The post lockdown phase hasn’t been all that kind towards business, across the globe. However, with people being restricted to go out without an iron-clad reason and proliferation on online grocery stores, street vendors have had to face the scourge of this massive threat.
However, way back in 2020, the Indian Government quickly ascertained the issues encountered by these vendors and launched the credible ‘Atmanirbhar Nidhi Scheme’ or the PM SVANidhi policy to help these sellers acquire some working capital to redeem their business.
More about the PM SVANidhi Lending Scheme
Before you delve deeper into this discussion, you must know that, unlike a subsidy, this scheme aims at providing a credit value of up to Rs. 10,000. However, unlike a personal or even a business loan, the SVANidhi loan comes at a subsidized interest rate, aimed at incentivizing procurement. Plus, the scheme has a two-pronged target, which includes vendor …