Coronavirus – Economic Issues

[pib] SVANidhi se Samriddhi Program


From UPSC perspective, the following things are important :

Prelims level : SVANidhi se Samriddhi Program

Mains level : Atmanirbhar package

The Ministry of Housing and Urban Affairs (MoHUA) has launched ‘SVANidhi se Samriddhi’ program in additional 126 cities across 14 States/ UTs.

About PM SVANidhi Scheme

  • The Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi Scheme is aimed at benefiting over 50 lakh vendors who had their businesses operational on or before March 24 2020.
  • It is a Central Sector Scheme.
  • The scheme was announced by Finance Minister as a part of the economic package for those affected by the COVID-19 pandemic and lockdown.
  • The loans are meant to help kick-start activity for vendors who have been left without any income since the lockdown was implemented on March 25.
  • The scheme was valid until March 2022.

What is SVANidhi se Samriddhi Program?

  • SVANidhi se Samriddhi program was started to provide social security benefits to street vendors for their holistic development and socio-economic upliftment.
  • Quality Council of India (QCI) is the implementing partner for the programme.
  • Under the program, socio-economic profiling of PMSVANidhi beneficiaries and their families is conducted to assess their eligibility for 8 Government of India’s welfare schemes and facilitate sanctions of eligible schemes.

These schemes include:

  1. Pradhan Mantri Jeevan Jyoti Bima Yojana,
  2. PM Suraksha Bima Yojana,
  3. Pradhan Mantri Jan Dhan Yojana,
  4. Registration under Building and other Constructions Workers (Regulation of Employment and Conditions of Service) Act (BOCW),
  5. Pradhan Mantri Shram Yogi Maandhan Yojana,
  6. National Food Security Act (NFSA) portability benefit – One Nation One Ration Card (ONORC),
  7. Janani Suraksha Yojana, and
  8. Pradhan Mantri Matru Vandana Yojana (PMMVY).


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