■ PM SWANIDHI SCHEME :- The Ministry of Housing and Urban Affairs has launched a micro-credit facility for street vendors under the Swanidhi Scheme. □ ABOUT :- ◇ The Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi Scheme is aimed at benefiting over 50 lakh vendors who had their businesses operational on or before March 24. ◇ The scheme was announced by Finance Minister as a part of the economic package for those affected by the COVID-19 pandemic and lockdown. □ BENEFICIARIES ◇ This loan will be given to those who run shops on the roadside, handcart or streetcar. ◇ Fruit-vegetable, laundry, saloon and paan shops are also included in this category. □ FACILITIES PROVIDED :- ◇ The vendors will be able to apply for a working capital loan of up to ₹10,000, which is repayable in monthly installments within a year. ◇ On timely/early repayment of the loan, an interest subsidy of 7% per annum will be credited to the bank accounts of beneficiaries.
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