Yogi govt. tops in disbursing loans under PM SVANidhi Scheme

New Delhi: In another first to its credit, Uttar Pradesh has ranked first among states under the Prime Minister SVANidhi Scheme. Yogi govt has disbursed loans among 2.3 lakh beneficiaries since June. Seven cities from the state have also ranked in the top 10 in disbursement of loans, with Varanasi on top and Lucknow in second spot.

The state was ranked first in all the categories – Applications, Sanctions and Disbursements. The scheme was launched on June 1, 2020, by the Central Government to help the street vendors resume their livelihood activities that were impacted by COVID-19.

Yogi Adityanath ---

As per the official statistics of UP, loans under Swanidhi scheme will be disbursed to 2.51 beneficiaries by October 27, 2020 when the Prime Minister will address the street vendors and handlers of the State.

Launched on June 1, 2020, the SVANidhi Scheme is meant for street vendors, to help them in stabilising their work in the aftermath of the Covid-19 lockdown. Under the scheme, a loan of up to Rs 10,000 at a subsidised rate of interest is given to applicants. The government gives a subsidy of Rs 2,500.

“The government received 6,22,167 applications, out of which 3,46,150 applications have been approved for sanction. Out of these, loans have been disbursed to 2,26,728 beneficiaries,” said government spokesperson

PM Modi

In second place is Madhya Pradesh with disbursements among over 1.25 Lakh beneficiaries, followed by Telangana with 53,777 disbursement, Gujarat with 18,747 disbursements, Andhara Pradesh with 15,992, Maharashtra with 13,021, Chhattisgarh with 8,993, Tamil Nadu with 8,389, Jharkhand with 6,413 and Rajasthan with 5,533.

Varanasi, Lucknow and Aligarh are the top three cities in the list even as other cities of the state include Allahabad (4th), Gorakhpur (7th), Ghaziabad (9th) and Kanpur (10th). Other Indian cities in the list are Indore (5th), Bhopal (6th) and Hyderabad (8th).

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