https://www.taxtmi.com/news?id=25190 PM SVANidhi is a central-sector lending and incentive framework where lending institutions directly disburse loans to eligible urban street vendors, while the Centre does not transfer funds to States. The scheme provides an interest subsidy paid by direct benefit transfer on timely repayment and a monthly cashback incentive to promote digital transactions; beneficiaries bear any interest beyond the subsidy. Eligibility is determined by urban local bodies and town vending committees through certificates, survey identification, or Letters of Recommendation for vendors including peri-urban vendors within ULB limits. en-us Tue, 15 Mar 2022 09:37:39 +0530 Tue, 15 Mar 2022 09:37:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25190 PM SVANidhi is a central-sector lending and incentive framework where lending institutions directly disburse loans to eligible urban street vendors, while the Centre does not transfer funds to States. The scheme provides an interest subsidy paid by direct benefit transfer on timely repayment and a monthly cashback incentive to promote digital transactions; beneficiaries bear any interest beyond the subsidy. Eligibility is determined by urban local bodies and town vending committees through certificates, survey identification, or Letters of Recommendation for vendors including peri-urban vendors within ULB limits. News - Tue, 15 Mar 2022 09:37:39 +0530 https://www.taxtmi.com/news?id=25190