In News:
The Government of India has extended the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme beyond March 2022
About PM SVANidhi Scheme
- PM SVANidhi is a Central Sector Scheme to facilitate street vendors to access affordable working capital loan for resuming their livelihoods activities, after easing of lockdown.
- It has been extended with the following provisions:
- Extension of lending period till December 2024;
- Introduction of 3rd loan of upto ?50,000 in addition to 1st & 2nd loans of ?10,000 and ?20,000 respectively.
- To extend ‘SVANidhi Se Samriddhi’ component for all beneficiaries of PM SVANidhi scheme across the country;
- 42 lakh street vendors are to be provided benefits under PM SVANidhi Scheme by December 2024.
Source:PIB
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