<h1>Over 23 Lakh Loans Sanctioned Under PM SVANidhi Scheme for Street Vendors; 18.54 Lakh Loans Disbursed by March 2021.</h1> The Ministry of Housing and Urban Affairs reported that by March 15, 2021, 23.24 lakh loans were sanctioned and 18.54 lakh loans disbursed under the PM SVANidhi Scheme. Launched on June 1, 2020, the scheme offers collateral-free working capital loans up to Rs. 10,000 for street vendors affected by lockdowns. It includes a 7% annual interest subsidy on timely repayments and cashback for digital transactions. Vendors repaying on time can access higher loans in subsequent cycles. The scheme also involves socio-economic profiling to connect beneficiaries with government welfare programs and aims to integrate street food vendors with e-commerce platforms.