PM SVANidhi

Street vendors represent a very important constituent of the urban informal economy and play a significant role in ensuring the availability of goods and services at affordable rates at the doorstep of the city dwellers. The COVID-19 and consequent lockdowns adversely impacted the livelihoods of street vendors. Therefore, the Central Government launched the PM SVANidhi Yojana on 1st June 2020 with the objective of providing an affordable working capital loan to the Street Vendors to resume their businesses which had been adversely impacted due to the pandemic.