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Social Sector Initiatives - Coggle Diagram
Social Sector Initiatives
PM SVANidhi Scheme
Special micro-credit facilities scheme
provide affordable loan to street vendors
Ministries
launched by Housing and Urban Affairs Ministry
announced by Financed Ministry
Lending Institutions
Scheduled Commercial Banks
Regional Rural Banks
Small Finance Banks
Co-op Banks
NBFCs
Micro Finance Institutions
Self Help Group Banks
Aim
facilitate collateral free working capital loan
upto Rs.10000
1 year tenure
50 lakh street vendors
to resume their business
Incentives
Interest subsidy
7%
per annum
cash back upto Rs.1200 per annum
promote good repayment behaviour
encourage digital transaction respectively