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Economy, Schemes & Policies
Mahesh

13/04/22 15:44 PM IST

SVANidhi se Samriddhi

In News 
  • Shri Manoj Joshi, Secretary, Ministry of Housing and Urban Affairs (MoHUA) today launched ‘SVANidhi se Samriddhi’ program in additional 126 cities across 14 States/ UTs.
PMSVANIDHI  programme
  • SVANidhi se Samriddhi’, an additional program of PMSVANidhi was launched on 4th January 2021 in 125 cities in Phase 1, covering approximately 35 Lakh Street vendors and their families.
  • MoHUA has been implementing Prime Minister Street Vendors AtmaNirbhar Nidhi (PM SVANidhi), a Central Sector Scheme since 1st June 2020.
  • The scheme aims to provide an affordable working capital loan to Street Vendors and has successfully crossed the 30 Lakh mark.
  • Aim- to not only extend loans to street vendors, but also aims for their holistic development and economic upliftment.
  • Keeping this in mind, ‘‘SVANidhi se Samriddhi’ program was started to provide social security benefits to street vendors for their holistic development and socio-economic upliftment.

Benefits 
  • The program was successful in providing social security benefits to the street vendor families and thereby protecting them from any risks and vulnerabilities of life and livelihoods. 
  • The program has two-fold achievements: one, a central database of Street vendors and their families is created on various socio-economic indicators.
  • Second, a first of its kind inter-ministerial convergence platform is established between various Central Ministries to extend safety net of welfare schemes to street vendor households.

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