‘Not an income tax officer but asking…’ PM Modi interacts with SVANidhi scheme beneficiaries

Prime Minister Narendra Modi on Tuesday interacted with the beneficiaries of SVANidhi scheme of Agra, Varanasi, Lucknow and requested in regards to the well-being of the distributors who acquired as much as Rs 10,00 working capital at subsidised charges below the scheme.

“How are your business going?” “How many officers did you have to visit to get this loan?” “How much are you earning daily now?” PM Modi requested the distributors and added on a lighter word, “ Though I should not be asking this question… I am not an income tax officer.”

Talking to a momo vendor of Varanasi, PM Modi mentioned, “I have heard momos have become popular in Varanasi. But no one has offered me momos.”

Also Read: PM Modi to just about distribute loans to 300,000 avenue distributors below PM SVANidhi Scheme at this time

The prime minister additionally requested the beneficiaries whether or not they’re conscious that they will make this mortgage curiosity free. As he was interacting with the distributors, he inquired about social-distancing pointers being maintained at their stalls.

“Our vendor brothers and sisters have suffered a lot during lockdown. Now it’s our duty to empower them. There was a time when even salaried people had to run from pillar to post to get a loan. Poor people didn’t even have the courage to walk into a bank. But now the bank has come to them. This would not have been possible without the tireless effort of the banks,” PM Modi mentioned.

Also Read: PM SVANidhi scheme for avenue distributors: Benefits, mortgage quantity, tenure

Over 24 lakh purposes have been acquired below this scheme to date, with 557,000 purposes from distributors in Uttar Pradesh, the very best throughout the nation. As many as 3.27 lakh purposes from UP have been authorized and mortgage of 1.87 lakh has been disbursed. Out of the overall purposes, 12 lakh have been authorized and loans price about 5.35 lakh have been disbursed. PM SVANidhi Scheme was launched on June 1, 2020 for poor individuals promoting items on roads and tracks, who have been affected because of the coronavirus pandemic.