SVANidhi Yojana aim was to restore Swarozgar, Svavlamban, Swabhimaan (Self Employment)-Puri

New Delhi: When the Prime Minister launched the mission, he said that the aim of the SVANidhi Yojana was to restore Swarozgar, Svavlamban, Swabhimaan (Self Employment, Self-Sustenance, and Self-Confidence) within street vendors, Shri Hardeep S. Puri, Minister for Housing and Urban Affairs and Petroleum and Natural Gas complimented the Prime Minster Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme on its successful completion of 3 momentous years. The Minister stated that PM SVANidhi yojana is witnessing one of the fastest roll-outs of government schemes. He further stated that PM SVANidhi has led an unparalleled wave of financial inclusion and digital literacy in India’s cities and towns that has provided dignity and stability to Street Vendors.

PM SVANidhi Scheme launched on 01 June, 2020, aiming to restore Swarozgar, Svavlamban, Swabhimaan (Self Employment, Self-Sustenance, and Self-Confidence) within street vendors has become one of the fastest growing micro-credit schemes of the Government of India and has provided its citizens access to credit and linkages to social security schemes.

The Ministry of Housing and Urban Affairs (MoHUA) organised an event at Vigyan Bhawan to celebrate 3 years journey of PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Yojana, here today. The scheme has empowered COVID-19 affected street vendors to resume their livelihood. Not just that, it has achieved various milestones in financial inclusion and mainstreaming of street vendors. were highlighted. This scheme launched amidst the pandemic, has made significant contributions to the lives of street vendors across the country.

During the event, a booklet highlighting the noteworthy achievements and initiatives implemented under the PM SVANidhi scheme was released. The booklet provides insights into the various initiatives and reforms undertaken by the scheme to transform the lives of street vendors and their families throughout the country. The event was attended by Shri Manoj Joshi, Secretary, MoHUA; Sh. Rajeev Jain, Addl. DG (Media); Sh. Rahul Kapoor, Jt. Secretary & Mission Director; and senior officials from Central Government, State Governments, Banks, Digital Payment Aggregators, key partners and the PM SVANidhi beneficiary Street Vendors.

In addition, the Minister launched a PM SVANidhi mobile app for street vendors, to ease the loan application process and provide various information to Street Vendors regarding the Scheme. Moreover, a facility for ‘Udyam’ registration and obtaining ‘Udyam Assist’ certificate for Street Vendors on PM SVANidhi portal was also launched with the help of Ministry of Small and Medium enterprises, MSME, to provide easy access to vendors for obtaining Udyam Registration Certificate for promotion of their business.