By Vishu Adhan New Delhi [India] More than 60 per cent of the funds (Rs 2096.49 crore) allocated for the PM Swanidhi scheme have been utilized till March 31, revealed the Housing and Urban Affairs Minister in response to an RTI query. . According to real-time data on the Swanidhi website, the Mantri Street Vendor's Atmanirbhar Nidhi, which was launched in June 2020, has given over 84.51 lakh loans till April 23. Out of which, more than 30.11 lakh loans have been repaid so far. Maximum loans have been taken in the fruit and vegetable sector under this scheme, as revealed by RTI responses. According to the response to an RTI query filed by ANI, the Ministry of Housing and Urban Affairs informed: "The Center allocated Rs 2096.49 crore as the total outlay for the PM Swanidhi scheme till the financial year 2027-28.Of the total outlay, an amount of Rs 1262.60 crore has been utilized till March 31, the scheme provides collateral-free working capital loans up to Rs 10,000 in the first instalment, and then Rs 20,000 in the second and third installment respectively. And Rs 50,000. MoHUA launched Pradhan Mantri Street Vendors Atma Nirbhar Nidhi (PM SVANidhi Yojana) with the objective of providing collateral-free working capital loans to street vendors to restart their businesses. More than 1.07 crore applications have been submitted so far for loans in the three categories, which were adversely affected by the COVID-19 pandemic, as per real-time data on the Swanidhi website, as of April 23. 88.40 lakh loans have been sanctioned.The ministry said applicants not being street vendors or have previously defaulted on loans are the primary reasons for rejecting LOA applications. Pradhan Mantri Street Vendors' Atmanirbhar Nidhi (PM SVANidhi) Scheme is a micro scheme launched by the Ministry of Housing and Urban Affairs (MoHUA) on June 1, 2020 to help street vendors overcome the economic challenge of the COVID-19 pandemic. -Credit program. The scheme provides collateral-free working capital loans. 7 percent interest subsidy on loans up to Rs 10,000 for a period of one year, subsequent loans of Rs 20,000 and Rs 50,000. The scheme also provides incentives to those who repay the loan on time and encourages digital payments with a monthly cashback of up to Rs 100.