Under the scheme, street vendors of urban areas get collateral-free loan of up to Rs 10,000 for a period of one year
PM Narendra Modi interacted with the beneficiaries of PM Street Vendors' Aatmanirbhar Nidhi scheme from Madhya Pradesh and stressed on the use earthen pitchers
Prime Minister Narendra Modi will interact with beneficiaries of the PM Street Vendors' Aatmanirbhar Nidhi (PM SVANidhi) scheme from Madhya Pradesh, the Prime Minister's Office said in a statement
Banks in Madhya Pradesh are scrambling to boost lending to street vendors in a bid to bolster numbers ahead of a visit this week by Prime Minister Narendra Modi
The government also directed all District Magistrates to take stringent action against those who do not follow norms issued by the Union Health Ministry
The PM expressed satisfaction on the use of end-to-end IT solution through a web-portal and mobile application for administration of the scheme to ensure transparency, accountability, speed
The court last month asked the government to clarify its position on the issue and said the government could consider framing a policy
Only a clear set of instructions and an unambiguous whip to police and municipal officials can prevent harassment of street hawkers
Thirty-four senior bureaucrats have been made nodal officers to assist states and supervise the implementation of Prime Minister Street Vendor's Atma Nirbhar Nidhi scheme in the country, officials said on Thursday. The scheme, to be implemented from July 1, is aimed at providing affordable loans to street vendors to resume their livelihoods that had been hit due to lockdown. Under the scheme, vendors can avail a working capital of up to Rs 10,000, repayable in monthly instalments in one year. On timely/early repayment of the loan, an interest subsidy @7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer on six-monthly basis. "The nodal officers will be responsible for supervising the implementation of the scheme and also assist states in resolving issues that may arise," a Personnel Ministry order said. The Ministry of Housing and Urban Affairs will provide the charter of duties of the nodal officers, contact details of stakeholders in
Li Keqiang openly addressed employment concerns and praised street vendors for creating jobs
Mr Javadekar said MSMEs are the backbone of India's economy and therefore the Cabinet has made a road map for implementation of decisions for the MSME sector
Because of lockdown, most street vendors were not able to earn anything and had to borrow money for survival. Not many will be able to repay the loans offered by the govt, vendors say
A majority of street vendors, due to closure of their business, do not have the liquidity to pay back a loan.
Under the Atmanirbhar Gujarat Sahay Yojana scheme, the loan will be available via written application at co-operative banks, district banks and credit co-operative societies
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Local authorities treat the street vendors like they're doing them a favour