Chandigarh, July 1:- Sh. V.P. Singh Badnore, Governor, Punjab and Administrator U.T., Chandigarh today launched PM Street Vendors AtmaNirbharNidhi (PM SVANidhi) Scheme at Raj Bhawan for street vendors in Chandigarh in the presence of Sh. Manoj Kumar Parida, I.A.S., Adviser to the Administrator, U.T. Chandigarh, Smt. Raj Bala Malik, Mayor, Chandigarh, Sh. Arun Kumar Gupta, IAS, Principal Secretary Home and Local Government, Sh. Ajoy Kumar Sinha, Secretary Finance and Sh. K.K. Yadav, I.A.S., Commissioner, Municipal Corporation, Chandigarh.
Sh. K.K. Yadav, I.A.S.,Commissioner, Municipal Corporation, Chandigarh briefed that the salient features of the PM SVANidhi Scheme, which are initial working capital loan uptoRs.10,000/- ; interest subsidy on timely early repayment @7%; monthly, cash-back incentive on digital transactions; higher loan eligibility on timely repayment of the first loan.
In addition, Municipal Corporation, Chandigarh will establish a separate window by deputing Community Organizers in vending zones, organize community camps and distribute I.E.C. material for extending the benefits of PM Street Vendors AtmaNirbharNidhi (PM SVANidhi) to street vendors identified by the corpration.
However, at national level Sh. DurgaShanker Mishra, Secretary, Ministry of Housing and Urban Affairs has launched the beta version webportal ofthe PM Street Vendors AtmaNirbharNidhi (PM SVANidhi), a Special Micro-Credit Facility Scheme for providing affordable loan to street vendors to resume their livelihoods affected due to COVID-19 lockdown.
The COVID 19 pandemic and consequent lockdowns have adversely impacted the livelihoods of street vendors. They usually work with a small capital basis, which they might have consumed during the lockdown. To overcome their plight, Central Government has facilitated street vendors to access affordable working capital loan resuming their livelihoods activities, after easing of lockdown under a new scheme which is being floated by the Ministry of Housing and Urban Affairs (MOHUA).
Sh. Anil Kumar Garg, P.C.S., Additional Commissioner, MCC-cum-Nodal Officer (DAY-NULM) and Sh. Vivek Trivedi, Social Development Officer, DAY-NULM, MCC were also present on this occasion.