New Delhi, July 25 (TIWN) A total of 2.6 lakh applications have been received so far under the Centre's PM SVANidhi scheme, of which 64,000 have been sanctioned and money disbursed in over 5,500 cases, Prime Minister Narendra Modi was apprised in a review meeting on Saturday.

The Centre had launched the PM SVANidhi scheme to facilitate collateral-free working capital loans of up to Rs 10,000 for one-year tenure to approximately 50 lakh street vendors to resume their businesses affected by the COVID-19 pandemic.