PMC to sanction loans to 3365 hawkers under PM SVANidhi

In an effort to aid hawkers affected due to the COVID induced lockdowns, Pune Muncipal Corporation (PMC) sanctioned a loans to 3,365 hawkers under the Centre’s PM SVANidhi scheme.

PM SVANidhi schemeUnder the PM SVANidhi scheme, hawkers will be supported by a maximum laon of Rs 10,000 to recover losses from the lockdown and restart their livelihood. The loan provided is unsecured and has a considerably small rate of interest.

Also Read: MoHUA inks pact with SIDBI to implement PM SVANidhi scheme

As reported by national daily, the civic body has received as many as 8,373 loan applications from the hawkers. According to Madhav Jagtap, in-charge of Civic Anti-Encroachment Department, “The loan has been sanctioned to 3,655 hawkers till now while the disbursement has been done for 2,083 hawker in their bank accounts.”

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