PM Swanidhi Yojna Implementation - MP is the first in the country

PM Swanidhi Yojna,Madhya Pradesh

Sagar Watch/ More than 6 lakh path vendors have been moved by Madhya Pradesh on the path of self-employment, self-employment and self-respect from self-employment and self-respect. 

Madhya Pradesh is the first in the country in the implementation of the first and second phases of the scheme, Said Urban Development and Housing Minister Bhupendra Singh.

Minister Shri Singh has informed that 7 lacs 8 thousand 255 applications have been sanctioned in all three phases of PM Swanidhi Yojana. Out of these, loans have been distributed by 6 lakh 47 thousand 951 beneficiaries banks.

In the scheme's first phase by the Union Ministry of Housing and Urban Affairs, the target of giving benefits to 5 lakh 20 thousand path vendors was given to the state by 31 March 2023. 

The Urban Development and Housing Department has provided the target in January, two and a half months before 31 March, in January itself, an interest-free working loan capital of Rs 10 thousand has been provided to 5 lakh 20 thousand 187 path vendors. This amount has been transferred to the bank account of the path vendors of the urban area.

In the scheme's second phase, one lakh 57 thousand 158 applications have been approved by the banks. Of these, Rs 20 thousand has been transferred to 1 lakh 23 thousand 261 applicants in their bank accounts.

In the third phase, 5 thousand 281 applications have been approved by the banks, out of which an interest-free loan of Rs 50 thousand has been deposited in the bank accounts of 4 thousand 503 applicants.

In the scheme, interest-free working loans of Rs 10 thousand, Rs 20 thousand and Rs 50 thousand are being given in three phases respectively. 

A cashback of about Rs 3 crore 50 lacs has also been done by the government to promote digital transactions between the path vendors of the state.