Bankers told to clear applications under housing, street vendor schemes

February 11, 2021 08:05 pm | Updated 08:05 pm IST - Bengaluru

Chief Minister B.S. Yediyurappa on Thursday said implementation of the Centrally-sponsored Pradhan Mantri Awas Yojana and PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) schemes are slow in the State and told bankers to speedily disburse applications of eligible beneficiaries.

Mr. Yediyurappa chaired a meeting with Ministers, senior officials and banking officials here and told them to disburse applications within 15 days of receiving them.

Only 53,659 applications were sanctioned under the credit-linked subsidy scheme of the Awas Yojana. Out of the sanctioned 3,46,414 applications, work orders had been issued in 1,16,168 cases. Works on only 19,658 houses were completed, the Chief Minister said.

The PM SVANidhi is intended to facilitate collateral-free working capital loans up to ₹10,000 of one year tenure to street vendors to help them resume their business in the urban/rural areas. Only 2,24,368 applications were received under the PM SVANidhi and loans sanctioned to 66,423 applicants only in Karnataka.

The scheme would benefit poor vendors impacted by COVID-19, the Chief Minister said and instructed bankers to clear applications as early as possible.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.