Business Standard

PM SVANidhi scheme: A thousand hurdles for a Rs 10K loan to street vendors

Implementation of the PM SVANidhi scheme, meant to help street vendors, has been erratic with banks

real estate, realty, construction, sales, people, flats, buildings, concrete, vendors, developers, builders
Premium

Despite the setting up of registration camps in largely urban areas, many vendors who migrated to their respective villages during the lockdown remain unaware

Geetika Srivastava New Delhi
Several months since the government announced the launch of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme, street vendors continue to face various hurdles when it comes to its implementation.

The scheme envisages granting collateral-free loans of up to Rs 10,000 to street vendors across the country, with minimum documentation, in a bid to relieve them and their businesses from lockdown-induced stress.

It’s been a bumpy road. Since the scheme was launched, street vendors, with the help of the National Association of Street Vendors of India (NASVI), have been putting out fires as and when they arise.

“Initially, the problem was with

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 23 2020 | 6:05 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com