Delighted to witness signing of Memorandum of Understanding between my Ministry and @sidbiofficial. SIDBI is implementation Agency for PM Street Vendor’s AtmaNirbhar Nidhi (#PMSVANidhi) - a Scheme for Micro-Credit Facility for the Street Vendors. 
SIDBI will manage credit guarantees to lending institutions through Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). An IT platform & Mobile App is being developed by SIDBI for end-to-end solution, documentation of processes & workflow.
This will ensure engagement and information flow between Urban Local Bodies (ULBs), Lending Institutions, Digital Payment Aggregators and other stakeholders. It will leverage the network of lending Institutions for the effective implementation of the Scheme.
With a view to ensure effective implementation, SIDBI shall also provide a Project Management Unit (PMU), comprising domain experts in training/ capacity building, project & platform mana& MFI sectors etc., upto March 2022, till the implementation period of #PMSVANidhi.
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