Skill Development

1. PM SVANidhi (Prime Minister Street Vendor’s Atma Nirbhar Nidhi)

  • It is a central sector scheme launched by Ministry of Housing and Urban Affairs (MoHUA) in June 2020.It aims to provide micro-credit facilities to street vendors affected due to COVID-19 pandemic.

Features

  • Vendors will be provided with an initial working capital of up to Rs. 10000.
  • A vendor will get an interest subsidy at 7% at early or timely repayment of loans.
  • There is a provision of monthly cash-back incentive on digital payments.
  • A vendor has the high probability to be eligible for a higher loan if he/she repays the first loan ....
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