Union Minister Hardeep Singh Puri meets beneficiaries of PM SVANidhi scheme in Chandigarh

May 27, 2024

CHANDIGARH: Union Minister Hardeep Singh Puri on Monday met the beneficiaries of PM Street Vendor's AtmaNirbhar Nidhi scheme in Chandigarh and inquired them if they face any difficulties.

Ministry of Housing & Urban Affairs launched a scheme PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) to empower Street Vendors by extending loans to them.

The scheme intends to facilitate collateral-free working capital loans of up to INR10,000/- of one-year tenure, to approximately 50 lakh street vendors, to help resume their businesses in the urban areas, including surrounding peri-urban or rural areas.

During the COVID pandemic in India, many small vendors faced difficulties as their daily earnings were impacted. In response, the Prime Minister initiated the PM Street Vendor's AtmaNirbhar Nidhi, providing a Rs10,000 loan to small vendors to help them resume their businesses.

Several vendors, including two from Chandigarh, were advantaged by this program. Housing and Affairs Minister Hardeep Singh Puri met these vendors.

Both vendors expressed gratitude and thanked the Prime Minister for extending assistance during the COVID crisis, which helped them overcome significant challenges and rebuild their lives. They mentioned that they initially took a Rs10,000 loan, followed by a Rs 20,000 loan, and now they have applied for a Rs 50,000 loan, which they expect to be approved soon.

They expressed their sincere thanks to the Prime Minister for making their lives easier through these initiatives.

The Union Minister also engaged with the recipients, observed their businesses, conversed with them, and shared a meal.