PM Modi talks with beneficiaries of the SVANidhi scheme.

Key Points: 

• On Tuesday, Prime Minister Narendra Modi communicated with the beneficiaries of the Agra, Varanasi, Lucknow SVANidhi scheme.
• The prime minister even questioned the recipients if they were informed that they might be free of interest on this loan.
• The brothers and sisters our vendors lost a lot during the lockout. It’s our responsibility now to inspire them.
• Under this scheme, over 24 lakh applications have been collected so far, with 557,000 applications of vendors from Uttar Pradesh.

On Tuesday, Prime Minister Narendra Modi communicated with the beneficiaries of the Agra, Varanasi, Lucknow SVANidhi scheme, and inquired about the well-being of the vendors who earned up to Rs 10,00 working capital at subsidized rates under the scheme.

PM Modi to Vendors: 

Where is the organization going? “To get this loan, how many officers did you have to visit?” “How much are you making now every day?” PM Modi asked the vendors and said, “While I should not be asking this question …” on a lighter note. I am not a tax officer on wages.

“Speaking to a Varanasi momo vendor, PM Modi said,” I have heard that momos have become famous in Varanasi. But no one gave me momos, either.

Other things PM said: 

The prime minister even questioned the recipients if they were informed that they might be free of interest on this loan. He wondered about social-distancing rules being maintained at their stalls while he was talking with the vendors.

The brothers and sisters our vendors lost a lot during the lockout. It’s our responsibility now to inspire them. There was a time when to get a loan,

even salaried persons had to sprint from pillar to post. Poor people had no confidence to step into a bank, either. But the bank has come up to them now. Without the banks’ tireless commitment, this would not have been possible, ” PM Modi added.

Applications received under the SVANidhi Scheme:

Under this scheme, over 24 lakh applications have been collected so far, with 557,000 applications of vendors from Uttar Pradesh, the highest in the country. UP accepted as many as 3.27 lakh demands and disbursed a loan of 1.87 lakh. Of the total applications, 12 lakh were authorized and loans priced at about 5.35 lakh were disbursed. On June 1, 2020, the PM SVANidhi Scheme was initiated for vulnerable people who sell goods on roads and streets that have been hit by the coronavirus pandemic.