The Centre’s flagship PM SVANidhi scheme has shown significant improvement in empowering urban street vendors, with strong evidence of rising incomes, improved access to formal credit, and growing digital adoption. The Ministry of Housing and Urban Affairs informed Parliament that the scheme’s redesigned structure has strengthened livelihoods while preventing over-indebtedness…
Tag: #VendorEmpowerment
News
Financial Empowerment for Street Vendors: PM SVANidhi
The restructured PM SVANidhi Scheme is set to empower 1.15 crore street vendors, including 50 lakh new beneficiaries, by extending the lending period until March 31, 2030. Launched in June 2020, the scheme has evolved from pandemic relief to a holistic financial support system for urban micro-entrepreneurs. Financial Inclusion and…