Centre launches scheme for street vendors to get loans of up to ₹10,0001 min read 01 Jun 2020, 06:33 PM IST
The scheme was announced by finance minister Nirmala Sitharaman on 14 May to enable street vendors to resume their livelihoods, which have been hit hard due to the national lockdown
The Ministry of Housing and Urban Affairs on Monday launched PM Svanidhi, or Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi scheme, which is a special micro-credit facility plan to provide affordable loan of up to ₹10,000 to more than 50 lakh street vendors, who had their businesses operational on or before 24 March. The the scheme is valid until March 2022.
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