SVANidhi se Samriddhi program

SVANidhi se Samriddhi program

Part of: GS-Prelims and GS-II – Policies and Interventions

About the Program:

• Provides social security benefits to street vendors for their holistic development and socio-economic upliftment
• Under the program, socio-economic profiling of PMSVANidhi beneficiaries and their families is conducted to assess their eligibility for 8 Government of India’s welfare schemes and facilitate sanctions of eligible schemes.
• Considering the success of Phase I, MoHUA launched the program expansion to additional 126 cities with an aim to cover 28 Lakh Street vendors and their families, with a total target of 20 Lakh scheme sanctions for FY 2022-23. 
• The program has two-fold achievements: 
  • One, a central database of Street vendors and their families is created on various socio-economic indicators. 
  • Second, a first of its kind inter-ministerial convergence platform is established between various Central Ministries to extend safety net of welfare schemes to street vendor households.

Prime Minister Street Vendors AtmaNirbhar Nidhi (PM SVANidhi)

• Implemented by: Ministry of Housing and Urban Affairs
• Objective: To provide affordable working capital loan up to 10 thousand rupees to Street Vendors for facilitating resumption of their livelihoods adversely affected by the COVID-19 pandemic.

News Source: PIB