Housing and Urban Affairs Ministry launched ‘SVANidhi se Samriddhi’ program in additional 126 cities across 14 States and Union Territories on April 12. With the expansion of scheme, 28 lakh street vendors and their families will be benefited.
- The Ministry said, SVANidhi se Samriddhi, an additional program of PM-SVANidhi was launched in January 2022 in 125 cities in Phase one, covering approximately 35 lakh street vendors and their families.
- Considering the success of Phase one, the Housing and Urban Affairs Ministry has launched the program in additional cities with a total target of 20 lakh scheme sanctions for this fiscal year.
- MoHUA has been implementing Prime Minister Street Vendors AtmaNirbhar Nidhi (PM SVANidhi), a Central Sector Scheme since 1st June 2020.
- The scheme aims to provide an affordable working capital loan to Street Vendors and has successfully crossed the 30 Lakh mark.
- Under the program, socio-economic profiling of PMSVANidhi beneficiaries and their families is conducted to assess their eligibility for 8 Government of India’s welfare schemes and facilitate sanctions of eligible schemes.
- These schemes include Pradhan Mantri Jeevan Jyoti Bima Yojana, PM Suraksha Bima Yojana, Pradhan Mantri Jan Dhan Yojana, Registration under Building and other Constructions Workers (Regulation of Employment and Conditions of Service) Act (BOCW), Pradhan Mantri Shram Yogi Maandhan Yojana, National Food Security Act (NFSA) portability benefit – One Nation One Ration Card (ONORC), Janani Suraksha Yojana, and Pradhan Mantri Matru Vandana Yojana (PMMVY). Quality Council of India (QCI) is the implementing partner for the programme.
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