PM SVANidhi: Hardeep Singh Puri launches mobile app to process loan requests from street vendors

Union Minister Hardeep Singh Puri has launched a mobile app for local urban organizations to seek loan applications from street vendors under the PM SVANidhi program, a statement said on Wednesday.

In an interaction with the state’s urban development ministers on Tuesday evening, it was also decided that the Ministry of Housing and Urban Affairs would conduct a full socio-economic profiling of PM SVANidhi beneficiaries with the aim of making them facilitate in other programs such as PM Awas Yojana (Urban), Ayushman Bharat, Ujjwala Yojana, Jan Dhan Yojana and DAY-NULM (Deendayal Antyodaya Yojana-National Urban Livelihoods Mission), among others.

The statement said Housing and Urban Affairs Minister Puri received comments from states and Union Territories, and urged them and relevant officials to hold meetings with key stakeholders to ensure successful implementation of the Prime Minister’s program on street vendors AtmaNirbhar Nidhi (PM SVANidhi).

Under the PM SVANidhi program, street vendors can benefit from a working capital loan of up to Rs 10,000, repayable in monthly installments over a period of one year.

“On this occasion, the Minister launched a mobile application for ULB officials (local urban organizations). This application aims to provide a user-friendly digital interface for ULB officials to search for loan applications from street vendors”, indicates the press release.

He also said that during his interaction, Puri said: “States are encouraged to integrate other seller economic improvement programs like Mudra / DAY-NULM credit for the purchase of modern carts at the instead of traditional thelas.

“Regarding the undue harassment of street vendors by police / municipal officials, action should be taken against the offending officials by establishing liability …”

He also said that to help beneficiaries raise their grievances in a conducive environment, a forum chaired by the district collector and having representation from the police / ULB and other relevant departments should be formed.

According to the ministry, since the online submission of applications began on the PM SVANidhi portal on July 2, more than 5.68 lakh applications have been received and more than 1.3 lakh sanctioned in states and UTs.

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