Union Minister Hardeep Singh Puri launches SVANidhi Mahotsav

Jul 12,2022

Housing and Urban Affairs Minister Hardeep Singh Puri today launched ‘SVANidhi Mahotsav which is a cultural festival for celebrating the success of PM SVANidhi Scheme. Ministry of Housing and Urban Affairs is organizing ‘SVANidhi Mahotsav’ from 9th to 31st of this month. It is being held in 75 cities across 33 States and Union Territories. The Mahotsav will showcase a series of activities like Cultural activities,Digital transaction training, Loan fair,Felicitation ceremony for distinguished street vendors,Experience Sharing Nukkad nataks to propagate the features and benefits of the Scheme.

Addressing media in New Delhi, Puri said that SVANidhi Mahotsav is a festival for celebrating and beneficiary street vendor’s growth story and their contribution towards Indian economy. He said, the festival aims at celebrating 75 years of India’s independence with these nano-entrepreneurs, honoring their journey under PM SVANidhi scheme for demonstrating credit discipline, digital behavior and displaying their astute business acumen. The Minister further said this scheme is the first comprehensive effort for financial inclusion of the street vendors. Under the scheme around 3 thousand 6 hundred crore rupees has been disbursed to the beneficiaries.

Prime Minister Street Vendors AtmaNirbhar Nidhi – PM SVANidhi scheme was launched on 1st of June 2020 to facilitate working capital loans to street vendors to help them restart their businesses which were adversely impacted due to the lockdown imposed during COVID-19 pandemic.