NEWDELHI: Giving relief to one lakh street vendors, Prime Minister Narendra Modi on Wednesday announced that he will address beneficiaries of PM Svanidhi scheme in Jawaharlal Nehru Stadium in Delhi.
“Under the SVANidhi scheme, I will distribute loans under the scheme to one lakh street vendors,” PM Modi posted on ‘X’.
Guided by the vision of the Prime Minister to provide economic support to the marginalised sections,
PM SVANidhi was launched on 1st June 2020 amidst the global economic crisis caused by the pandemic.
It has proven to be transformative for the marginalised communities of street vendors.
Till now, more than 82 lakh loans, amounting to over Rs. 10,978 crore, have been disbursed to more than 62 lakh street vendors across the country.
Delhi alone has witnessed the distribution of nearly 2 lakh loans, amounting to Rs. 232 crores. The scheme continues to be a beacon of financial inclusion and holistic welfare for those who have been historically underserved.
