PM SVANidhi stands for Prime Minister Street Vendor’s AtmaNirbhar Nidhi. It is a central sector scheme launched in 1st June 2020. PM SVANidhi is one of the important government schemes for the UPSC 2021 preparation.
Features of PM SVANidhi:
*PM SVANidhi Scheme will be implemented till March 2022.
*It will provide affordable working capital loans to street vendors.
*It is one of the central sector scheme.
*By the scheme A vendor has the high probability to be eligible for a higher loan if he/she repays the first loan on time.
*PM SVANidhi for both prelims and mains exam for UPSC 2021.
*Tenure of the scheme (PM SVANidhi)from June 2020 to March 2022.
*Aadhar Card and Voter Identity Card are the Mandatory Documents to Access this Benefits.
Lending Institutions under PM SVANidhi
1.Scheduled Commercial Banks
2.Non-Banking Financial Companies
3.Micro-Finance Institutions
4.Self Help Groups (SHG) Banks
5.Regional Rural Banks
6.Cooperative Banks
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