PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Scheme: Empowering Street Vendors In the ever-evolving landscape of government schemes, the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Scheme stands as a beacon of hope for street vendors across the nation. This transformative initiative, introduced by the Ministry of Housing and Urban Affairs on 1 June 2020, aims to provide a lifeline to those who were negatively impacted by the COVID-19 lockdown . Let's delve into the details of this scheme and understand how it empowers street vendors to regain their financial footing. Unveiling the PM Street Vendor's Self-Reliant Fund Scheme An Overview The PM SVANidhi Scheme is designed to offer affordable working capital loans to street vendors. Its primary objective is to assist them in recovering from the economic setbacks caused by the pandemic. This micro-credit facility extends a helping hand by granting collateral-free loans of up to Rs 10,000 at an attracti...
NEWS WORLD WITH HEART