PM SVANidhi: Credit for the Street

The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) provides micro-credit to street vendors impacted by the pandemic.

1. Credit Tranches

Credit Tranches

Cue Words	Notes
Analyze key facts and concepts related to Credit Tranches.	First Loan: up to Rs 10,000. Second Loan: up to Rs 20,000 on timely repayment of the first. Third Loan: up to Rs 50,000. Incentive: 7% "Interest Subvention" for early/timely repayment. Ministry: Ministry of Housing and Urban Affairs (MoHUA), launched June 2020, no collateral required. Eligibility: Vendors with a Certificate of Vending/ID Card from the ULB, or those identified in the ULB survey/left out of it, including vendors of surrounding rural/peri-urban areas vending in urban areas.

Cue Words

Notes

Analyze key facts and concepts related to Credit Tranches.

First Loan: up to Rs 10,000.
Second Loan: up to Rs 20,000 on timely repayment of the first.
Third Loan: up to Rs 50,000.
Incentive: 7% "Interest Subvention" for early/timely repayment.
Ministry: Ministry of Housing and Urban Affairs (MoHUA), launched June 2020, no collateral required.
Eligibility: Vendors with a Certificate of Vending/ID Card from the ULB, or those identified in the ULB survey/left out of it, including vendors of surrounding rural/peri-urban areas vending in urban areas.

Digital Empowerment

Cue Words	Notes
Analyze key facts and concepts related to Digital Empowerment.	Cashback: incentives for "Digital transactions" to bring vendors into the formal economy. SVAnidhi se Samriddhi: mapping vendors' families to other welfare schemes (Ujjwala/PM-JAY).

Conclusion

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Analyze key facts and concepts related to Conclusion.	Success lies in moving from "Moneylenders" to "Credit-Saturated & Digital-Verified Economic Saturation."