LG DIRECTS BANKS TO SPEED UP PM SVANIDHI LOANS AS DELHI RECEIVES OVER 4.3 LAKH APPLICATIONS

Lieutenant governor TS Sandhu Friday directed banks and govt agencies to expedite processing of applications under the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme, stressing that no eligible street vendor should face delays in accessing financial assistance.

Reviewing the scheme’s implementation in the capital, which is administered by the Municipal Corporation of Delhi (MCD), LG said the strong repayment record of beneficiaries reflected financial discipline and should encourage banks to extend credit without hesitation. Officials informed him that a total of 4.3 lakh loan applications have been received under the scheme so far. Of these, 2.7 lakh loans have been sanctioned by banks, while 1.9 lakh street vendors — including rehriwalas, thelewalas and hawkers — have benefited through disbursals across Delhi.

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