UP ranks 1st in disbursing loans under PM Swanidhi Scheme

| | Lucknow
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UP ranks 1st in disbursing loans under PM Swanidhi Scheme

Sunday, 25 October 2020 | PNS | Lucknow

In another first to its credit, Uttar Pradesh has secured the first rank in implementing Government of India’s one of the most ambitious schemes – the PM Atma Nirbhar Nidhi Scheme (Swanidhi scheme).

The state was ranked first in all the categories – Applications, Sanctions and Disbursements.  The scheme was launched on June 1, 2020, by the Central Government to help the street vendors resume their livelihood activities that were impacted by COVID-19.

As per the official statistics of UP, loans under Swanidhi scheme will be disbursed to 2.51 beneficiaries by October 27, 2020 when the Prime Minister will address the street vendors and handlers of the State.

It aims at facilitating working capital loan up to Rs  10,000 at a subsidised rate of interest, incentivising regular repayment of the loan and to reward digital transactions. The scheme aims at providing benefits to street vendors or hawkers in urban, pre-urban and rural areas.

As many as 6,22,167 applications were received under the scheme in UP, the most in the country, out of which sanctions were given to 3,46,150 applicants while the loans were disbursed to 2,26,728 beneficiaries. Seven cities of UP also find place in the list of top 10 cities of the country with latest additions of Ghaziabad and Kanpur.

Varanasi, Lucknow and Aligarh are the top three cities in the list even as other cities of the state include Allahabad (4th), Gorakhpur (7th), Ghaziabad (9th) and Kanpur (10th). Other Indian cities in the list are Indore (5th), Bhopal (6th) and Hyderabad (8th). As far as the entire list of states is concerned, MP is in the second slot with loan disbursements to over 1.25 lakhs beneficiaries followed by Telangana (53,777), Gujarat (18,747), Andhra Pradesh (15,992), Maharashtra (13,021), Chhattisgarh (8,993), Tamil Nadu (8,389), Jharkhand (6,413) and Rajasthan (5,533).

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