Himachal tops loans to street vendors: The Tribune India

Tribune press service

Shimla, July 3

The state has landed first place among the Himalayan and North Eastern states by providing loan worth Rs 20,000 each to street vendors under the PM’s AtmaNirbhar Nidhi (PM SVANidhi) scheme StreetVendor.

In the second phase of the program, applications from 1,007 suppliers were approved and the amount was paid out to 894 suppliers. “Given the state’s geographic location, this is a great achievement and a matter of pride. I hope we will also continue to be at the top in the future,” said Urban Development Director Manmohan Sharma.

According to an urban development official, the scheme has three phases, under which a street vendor is eligible to obtain a loan of Rs 10,000, Rs 20,000 and Rs 50,000, respectively. The program started in July 2020 and will run until December 2024.

All urban local authorities were interviewed to identify beneficiaries eligible for the scheme and 4,892 street vendors were identified. “In the first phase, 3,444 sellers received a loan of Rs 10,000 each. Besides, 11 applications have already been received for a loan of Rs 50,000 in the third phase,” the official said.

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