Question
What is the maximum loan amount under the third tranche
of the PM SVANidhi Scheme?Solution
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) is a Special Micro-Credit Facility launched by Ministry of Housing and Urban Affairs, for providing affordable loans to street vendors. Facilitates collateral free Working Capital loans of upto Rs 10,000 for one year tenure. • The beneficiary traders are initially given a loan of up to ₹10,000. • If they repay it on time, they can avail ₹20,000 next time. • This increases to ₹50,000 based on the previous loan's timely repayment.
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