Chief Minister Shivraj Singh Chouhan will also interact with the beneficiaries of PM Swanidhi Yojana by distributing loans to them at Balaghat from 1 pm on August 29. Urban Development and Housing Minister Bhupendra Singh will virtually participate in the programme.
The speech and dialogue of Chouhan will be broadcast on various social media platforms like regional TV news channels and Doordarshan through webcast link. All ministers, MPs, MLAs and other public representatives have also been invited in the programme. All urban bodies will be virtually involved in this programme.
Urban Development and Housing Minister Bhupendra Singh has informed that against the target of distributing loans to a total of 4.02 lakh urban street vendors in the first phase of PM Swanidhi Yojana from July 1, 2020 to March 2022, 3.50 lakh beneficiaries have been benefitted and the state ranks second in the country. Identity cards have been issued to 6.72 lakh urban street vendors in the state. Out of these, applications of 5.41 lakh have been submitted in the banks.
In the first phase of the scheme, till March 12, 2021, loans worth `300 crore were disbursed to 3 lakh beneficiaries at the rate of `10,000 per beneficiary. After this, till now 50 thousand new urban street vendors have been disbursed loans worth `50 crore at the rate of `10,000.
Around `11 lakh cashback has been received so far by the street vendors who are buying and selling through digital transactions. To encourage digital payments, street vendors doing digital transactions get a cashback of `100 per month.
The second phase of PM Swanidhi Yojana has started from August 18, 2021. Under the scheme, the urban street vendors of the first phase, who have fully repaid the loan of 10 thousand rupees, they become eligible for a loan of 20 thousand rupees. In this phase, a loan of `20,000 each has been distributed to 600 street vendors in the state, while loans have been disbursed to only 1200 beneficiaries across the country. In this way, Madhya Pradesh ranks first in the country in the implementation of second phase of PM Swanidhi.