PM Street Vendor's AtmaNirbhar Nidhi scheme to continue till Dec 2024: 10 things to know
Zee News
The decision to continue the PM Street Vendor's AtmaNirbhar Nidhi scheme was taken by the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi.
New Delhi: In what could be good news for street vendors, the Central government has approved the continuation of the Prime Minister Street Vendor`s AtmaNirbhar Nidhi (PM SVANidhi) scheme till December 2024. The Central Government took the decision on Wednesday.
The move to continue the PM Street Vendor's AtmaNirbhar Nidhi scheme till December 2024 was taken by the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi.
"The extension of lending till December 2024, would assist in institutionalizing the access to formal credit channels, provide an assured source of credit to help them plan their business expansion, increasing the adoption of digital transactions, reducing the impact of potential NPAs on the Lending Institutions and providing holistic socio-economic upliftment for the Street Vendors and their families," it added.
10 things to know about PM SVANidhi
1. PM SVANidhi scheme aims to provide collateral-free affordable loans to street vendors. The aim is to provide financial assistance for the holistic socio-economic development of the street vendors and their families.
