Elaborating about the context of conceptualisation of PM SVANidhi scheme, Hardeep Singh Puri, Minister of Housing & Urban Affairs and Petroleum & Natural Gas, said that the scheme was launched during the pandemic when India’s street vendors were among the most harshly affected. “The aim of the SVANidhi Yojana was to restore the Swarozgar, Svavlamban, Swabhimaan of street vendors”, he said.
The Minister was speaking at PM SVANidhi Mega Camp here today. As part of this event, loans were distributed to 10,000 street vendors.
Drawing attention to the achievements of PM SVANidhi Scheme, the Minister noted that the scheme has extended more than 80.42 lakh loans to 60.94 lakh street vendors amounting to Rs 10,678 crores by facilitating collateral-free first working capital loan up to Rs. 10,000 in the first tranche, and then Rs. 20,000 and Rs. 50,000 in the second and third tranches respectively.
He said that the scheme has not only resulted into financial inclusion of street vendors but has also led to their respect and dignity.
