India News | Ladakh 3rd Among UTs in Implementing Scheme for Street Vendors

Leh, Nov 25 (PTI) Ladakh has ranked third among all Union Territories in implementation of PM Street Vendor's AtmaNirbhar Nidhi (PMSVANidhi) scheme to support the street vendors adversely affected due to COVID-19, a senior official said on Wednesday.

The Ministry of Housing and Urban Affairs ranked Ladakh in top three UTs on the basis of its performance in implementing the scheme during a review meeting chaired by Prime Minister Narendra Modi, said Ajeet Kumar Sahu, Commissioner-Secretary, Housing and Urban Development Department, Ladakh.

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The PMSVANidhi was launched on 1 June 2020, as a component of the Atmanirbhar Bharat to support the street vendors.

The scheme aims to facilitate collateral-free working capital loan up to Rs 10,000 of one year tenure; incentivise regular repayment through interest subsidy at the rate of 7 per cent per annum and reward digital transaction by cashback up to Rs 1,200 per year, he said.

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The scheme targets to cover 50 lakh street vendors across the country by March 2022, Sahu added.

"As part of the scheme, the Ladakh administration and both the Autonomous Hill Development Councils made special efforts to provide the benefit of the scheme to all the street vendors of Leh and Kargil cities," Sahu said.

He said all the eligible street vendors have been provided SVANidhi cards.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)