TS tops in street vendors’ loan disbursement
The Hindu
Under Pattana Pragathi and PM SVANidhi, 95% street vendors accepting digital payments through QR codes
Telangana stands in first place in the country in implementation of PMSVANidhi Scheme – loans to street vendors (SVs) with capital loans of ₹364.42 crore is sanctioned to 3,64,428 street vendors (107.18%) and loans disbursed to 3,45,028 street vendors (101.47%) against the target of 3,40,000.
Under the ‘Pattana Pragathi Programme’ (PPP) and PM SVANidhi, 3,25,744 street vendors (95%) are accepting digital payments through QR codes. A maximum cash incentive of ₹100 is given to each street vendor per month for conducting digital transactions as per the target.
Street vendors have availed cash back of ₹66.02 lakh as an incentive for conducting digital transactions till now, which is 32% of country’s total. An interest subsidy of ₹428.00 lakh for regular repayment of loans has been disbursed, which is 20% of the country’s total, said an official release on Wednesday.
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