Madhya Pradesh ranks first in the country in PM Street Vendor Scheme

Madhya Pradesh has secured the first position in the PM Street Vendor Scheme by distributing more than 11 lakh 95 thousand loans across the country. Out of these, 8 lakh 38 thousand street vendors are transacting digitally. These street vendors have received cash amount of about Rs 21 crore from the bank.

Union Housing and Urban Affairs Minister Manohar Lal Khattar and Union Minister of State for Housing and Urban Affairs Tokhan Sahu will present the Systematic Progressive Analytical Realtime Ranking Award (SPARK) to Principal Secretary Neeraj Mandloi in New Delhi on July 18. The award ceremony is being organized at India Habitat Center, New Delhi. The ambitious scheme of self-employment in the state is being run for the economic empowerment of toll vendors from July 2020.

Amount was distributed in 1 lakh 99 thousand loan cases from the year 2021 under PM Street Vendor Scheme. In the year 2022, the amount was distributed in 1 lakh 70 thousand loan cases. In the year 2023, the amount was distributed in 4 lakh 84 thousand loan cases. State Mission Director PM Swa-Nidhi and NULN Shri Kailash Wankhede informed that this year the maximum number of cases have been approved and the amount has been distributed in Madhya Pradesh. Under the PM Swa Nidhi Yojana, loans of Rs 10, 20 and 50 thousand have been approved to the street vendors in phases.

In the award ceremony, urban bodies Ujjain, Khargone and Sarani will be awarded under PM Swa-Nidhi and urban bodies Jabalpur, Sidhi, Mandsaur and Itarsi will be awarded under Day-NULM scheme. In the program, 2 urban street vendors and 2 support groups benefited from PM Swa-Nidhi Yojana will also be honored.