The Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi), launched on June 1, 2020, has positively impacted the lives of many street vendors nationwide. In Faridabad and Karnal, Haryana, vendors shared their success stories amid the challenges of the pandemic. Rajesh Kumar, a Faridabad resident, highlighted how the scheme helped him recover from losses and improve his Chole-Bhature business.
The loan provided under PM SVANidhi enabled him to sustain and expand his business. Participating in FSSAI webinars, he learned about food safety and quality service, enhancing his practices. The scheme not only offered financial aid but also boosted his self-confidence for future growth.
Mandeep Taneja, a Karnal-based pizza stall owner, faced financial struggles until PM SVANidhi came to his rescue. With a collateral-free loan, he upgraded his equipment, leading to increased efficiency and family stability. Subsequent loan tranches further improved his business, allowing for better customer attraction and increased sales.
PM SVANidhi, a government initiative during the pandemic, supports street vendors with affordable capital and social protection. These success stories exemplify how the scheme is empowering vendors and small entrepreneurs nationwide.
