<span style="color: #222222;">Prime Minister Narendra Modi today reviewed the implementation of Pradhan Mantri Street Vendor's Atma Nirbhar Nidhi- PM-SVANidhi Scheme of the Ministry of Housing and Urban Affairs. During the meeting, it was informed that over 2.6 lakh applications have been received, over 64,000 have been sanctioned and over 5,500 have been disbursed. <br />''<br />''The Prime Minister expressed satisfaction on the use of end-to-end IT solutions through a web-portal and mobile App for administration of the Scheme to ensure transparency, accountability and speed.<br />'' <br />''While noting that the Ministry of Housing and Urban Affairs is working on a complete IT solution including mobile application for seamless implementation of the scheme, Mr Modi said that the scheme design should incentivise the use of end-to-end digital transactions by the street vendors. It should cover the entire gamut of their business – from procurement of raw material to collection of sale proceeds and appropriate incentives and training should be conducted for this purpose. <br />''<br />''He said, use of digital payments would also help build a credit profile for the street vendor helping them in future financial needs.<br />'' <br />''Prime Minister Narendra Modi said that the scheme should not be just seen from the perspective of extending loans to street vendors but should also be seen as a part of an outreach to the street vendors for their holistic development and economic upliftment. <br />''<br />''He said, one step in this direction would be by capturing their entire socio-economic details to facilitate necessary policy interventions and such data could also be used by different Ministries to benefit them under various Schemes for which they are eligible, on priority. These include housing under Pradhan Mantri Awas Yojana- Urban, cooking gas under Ujjawala, electricity under Saubhagya, health under Ayushman Bharat and Bank account under Jan Dhan.<br />'' <br />''The government has launched PM-SVANidhi Scheme to facilitate collateral free working capital loan upto Rs 10,000 of one-year tenure to about 50 lakh street vendors, to resume their businesses. Incentives in the form of interest subsidy at the rate of seven per cent  per annum and cash back upto Rs 1,200 per annum are being provided to promote good repayment behaviour and digital transactions.</span><br />''