Govt looks to extend street vendor credit scheme during festive push

Is looking to increase limit of working capital loan to Rs 25,000 from Rs 10,000 currently, apart from raising maximum guarantee it provides on loans to 25% from 15%

The Centre is looking to expand its flagship credit scheme for street vendors PM Street Vendors Atmanirbhar Nidhi (PM SVANidhi), and come up with its second version in a move to push credit during the festive season amid ongoing economic recovery.

The government is looking to increase the limit of working capital loan up to Rs 25,000 under the PM SVANidhi scheme from Rs 10,000 currently, an official said.

The Centre is also looking to raise the maximum guarantee it provides on loans to 25 per cent on such loans, the official said. Currently, the government provides maximum guarantee coverage