Context Main Bhi Digital 3.0″ campaign launched which is aimed at digital onboarding of Street Vendors who are provided loans under PM SVANidhi Scheme.
Key takeaways
Digital onboarding and training of Street Vendors (SVs) is an integral part of PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme.
Lending Institutions (LIs) have been instructed to issue a durable QR Code & UPI ID at the time of disbursement and train the beneficiaries in conduct of digital transactions.
Jointly launched by: Ministry of Housing & Urban Affairs (MoHUA) and Ministry of Electronics & Information Technology (MeitY)
PM SVANidhi Scheme is available to all street vendors across the country.
What is the scheme all about?
It is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 with low rates of interest for a period of one year.
The scheme is a part of the AtmaNirbhar Bharat package.
