INDORE: Around 17,000 street vendors of Indore - 47% of around 36,000 beneficiaries of Pradhan Mantri Svanidhi Yojana, who were distributed loan of Rs 10,000 each, have defaulted its installment, mainly due to lockdown followed by Covid-19 .
They are now ineligible for a second loan of Rs 20,000.
According to senior IMC officials, around 55,000 street vendors have so far distributed guarantee-free loans of Rs 10,000 each under ‘Pradhan Mantri Svanidhi Yojana’ after inspection of this scheme in July 2020. Of this, around 36,000 loans were disbursed till March 2021 and they must repay it by the end of March this year.
