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PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) A SPECIAL MICRO-CREDIT FACILITY FOR STREET VENDORS
The scheme is a Central Sector Scheme i.e. fully funded by Ministry of Housing and Urban Affairs with the following objectives: (i) To facilitate working capital loan up to `10,000; (ii) To incentivize regular repayment; and (iii) To reward digital transactions.
Added Grievance Functionality module in PM SVANidhi mobile app, empowering Street Vendors to lodge complaints against various entities including ULB, State, Lenders, mobile app, or portal services.
Ministry of Housing & Urban Affairs launched a scheme PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) to empower Street Vendors by not only extending loans to them, but also for their holistic development and economic upliftment.
Aug 7, 2023 · Ministry of Housing and Urban Affairs (MoHUA) has launched Prime Minister Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) Scheme on June 01, 2020 with the aim to facilitate collateral free working capital loan to street vendors to restart their businesses, which were adversely impacted by the COVID-19 pandemic.
Jun 24, 2024 · PM SVANidhi is a micro-credit scheme launched on 1st June 2020 by the MoHUA to provide handholding support to street vendors. The scheme facilitates a working capital collateral-free loan of ₹10,000, with subsequent loans of ₹20,000 and ₹50,000 with a 7% interest subsidy.
Apr 27, 2022 · The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi, today has approved the continuation of lending under the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) beyond March 2022 till December 2024, with focus on enhanced collateral free affordable loan corpus, increased adoption of digital ...
