NEWS

The Union Government has launched the ‘SVANidhi se Samriddhi’ program

DETAILS

• Additional program of PM SVANidhi Scheme
• Launched by Ministry of Housing and Urban Affairs
• Implemented by Quality Council of India (QCI)

AIM

• Provide social security benefits to street vendors for their holistic development and socio-economic upliftment
• Socio-economic profiling of PM SVANidhi beneficiaries and their families is conducted to assess their eligibility for Eight Government of India’s welfare schemes and facilitate sanctions of eligible schemes

PM SVANIDHI SCHEME

• Micro-credit facility plan to provide affordable loan to street vendors who had their businesses operational on or before 24 March 2020.
• Implemented by Small Industries Development Bank of India