PM SVANidhi a livelihood scheme for street vendors in India: An evolution
By: Pareek, Animesh and Alok, V.N
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Material type: 
BookPublisher: Nagarlok: Quarterly Journal of Urban Affairs Description: 56(1), Mar, 2024: p.26-43.Subject(s): Street vendors, Urban informal employment, PM SVANidhi, Micro-credit scheme, COVID-19 relief, Ministry of Housing and Urban Affairs, Livelihood restoration, Financial inclusion, Urban economy, Collateral-free loans, Vendor stimulus package, Informal sector support, Pandemic recovery, Urban livelihoods, Government schemes India
In:
Nagarlok: Quarterly Journal of Urban AffairsSummary: In India, there are about ten million street vendors accounting for 14 per cent of the total urban informal employment. For them, a central sector scheme titled “PM street vendors’ Aatm Nirbhar Nidhi” (PM SVANidhi) was launched in June 2020 by the ministry of housing and urban affairs (MoHUA). This becomes necessary particularly during he medical emergency due to Covid-19. Initially, Rs. Fifty billion was earmarked as a stimulus package for nearly five million vendors which means Rs. Ten Thousand were given as these, special micro-credit facility to street vendors has been extended in the second and third year till December 2024. – Reproduced
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Articles
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Indian Institute of Public Administration | 56(1), Mar, 2024: p.26-43 | Available | AR132727 |
In India, there are about ten million street vendors accounting for 14 per cent of the total urban informal employment. For them, a central sector scheme titled “PM street vendors’ Aatm Nirbhar Nidhi” (PM SVANidhi) was launched in June 2020 by the ministry of housing and urban affairs (MoHUA). This becomes necessary particularly during he medical emergency due to Covid-19. Initially, Rs. Fifty billion was earmarked as a stimulus package for nearly five million vendors which means Rs. Ten Thousand were given as these, special micro-credit facility to street vendors has been extended in the second and third year till December 2024. – Reproduced
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