Monday, January 24, 2022

Main Bhi Digital 3.0 launched

New Delhi,  :  Ministry of Housing and urban Affairs( MoHUA) in collaboration with the Ministry of Electronics & Information Technology (MeitY) launched the pilot drive ‘Main Bhi Digital 3.0′ – A special Campaign for Digital Onboarding and Training for street vendors under PM SVANidhi scheme across 223 cities in the country today.

The pilot derive was jointly by Durga Shanker Mishra, Secretary, Ministry of Housing & Urban Affairs (MoHUA) and Shri Ajay Prakash Sawhney, Secretary, Ministry of Electronics & Information Technology (MeitY) and in a virtual event. The drive is in line with Prime Minister Shri Narendra Modi’s vision of  “SabkaSaathSabkaVikas”

The BharatPe, Mswipe, PhonePe, Paytm, Aceware are participating in this drive to issue UPI IDs, QR code and provide digital training. Digital Payment Aggregators will handhold the street vendors to bring about enhanced adoption of digital transactions and behaviour change. To promote digital transactions instruction has been issued to the Lending Institutions (LIs) to handover a durable QR Code and train the beneficiaries for conducting digital receipt and payment transactions within a week of disbursement.

So far, 45.5 lakh applications have been received. Out of these, 27.2 lakh loans have been sanctioned and 24.6 lakh loans have been disbursed. The amount disbursed so far is ₹2,444 Cr. More than 70,448 street vendors have repaid their first loan tranche. Out of 22.41 lakh digitally on-boarded street vendors, 7.24 lakh street vendors are digitally active and have recorded 5.92 Cr number of digital transactions.

PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched on June 1, 2020 as a Central Sector Scheme. The scheme facilitates affordable working capital loan of up to ₹10,000 with an interest subsidy @7% on regular repayment. The street vendors are not required to pay any collateral for the loan. The scheme provides Graded Guarantee Cover, to Lending Institutions, on a portfolio basis. The scheme targets to cover 50 lakh street vendors, who had been vending on or before March 24, 2020. The street vendors also stand a chance to avail a loan of ₹20,000 and ₹50,000 in the second and third tranches respectively on timely repayment of the loan. To encourage digital transaction a cash back up to ₹1,200 on digital transactions at ₹100 per month is provided to the street vendors under the scheme.  An Integrated IT Platform has been developed to provide end-to-end solution for the paper less loan processing. SIDBI has been appointed as the implementation agency for scheme administration.

Related Articles

Truck rams into auto-rickshaw in Ganjam: One killed, two injured

0
Ganjam : In a tragic mishap, one woman was killed and two others sustained grievous injuries after a truck rammed into an auto-rickshaw in...

CM Naveen Patnaik extends greetings on ‘National Girl Child Day’

0
Bhubaneswar : Odisha Chief Minister Naveen Patnaik has extended his wishes and greetings on ‘National Girl Child Day’. Taking to Twitter, Chief Minister said, “Girls...

Dhenkanal district court premises declared as micro-containment zone

0
Dhenkanal : The District Court premises here has been declared as Micro Containment Zone following detection of over 10 positive cases of Covid-19. It will...

200 kgs of Ganja seized in Koraput of Odisha

0
Koraput: The police on Monday has seized as much as 200 kgs of ganja in Koraput district of Odisha. According to reports, the ganja has been...

Anand Mahindra Calls Auto Driver A Professor Of Management

0
Chennai: We have seen the intellectually evolved businessman Anand Mahindra praise a number of people for their unique achievements. Another such act has been done...

Meet 3-year-old singing wonder kid who is social media star

0
A video of a three-year-old from Kota, Rajasthan has been doing the rounds of the internet for a very cute reason. Meet this little girl...

WhatsApp planning to add two-step verification for desktop users soon

0
Instant-messaging app, WhatsApp is planning to introduce two-step verification for the desktop users in a major upcoming update. According to report, the Meta-owned app...

‘Jai Bhim’, ‘Marakkar’ Make It To Oscars ‘Submission List’

0
Los Angeles/Thiruvananthapuram: Two Indian films — the controversial Tamil film ‘Jai Bhim’ starring Suriya and Lijomol Jose and Priyadarshan’s Malayalam period drama ‘Marakkar: Arabikadalinte Simham’...

Complete Lockdown In Tamil Nadu On January 23

0
Chennai/Bhubaneswar: Tamil Nadu Chief Minister MK Stalin today announced that there will be a complete lockdown across the state on January 23 (Sunday). The decision...

Odisha Capital Wakes Up To Dense Fog; Rain On Cards For...

0
Bhubaneswar: Residents of Bhubaneswar woke up to dense fog on Friday morning with a visibility of less than 100 metre. Vehicular traffic on streets as well...

How to open a fixed deposit account easily on Google Pay,...

0
If you are looking to open a Fixed deposit (FD) and have a Google Pay account then you can do it easily. Google Pay...

IS attack in Iraq kills 11 soldiers

0
Baghdad: At least 11 Iraqi soldiers were killed in an overnight attack by the Islamic State (IS) terror group in the eastern province of Diyala,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

22,878FansLike
3,131FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

- Advertisement -