India, May 30 -- The Government of India has issued a release:
PM SVANidhi has emerged as a major initiative supporting vendors working across India's informal urban economy. Beyond providing collateral-free loans, the scheme has encouraged digital adoption, improved access to institutional credit and expanded social security coverage. Since its launch in 2020, more than 1.12 crore loans have already been disbursed. The initiative has benefited over 75 lakh beneficiaries across cities and towns. Loans worth over Rs.17,800 crore have been provided under the scheme. Its impact is visible not only in official numbers but also in the everyday journey of vendors building stronger and more sustainable livelihoods.
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