PM SVANidhi scheme: A thousand hurdles for a Rs 10K loan to street vendors

Implementation of the PM SVANidhi scheme, meant to help street vendors, has been erratic with banks

Topics
Street vendors | scheme | Bank loans

Geetika Srivastava  |  New Delhi 

Several months since the government announced the launch of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme, street vendors continue to face various hurdles when it comes to its implementation. The scheme envisages granting collateral-free loans of up to Rs 10,000 to street vendors across the country, with minimum documentation, in a bid to relieve them and their businesses from lockdown-induced stress.

It’s been a bumpy road. Since the scheme was launched, street vendors, with the help of the National Association of Street Vendors of India (NASVI), have ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, December 23 2020. 06:05 IST
RECOMMENDED FOR YOU
.