Current Summary
The Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme is providing collateral-free, phased loans to street vendors, cart operators and small shopkeepers in Uttarakhand's border district of Chamoli, according to IANS. Shiv Prasad Maithani, a resident of Gauchar in Chamoli, said he learned of the scheme through the local municipal body and received an initial loan of Rs 10,000, which he used to start a vegetable vending business with a handcart. After repaying it on time, he became eligible for a second loan of Rs 20,000, and later a third loan of Rs 50,000, which he used to expand his vegetable business and improve his earnings. Maithani said the scheme provided crucial financial support at a time when arranging funds for a small business was difficult.
What We Know
- PM SVANidhi provides collateral-free loans in phases to street vendors, cart operators and small shopkeepers.
- Beneficiary Shiv Prasad Maithani of Gauchar, Chamoli, received loans of Rs 10,000, then Rs 20,000, then Rs 50,000 after timely repayments.
- He used the loans to start and expand a vegetable vending business with a handcart.
What Is Still Unclear
- Total number of PM SVANidhi beneficiaries in Chamoli district.
- Overall loan disbursement figures for the district or state.
What Changed
- 19 Oct, 06:41 pmSignal detected: PM SVANidhi Loans Help Street Vendors in Chamoli Grow Small Businesses