PM SVANidhi Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi

PM SVANidhi

Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi

Key features of the scheme :

  • PM SVANidhi scheme is a special micro-credit facility to provide affordable loans to street vendors.

  • It has been launched by Ministry of Housing and Urban affairs.
  • Under the scheme, the government provides Rs. 10,000 for street vendors without any collateral.
  • On timely repayment of first loan, they are eligible to get higher loan amount of 20,000 and 50,000 in second and third tranche respectively.
  • It also has monthly cash back incentive on number of digital transactions made by them.

Eligible persons for the scheme :

  • Street vendors who possess the certificate of vending by Urban Local Bodies.
  • And others who generally come under street vendor category and having a recognised certificate or letter of recommendation.
  • Syllabus : Prelims + Mains; Government schemes in news

Syllabus : Prelims + Mains; GS2- E- Governance

CIVIL SERVICES EXAM