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Chamoli Youth Turn Self-Reliant as PM SVANidhi Transforms Street Vendors' Lives

The PM SVANidhi scheme is creating a significant positive impact in Uttarakhand's Chamoli district by empowering street vendors with financial assistance. Beneficiaries like Mahfuz Alam have utilized loans to grow their businesses, moving from an initial Rs 10,000 to receiving Rs 50,000. The scheme, launched to counter pandemic setbacks, is fostering self-reliance and improving family livelihoods. Local youth are leveraging this government initiative to launch or refurbish their enterprises, contributing to the vision of a developed India.

Key Points: PM SVANidhi Scheme Empowers Chamoli Youth, Street Vendors

  • Financial support for street vendors
  • Business revival post-pandemic
  • Loans up to Rs 50,000
  • Path to self-reliance
2 min read

U'khand: Chamoli youth turning self-reliant, PM SVANidhi brings drastic change in lives of street vendors

PM SVANidhi scheme brings financial independence to street vendors in Uttarakhand's Chamoli, enabling self-employment and business growth.

"This scheme is not only increasing employment opportunities but also enabling people to become self-reliant. - Mahfuz Alam"

Chamoli, Jan 20

PM SVANidhi scheme is bringing a significant turnaround in the lives of the people, particularly street vendors, by enabling them to become self-dependent.

In Uttarakhand's Chamoli, a border district of the hill state, hundreds and thousands of people have subscribed to the scheme, started by Prime Minister Narendra Modi, and are today harnessing their potential to lead their lives on their own.

Having gained monetary assistance under the public welfare scheme, they are either launching or refurbishing their enterprise and contributing to their share of 'atmanirbharta' in the 'Viksit Bharat' dream.

The PM SVANidhi scheme was launched to provide financial support to street vendors and hawkers, enabling them to either relaunch or expand their small businesses, hit by the 2020 Covid-19 pandemic.

Mahtab Ali and Mahfuz Alam from the Gauchar area of Chamoli, who are successful beneficiaries of the scheme, shared their story of transformation.

Mahfuz Alam, running a vegetable shop in the main market of Gauchar, said that he is earning a good income.

He said that after learning about the scheme, he visited the Gauchar Municipal Council office, submitted necessary documents, and availed the benefits of the scheme, after which his business has been continuously growing.

Mahfuz Alam told IANS that he initially received a loan of Rs 10,000 under the PM SVANidhi scheme.

After repaying the installments on time, he received a second loan of Rs 20,000, and now he has also received a loan of Rs 50,000.

He also said that the PM SVANidhi scheme is extremely beneficial for youth and small traders.

This scheme is not only increasing employment opportunities but also enabling people to become self-reliant and improve their families' livelihoods.

He also expressed gratitude to the Centre and appealed to everyone to take maximum advantage of the government-run schemes and turn to self-employment.

- IANS

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Reader Comments

P
Priya S
Heartwarming story. My uncle in Dehradun also got help from PM SVANidhi for his tea stall. It's not just about the loan, it's about the dignity and confidence it gives to small entrepreneurs. More power to them!
R
Rohit P
Good initiative, but the real test is in the implementation. Hope the process is as smooth in other districts as it seems in Gauchar. Sometimes the paperwork and bank coordination can be a nightmare for common people.
S
Sarah B
As someone who has visited Uttarakhand, the resilience of the people in the hills is incredible. Schemes like these that provide a hand-up, not a handout, are crucial. Self-reliance is the best form of development.
V
Vikram M
From 10k to 50k loan! That's a fantastic progression model. It rewards timely repayment and responsible business growth. This is how you build creditworthiness at the grassroots level. Bahut badhiya!
K
Karthik V
Important to remember these are our border areas. When youth in places like Chamoli become self-reliant, it strengthens the entire nation's security and economy. Jai Hind!

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