<h1>PM SVANidhi Scheme Aids Over 2.8 Million Street Vendors with Rs. 45.21 Crore in Interest Subsidies and Cashback.</h1> The PM SVANidhi Scheme has benefited 28,69,477 eligible street vendors in urban areas as of March 7, 2022, with a total disbursement of Rs. 45.21 crore in interest subsidies and Rs. 7.55 crore as cashback incentives. The scheme targets vendors with a Certificate of Vending or those identified in surveys conducted by Urban Local Bodies. Loans are directly provided by lending institutions, with a 7% interest subsidy offered on quarterly repayments. Cashback of up to Rs. 100 per month is given to promote digital transactions. Interest rates vary based on the lending institution's policies and RBI guidelines.