Thirty-eight best-performing ULBs and banks from Andhra Pradesh have been selected for State-level and national-level awards under the PMSVANidhi scheme. The award, titled 'PRAISE Awards 2023-24', is presented to ULBs and banks in four categories—Loan performance, SVANidhi Se Samriddhi, Best Performing Lending Institution and Best Performing Bank Branches.