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Street vendor loan scheme boosts Jan Dhan accounts: SBI
Credit: IndiaTimes- Published on October 25, 2023
The PM Svanidhi scheme, which provides collateral-free loans to street vendors, has expanded access to formal credit in India. A study by SBI reveals that the scheme has led to an increase in the number of people included in formal credit and has empowered borrowers financially. Many borrowers are first-time borrowers, and a...