Had an interactive discussion with street vendors at the @NasviIndia Eastern & North Eastern Virtual Conference today. Street vendors constitute an important segment of the informal economy in cities & COVID-19 has given a major blow to their businesses.
In order to facilitate restart of their business MoHUA has launched #PMSVANidhi Scheme for collateral free micro-credit facility on June 1, 2020. It will benefit around 50 lakh Street Vendors from urban/ rural areas working in cities.
#PMSVANidhi is focussing on bringing these informal nano entrepreneurs into the mainstream digital economy by incentivising digital payments. They will be provided an enabling environment free from any kind of harassment.
I am happy to acknowledge contribution of organizations like NASVI and request them to provide technical support to State governments & ULB functionaries in supporting the cause of street vendors.
Every organ needs to contribute in transforming their lives and make them contributor of #AtmaNirbharBharat.
So far, we have received more than 8.30 lakh applications & more than 2.13 lakh have been sanctioned.
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