“PM SVANidhi” is a Special Micro-Credit Facility Scheme that has been launched by the Ministry of Housing and Urban Affairs. Street vendors will be provided affordable loans under the PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) scheme, hence enabling them to resume work and earn livelihoods. The scheme is expected to benefit over 50 lakh people including hawkers, thelewalas, vendors, rehriwala etc.
Click Here To Get Test Series For SBI PO 2020
Under the PM SVANidhi scheme, street vendors will be able to avail the working capital loan of up to Rs. 10,000, which is repayable in monthly instalments in the tenure of one year. A digital platform with web portal/ mobile app would be developed to administer the scheme with end-to-end solution. It will also help in integrating the vendors into the formal financial system.
Important takeaways for all competitive exams:
The 14th edition of the cricket's premier ODI tournament, The ICC Men’s Cricket World Cup…
National News Oilseeds Kisaan Mitra: India's First WhatsApp AI Advisory for Oilseed Cultivation The Indian…
The Invest India and Invest UP have entered into the strategic partnership to attract the…
The Indian Institute of Technology (IIT) Bhubaneswar have developed the "ArsenSafe," a portable device which is…
The Jawaharlal Nehru Port Authority (JNPA) has emerged as the India's best-performing container port in…
The Central Government has appointed the Mr. Sanjay Lohiya, Secretary of the Department of Financial…