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Ministry of Housing and urban Affairs (MoHUA) in collaboration with the Ministry of Electronics & Information Technology (MeitY) launched the pilot drive 'Main Bhi Digital 3.0'.

Details

• It is a special Campaign for Digital Onboarding and Training for street vendors under PM SVANidhi scheme across 223 cities in the country.
  
• The BharatPe, Mswipe, PhonePe, Paytm, Aceware are participating in this drive to issue UPI IDs, QR code and provide digital training.
  
• Digital Payment Aggregators will handhold the street vendors to bring about enhanced adoption of digital transactions and behaviour change. 
  
• To promote digital transactions instruction has been issued to the Lending Institutions to handover a durable QR Code and train the beneficiaries for conducting digital receipt and payment transactions within a week of disbursement.
• PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) was launched on June 1, 2020 as a Central Sector Scheme.
• The scheme facilitates affordable working capital loan of up to ₹10,000 with an interest subsidy @7% on regular repayment. 
• The street vendors are not required to pay any collateral for the loan.
• The scheme provides Graded Guarantee Cover, to Lending Institutions, on a portfolio basis. 
• An Integrated IT Platform has been developed to provide end-to-end solution for the paper less loan processing.
•  SIDBI has been appointed as the implementation agency for scheme administration.