New Delhi: With an aim to help street vendors financially, the government on Friday launched PM SVANidhi Mobile app. It was launched by Durga Shanker Mishra, Secretary, Ministry of Housing & Urban Affairs, Government of India.
This App aims to provide user friendly digital interface for Lending Institutions (LIs) and their field functionaries for sourcing and processing loan applications of street vendors under the Scheme.
Ministry has already launched the Web Portal on June 29, 2020. This App has all the features similar to the Web Portal of PM SVANidhi added with the feature of easy portability.
According to government claims, more than 1,54,000 street vendors applied for working capital loan so far across States/ UTs out of which 48,000 already been sanctioned.
