Phenomenal Impact of PM SVANidhi Scheme on Street Vendors
Recently, the State Bank of India (SBI) released a research work titled PM SVANidhi: Strengthening Country’s Social Fabric through empowering grassroot market mavericks which analysed the transformative impact of PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi).
Major Findings
Ensured Inclusive Entrepreneurship
- PM SVANidhi has seamlessly connected marginalized urban micro-entrepreneurs, breaking down community barriers along the way.
- Almost 75% loan beneficiaries come from non-general category, a testament of the innate power of well-intended policy schemes to seed transformative changes.
- OBCs account for 44% of total disbursement, while SCs/STs account for 22%.
- 43% of the total beneficiaries are women.
- Female share indicates empowerment of ....
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