MoHUA Organised An Event To Celebrate Three Years Of SVANidhi

Prime Minster Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme has completed its 3 momentous years. On the occassion an event was organised at Vigyan Bhawan by the Ministry of Housing and Urban Affairs (MoHUA. Minister for Housing and Urban Affairs and Petroleum and Natural Gas Mr. Hardeep S. Puri attended the event and said that PM SVANidhi yojana is witnessing one of the fastest roll-outs of government schemes. The minister also pointed out that this gonna 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.

Let it be noted that PM SVANidhi Scheme was launched on 01 June, 2020, aiming to restore Swarozgar, Svavlamban, Swabhimaan (Self Employment, Self-Sustenance, and Self-Confidence) within street vendors. It 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 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.

Mr. Puri also interacted with beneficiary Street Vendors of PM SVANidhi scheme and was apprised with the changes which the scheme has brought in their lives. He expressed his gratitude to all the stakeholders, including Central Ministries and State Governments, Urban Local Bodies, Lending Institutions, and partners for their enormous support and contribution to the success of the scheme.