New Delhi [India], The Ministry of Housing and Urban Affairs said the central government has paid Rs 147.82 crore as interest subsidy to street vendors under the PM Swanidhi scheme till March 31 since its launch in 2020. All loans – first, second and third loan – are eligible for an interest subsidy of 7 per cent. The interest subsidy amount is credited to the borrower's account on a quarterly basis. According to a response to an RTI query, the Ministry of Housing and Urban Affairs informed: "Till March 31, 2024, interest subsidy of Rs 147.82 crore has been released to the scheme beneficiaries. Lenders are required to submit quarterly claims for interest subsidy by the end of the quarter." on 30 June, 30 September, 31 December and 31 March during each financial year The Union Housing Ministry launched the Pradhan Mantri Street Vendor Atma Nirbhar Nidhi (PM SVANidhi) Scheme on June 1, 2020, which aims to provide collateral-free working capital To provide loan facility to street vendors who were adversely affected by the Covid-19 pandemic, the scheme provides loan facility of up to Rs 10,000 in the first instalment, and then Facilitating loans of up to Rs 20,000 and Rs 50,000 in the second and third tranches respectively, the Prime Minister's Street Vendor's Atma Nirbhar Nidhi (PM SVANidhi), which was launched in June 2020, has disbursed over Rs 84.51 lakh loans as of April 25. As per real-time data on Swanidhi website, more than 30.11 lakh of these loans have been repaid so far. And the maximum loan has been taken under this scheme in the vegetable sector. The government has allocated Rs 2,096.49 crore as the total outlay for the P Swanidhi scheme till 2027-28, of the total outlay, more than 60 per cent or Rs 1262.49 crore has been utilised. RTI reply has been mentioned. So far, more than 1.07 crore applications for loans in three categories have been submitted.