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Ministry of Housing and Urban Affairs launched a programme of Socio-Economic Profiling of PM SVANidhi beneficiaries and their families , as an additional component of PM SVANidhi Scheme

Highlights of the Project

• Under this, a complete profile of each PM SVANidhi beneficiary and their family members will be prepared.
  
• Based on the profiled data, benefits of the various eligible Central Schemes would be extended to them for their holistic socio-economic upliftment.
  
• It is seen as an instrument for outreach to street vendors and their families for their holistic development and socio-economic upliftment.
  
• In the first phase, 125 cities have been selected for the programme. 

PM SVANidhi

The scheme is a Central Sector Scheme i.e. fully funded by Ministry of Housing and Urban Affairs .

Objectives

• To facilitate working capital loan up to `10,000;
• To incentivize regular repayment; and
• To reward digital transactions

The scheme will help formalize the street vendors with above objectives and will open up new opportunities to this sector to move up the economic ladder.

Source: PIB