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Key Points

The PM SVANidhi scheme has transformed lives in Chamoli district where over 600 street vendors have received financial support. These affordable loans have helped small businesses recover from pandemic losses and expand their operations. Beneficiaries like Shanti Prasad Nautiyal credit the scheme with reviving their livelihoods after difficult lockdown periods. The initiative continues to promote financial inclusion among India's most vulnerable street vendors.

Key Points: PM SVANidhi Scheme Empowers 600 Street Vendors in Chamoli Uttarakhand

  • PM SVANidhi provides affordable loans to street vendors nationwide
  • Over 600 beneficiaries in remote Chamoli district improved economic conditions
  • Scheme specifically helped vendors recover from COVID-19 pandemic impacts
  • Municipal authorities identified eligible vendors for financial assistance
2 min read

PM SVANidhi scheme empowers street vendors in Chamoli; over 600 beneficiaries improve livelihoods

Over 600 street vendors in Chamoli district have improved livelihoods through PM Modi's SVANidhi scheme, receiving affordable loans to restart businesses post-pandemic.

"The loan helped me revive my street vending business after lockdown - Shanti Prasad Nautiyal"

Chamoli

, Aug 25 (IANS) Under the Prime Minister’s Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme, affordable loans are provided to street vendors and small traders in cities to help them restart and expand their businesses. This initiative has greatly benefited those who earn their livelihood by selling goods on sidewalks and streets.

Even in the remote district of Chamoli, Uttarakhand, more than 600 people have availed of this scheme, leading to significant improvements in their economic conditions.

Prime Minister Narendra Modi launched the PM SVANidhi Scheme to support millions of small vendors and street sellers across the country by providing easy access to credit.

The scheme aims to boost their businesses and improve their quality of life.

Beneficiaries from the border district of Chamoli say they have particularly benefited from this scheme in the aftermath of the Covid-19 pandemic.

The municipal authorities identified eligible vendors and helped them avail the scheme’s benefits. As a result, their financial conditions have improved, and they are now earning a good income.

Shanti Prasad Nautiyal, a beneficiary, shared that the loan helped him revive his street vending business, which had suffered during the lockdown. He expressed gratitude to the Central Government for understanding the challenges faced by the poor and providing timely assistance to help them become economically stronger.

Dhani Ram, another beneficiary, echoed similar sentiments, saying the scheme brought a new ray of hope during difficult times and enabled him to stabilise his livelihood.

Baijayanti Devi, also benefiting from the scheme, said that the government’s support has been crucial in helping her sustain and grow her small business, allowing her to provide better for her family.

The PM SVANidhi Scheme continues to empower small vendors and street sellers in Chamoli and across India, promoting financial inclusion and self-reliance among some of the most vulnerable sections of society.

- IANS

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Reader Comments

P
Priya S
My uncle in Dehradun also got help from PM SVANidhi. He was able to buy a proper cart instead of selling from a mat on the ground. These small changes make big differences in people's lives.
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Aman W
While the scheme is good, implementation needs to be monitored properly. In our area, many genuine vendors were left out due to documentation issues. Hope the government improves the application process.
S
Sarah B
As someone who works in microfinance, I can see how transformative these small loans can be. The interest rates are reasonable and the repayment terms are vendor-friendly. Great financial inclusion effort!
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Vikram M
Uttarakhand's street vendors serve both locals and tourists. Supporting them means supporting our local economy and preserving our cultural street food traditions. Jai Hind! 🇮🇳
D
Dhani Ram
As a beneficiary mentioned in the article, I can confirm this scheme changed my life. Was able to buy better quality vegetables and a proper weighing scale. Now earning 40% more than pre-pandemic times.

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