PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
The Ministry of Housing and Urban Affairs has launched the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) on 1st June, 2020 a Special Micro-Credit Facility Scheme for Providing collateral free working capital loan upto Rs10,000/-(1st tranche loan), Rs.20,000/-(2nd tranche loan) and Rs 50,000/- (3rd tranche loan) to the Street Vendors in order to address the hardships faced by the street vendors and to resume their livelihoods that have been adversely affected due to COVID-19 pandemic and consequent lockdowns. Street vendors in possession of Certificate of Vending/Identity Card/Letter of Recommendation issued by Urban Local Bodies (ULBs) are eligible for this scheme. On timely/early repayment of the loan, an interest subsidy@ 7% per annum is credited to the Bank Accounts of beneficiaries through DBT by the Ministry of Housing & Urban Affairs. Under the PMSVANidhi scheme.
