Sign In
Learn bits
Schemes & Policies
Admin

12/12/20 10:55 AM IST

Socio-Economic Profiling

In news

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

More Related Current Affairs View All

19 Sep

Cabinet clears development of Next Generation of satellite Launch Vehicle

'The Union Cabinet, led by Prime Minister Narendra Modi, has approved the development of the Next Generation Launch Vehicle (NGLV).' The NGLV is set to significantly enhance Ind

Read More

19 Sep

Cabinet approves Pradhan Mantri Janjatiya Unnat Gram Abhiyan

'The Union Cabinet recently approved a package that will provide up to ?5 lakh each to tribal households and villages across the country.' The new package also aims to give an i

Read More

19 Sep

‘Bio-RIDE’ scheme

'The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved continuation of the two umbrella schemes of Department of Biotechnology (DBT),' Merged as

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps