PM SVANidhi Fortnight Launches: 20 Lakh New Applications, 2 Lakh Pending Cases Targeted

Prime Minister Narendra Modi inaugurated the PM SVANidhi fortnight today, a two‑week drive to accelerate the processing of small‑business loans. The government has set a target of 20 lakh new applications to be approved and 2 lakh pending cases to be cleared during the period. The scheme, administered by the Ministry of Micro, Small and Medium Enterprises, offers low‑interest credit to micro‑ and small‑enterprises across the country. The fortnight‑long initiative is part of the broader effort to boost the MSME sector and support economic growth. Officials expect the accelerated processing to provide timely financial relief to thousands of entrepreneurs.