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Madhya Pradesh Leads in PM SVANidhi Scheme as Top Performing State

Published on 22 Jul 2024

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Madhya Pradesh Leads in PM SVANidhi Scheme as Top Performing State
  • Madhya Pradesh has been named the 'Best Performing State' under the PM SVANidhi scheme for its support of urban street vendors with collateral-free loans.
  • Launched in June 2020, the PM SVANidhi scheme provides urban street vendors with collateral-free loans up to ₹50,000 to aid recovery from the economic impact of COVID-19.
  • The loans under the PM SVANidhi scheme are repayable within a year and aim to bolster financial stability and support small businesses.

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