Posted inRankings of India
PM SVANidhi Scheme: Transforming Urban Street Vendor Empowerment
Launched on June 1, 2020, the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme has become a catalyst for change in India's urban street vendor landscape. Designed to provide collateral-free working capital loans to this often marginalized community, it has made significant strides in gender equality and socio-economic transformation. A recent report by the State Bank of India's economic research department (ERD) sheds light on the profound impact of this scheme.