Ministry of Housing and Urban Affairs
The Prime Minister recently praised the success of PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Yojana for empowering street vendors. It is a central-sector micro-credit scheme launched on 1st June 2020 by the Ministry of Housing and Urban Affairs (MoHUA). The scheme provides affordable working capital loans to street vendors affected by the Covid-19 pandemic. It is implemented by the Small Industries Development Bank of India (SIDBI). Vendors can avail loans up to Rs. 10,000, repayable in one year through monthly installments.
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