Madhya Pradesh tops in implementing PM Svanidhi scheme

Madhya Pradesh has topped among the other states in the implementation of PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi). The scheme is presently benefiting the beneficiaries of 378 urban bodies of the state. Till now 8,70,330 street vendors have registered under the scheme, out of which 1,76,000 street vendors have been issued the identity cards and vending certificates. Part from this, 15,500 cases have been approved in the state along with interest free loan of around 15 crore 50 lakh.

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About PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi):

PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) is a Special Micro-Credit Facility for Street Vendors to help them in continuing their business. It also offers interest free working capital of Rs 10,000 for one year. Under the scheme, interest subsidy of 7% on loan amount will be borne by the Central Government while the remaining amount will be borne by the State Government.

Important takeaways for all competitive exams:

  • Chief Minister of Madhya Pradesh: Shivraj Singh Chouhan; Governor: Anandiben Patel.

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