PM's Scheme For Street Vendors Strengthened Social Fabric: Report
NDTV
The government launched Prime Minister Street Vendor's Atma Nirbhar Nidhi (PM SVANidhi) Scheme on June 1, 2020, to facilitate collateral-free working capital loans of up to Rs 50,000 to street vendors to restart their businesses.
As one of the largest micro-credit urban programmes worldwide, PM SVANidhi has been an effective vector of ensuring societal harmonisation among unformalised segments of urban micro-entrepreneurs from fringe strata and dismantling select community blockades, a report said.
The government launched Prime Minister Street Vendor's Atma Nirbhar Nidhi (PM SVANidhi) Scheme on June 1, 2020, to facilitate collateral-free working capital loans of up to Rs 50,000 to street vendors to restart their businesses, which were adversely impacted by the COVID-19 pandemic.
As per the report by SBI Research, 43 per cent of women beneficiaries in the scheme indicates empowerment of entrepreneurial capabilities of urban female.
