What is ‘SVANidhi se Samriddhi’ and why has it been extended to additional 126 cities across 14 States/ UTs?

SVANidhi se Samriddhi scheme aims at providing an affordable working capital loan to the street vendors. After the success of Phase 1 of the program, it has now been extended to 126 cities across India. 

Created On: Apr 14, 2022 12:13 IST
SVANidhi se Samriddhi Scheme
SVANidhi se Samriddhi Scheme

SVANidhi se Samriddhi program has been launched by the Ministry of Housing and Urban Affairs in additional 126 cities across 14 states and Union Territories. SVANidhi se Samriddhi scheme aims at providing an affordable working capital loan to the street vendors. After the success of SVANidhi se Samriddhi Scheme phase 1, the Ministry has decided to launch the program expansion to additional 126 cities in India. According to the official statement, the remaining cities will also be gradually added to the government’s program.

What is SVANidhi se Samriddhi Scheme?

SVANidhi se Samrisshi Scheme was launched by the Ministry of Housing and Urban Affairs on January 4, 2021, in 125 cities all over the country in Phase 1. The scheme covered approximately 35 lakh street vendors as well as their families.

Under SVANishi se Samriddhi Scheme 22.5 lakh schemes sanctions have also been extended to the street vendors including 16 lakh insurance benefits under Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeeban Jyoti Yojana as well as 2.7 lakh pension benefits under Pradhan Mantri Shram Yogi Maandhan Yojana, among other benefits.

SVANidhi se Samriddhi Scheme: Why the scheme has been extended to 126 cities?

After the success of SVANidhi se Samriddhi scheme phase 1, the Ministry of Housing and Urban Affairs has decided to expand the scheme to additional 126 cities to cover 28 lakh street vendors and their families along with a total target of 20 lakh scheme sanctions for the Financial Year 2022-23.

SVANidhi se Samriddhi Scheme will also be extended gradually to the remaining cities of the country.

PM SVANidhi Scheme: All you need to know

Prime Minister Street Vendors Atmanirbhar Nidhi (PM SVANidhi) Scheme is a central scheme that has been implemented by the Government of India since June 1, 2020. The Government’s scheme aims at providing an affordable working capital loan to the street vendors and the scheme has also successfully crossed the 30 lakh mark.

Significance-

PM SVANidhi Scheme aims to not only extend loans to the street vendors but also aims to work for their holistic development as well as economic upliftment.

PM SVANidhi: List of Schemes under PM SVANidhi Program

S. No.

Schemes under PM-SVANidhi

1.

Pradhan Mantri Jeevan Jyoti Bima Yojana

2.

PM Suraksha Bima Yojana

3.

Pradhan Mantri Jan Dhan Yojana

4.

Registration under Building and other Constructions workers Act

5.

Pradhan Mantri Shram Yogi Maandhan Yojana

6.

National Food Security Act (NFSA) portability benefit- One Nation Once Card

7.

Janani Suraksha Yojana

8.

Pradhan Mantri Matru Vandana Yojana

 

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

AndroidIOS
Read the latest Current Affairs updates and download the Monthly Current Affairs PDF for UPSC, SSC, Banking and all Govt & State level Competitive exams here.
Comment (0)

Post Comment

2 + 0 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.

    Monthly Current Affairs PDF

    • Current Affairs PDF April 2022
    • Current Affairs PDF March 2022
    • Current Affairs PDF February 2022
    • Current Affairs PDF January 2022
    • Current Affairs PDF December 2021
    • Current Affairs PDF November 2021
    View all

    Monthly Current Affairs Quiz PDF

    • Current Affairs Quiz PDF April 2022
    • Current Affairs Quiz PDF March 2022
    • Current Affairs Quiz PDF February 2022
    • Current Affairs Quiz PDF January 2022
    • Current Affairs Quiz PDF December 2021
    • Current Affairs Quiz PDF November 2021
    View all