Subscribe to never miss an important update!

Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)

  • Context (PIB I BS): The Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme has achieved a milestone of extending support to more than 50 lakh street vendors.
  • PM SVANidhi is a Central Sector Scheme, i.e., fully funded by the Ministry of Housing and Urban Affairs (MoHUA).
  • The scheme has the following objectives:
    • To facilitate working capital loans up to Rs. 10,000
    • To incentivise regular repayment; and
    • To reward digital transactions
PM SVANidhi
  • The Scheme is available for beneficiaries belonging to only those States/UTs that have notified Rules and Scheme under the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014.
  • Vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly instalments in the tenure of one year.
  • On timely/early loan repayment, an interest subsidy @ 7% per annum will be credited to beneficiaries’ bank accounts through Direct Benefit Transfer every quarter.
  • There will be no penalty on early repayment of the loan.
  • The scheme promotes digital transactions through monthly cash-back of up to Rs. 100.
  • The vendors can avail the facility of escalation of the credit limit on timely/early repayment.
  • It is Implemented by the Small Industries Development Bank of India (SIDBI).

Small Industries Development Bank of India (SIDBI)

  • SIDBI is set by an Act of Parliament as the Principal Financial Institution for the Promotion, Financing and Development of the MSME sector or similar activities.
  • It is under the jurisdiction of the Ministry of Finance.
  • The SIDBI was established in 1990 by the GoI as a wholly-owned subsidiary of IDBI Bank.
  • It was delinked from IDBI w.e.f. March 27, 2000.
Sharing is Caring !!

Newsletter Updates

Subscribe to our newsletter and never miss an important update!

Assured Discounts on our New Products!

Leave a Reply

Your email address will not be published. Required fields are marked *

0

The downloads are available to only those members that have purchased:

Current Affairs for UPSC CSE 2024

OR

Current Affairs for UPSC 2025

Already purchased? Log in to download

Looks like you dont have any downloads yet! Subscribe!

Subscriber Discounts

Active Subscription

Renewal Discount

Discount on CA 2025

Discount on CA 2024

CA 2024

NA

NA

NA

CA 2023

NA

NA

NA

Geography

30%

NA

NA

Environment

NA

NA

Agriculture

NA

NA

Science

NA

NA

These discounts are auto-applied to the respective Product Price based on your active subscriptions.

Your Active Plans

Looks like you dont have any downloads yet! Subscribe!

Year(s) = Validity of the Downloads

The validity of the Current Affairs for UPSC 2025 is from July 2023 to December 2025 (30 months).

The validity of the Current Affairs for UPSC 2024 is from July 2023 to December 2024 (18 months).

For the rest of the products, the validity is as follows:

1 Year Validity == Validity of the Download links (both Static & the Subject Related Current Affairs) is 1 Year from the date of purchase.

2 Years Validity == Validity of the Download links (both Static & the Subject Related Current Affairs) is 2 Years from the date of purchase.

We strongly recommend a 2 Year Plan as the UPSC Cycle lasts for close to 2 Years.

For example,

If you purchase the notes with “Download Validity == 1 Year,” on 08/12/2023, then you will be able to download the Static & the Subject Related Current Affairs files till 08/12/2024.

If you purchase the notes with “Download Validity == 2 Years,” on 08/12/2023, then you will be able to download the Static & the Subject Related Current Affairs files till 09/12/2025.

If we bring out the Updated (New) Editions of the Static Files within your subscription period, you will be able to download them without paying anything extra.

Once the payment is made, you need to log in to the Downloads Page to download the files (check your email for the login details).

Newsletter

Never miss an important update!