AP: GVMC disburses Rs 12.95 crore in loans to 6,517 street vendors under PM SVANidhi

Visakhapatnam, Sep 28 (UNI) The Greater Visakhapatnam Municipal Corporation (GVMC) on Monday facilitated the disbursement of Rs 12.95 crore in loans to 6,517 street vendors across its limits under the PM SVANidhi scheme, aimed at improving access to institutional credit and strengthening small businesses. GVMC Project Director (UCD) B.V. Ramana while sharing the details after a meeting with Town Vending Committee members at the Bheemili Zonal Office, here, said the Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme provides collateral-free working capital loans to eligible street vendors in successive tranches of up to Rs 15,000, Rs 25,000 and Rs…