Chamoli, Jan 20 (IANS) PM SVANidhi (PM Street Vendor’s AtmaNirbhar Nidhi) scheme is bringing a significant turnaround in the lives of the people, particularly street vendors, by enabling them to become self-dependent. In Uttarakhand’s Chamoli, a border district of the hill state, hundreds and thousands of people have subscribed to the scheme, started by Prime Minister Narendra Modi, and are today harnessing their potential to lead their lives on their own.Having gained monetary assistance under …
Latest PM SVANidhi Scheme News & Updates
New Delhi, Jan 17 (IANS) The government reportedly plans to launch a microcredit programme in April 2026, offering collateral‑free loans of up to Rs 10,000 per annum to gig workers, domestic helpers, and other vulnerable groups.The Ministry of Housing and Urban Affairs is apparently designing the scheme on the lines of the PM Street Vendors Atma Nirbhar Nidhi (PM‑SVANidhi), which provides street vendors with small working‑capital loans, according to reports.Under PM‑SVANidhi, vendors rec…
New Delhi, Jan 13 (IANS) Inclusive finance has to be embedded in a broader ecosystem of health-care insurance and social security to protect lenders as well as borrowers, Chief Economic Advisor V. Anantha Nageswaran said on Tuesday.In his address at the Global Inclusive Finance Summit, Nageswaran said one of the main reasons why people default on the repayment of loans was unexpected events such as health-related shocks.”Even well-designed credit cannot do everything on its own. When illness str…
Dehradun, Dec 29 (IANS) The street vendors in Uttarakhand’s Chamoli district are writing new success stories, riding high on the monetary assistance provided by the Central government under the PM Street Vendors AtmaNirbhar Nidhi (PM SVANidhi scheme), five years ago. Many beneficiaries, sharing their tale of hardships and then the hard-earned success, are thanking Prime Minister Narendra Modi for launching a vendor-specific scheme, thereby effecting a 360-degree turnaround in their lives. Acco…
Chamoli, Dec 27 (IANS) Under the PM SVANidhi (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) scheme, people earning their livelihood by running street carts and roadside stalls in cities are being provided loans at affordable rates. This scheme has provided financial support to small traders. The scheme has proved beneficial for those who support their families by selling goods along roadsides in urban areas.This ambitious scheme of Prime Minister Narendra Modi has given millions of street …
New Delhi, Dec 23 (IANS) Union Minister of Commerce and Industry Piyush Goyal said that public sector banks (PSBs) have emerged as strong and competitive institutions, standing shoulder to shoulder with private and foreign banks in supporting India’s growth.Addressing the MSME Banking Excellence Awards here, Goyal highlighted the banking system’s role in extending timely, adequate credit to micro, small and medium enterprises (MSMEs), according to an official statement.The minister noted tha…