SVANidhi Yojana Has Created Self-Employment: Shah

The government has made arrangements for small hawkers to get loans without any guarantee under the scheme

Union Minister for Home Affairs and Cooperation, Amit Shah meets the beneficiaries of PM- SVANidi yojana and their families in Gujarat

FinTech BizNews Service

Mumbai, December 25, 2023: Amit Shah addressed beneficiaries of the PM SVANidhi scheme during an event held by Ahmedabad Municipal Corporation on Sunday. Speaking at the event, he said the SVANidhi Yojana has helped in creating self-employment followed by self-reliance among the people of the country. Prime Minister Street Vendor's AtmaNirbharNidhi (PM SVANidhi) Scheme, is a micro-credit scheme for urban street vendors that aims to provide collateral-free loans up to 50,000 ruees in incremental tranches.

The Minster said that the government has made arrangements for small hawkers to get loans without any guarantee under the scheme.  

Earlier in the day, Mr Shah inaugurated the Pansar Lake and launched development projects worth nearly 3 crore 59 lakh rupees in Pansar village of Kalol block of Gandhinagar district in Gujarat and also unveiled the statue of Sardar Vallabhbhai Patel in Gandhi Nagar.