Search
HDFC Bank unveils micro-credit facility for PM SVANidhi scheme
November 18, 2021
HDFC Bank launched the PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) with Common Service Centres (CSC), a special micro-credit facility for street vendors. This is a flagship scheme of the Government of India, in line with the protocols of Atmanirbhar Bharat.
HDFC Bank would be facilitating PM SVANidhi for its Village Level Entrepreneurs (VLEs) on the Digital Sewa Portal where vendors can complete the entire process online. It is a collateral-free affordable loan of ₹10,000 with an interest subsidy of 7%. It’s an easy application.
“Through the launch of PM SVANidhi, at HDFC Bank we will be able to provide micro-credit facility to small street vendors through our CSC VLEs for their holistic development and economic growth,” said Ms. Smita Bhagat, Country Head GIB, CSC, E-Commerce, Start-ups & Inclusive Banking Initiatives Group, HDFC Bank. “Our CSC VLEs will facilitate street vendors around their centers in availing credit without problems while helping them in resuming livelihoods post-lockdowns”.
The virtual launch event was held through CSC VLEs Facebook Live in the presence of IAS Sanjay Kumar, Joint Secretary Ministry of Housing and Urban Affairs, Dr. Dinesh Tyagi, Managing Director, CSC SPV along with Ms Bhagat from HDFC Bank.
Important Links:
- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://ask.careers/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/
- Mumbai: https://ask.careers/cities/mumbai/
- TSCFM: https://ask.careers/institutes/tscfm/
