Page 32 - NIS English October 1-15

समाचार-सार
Helping Hand PM SVANidhi Scheme

STREET VENDORS GET A

HELPING HAND

Over a million vendors hit by COVID-19 to get financial support from

centre to rebuild their fragile micro-businesses

treet vendors have business. Pradhan Mantri epidemic, the poor are the
a crucial role to play SVANidhi Scheme has been worst affected. "The poor
Sin the informal urban launched on June 1, 2020, to have a crisis of employment,
economy but the lockdown pull them out of their distress. eatables, and also lose
due to the COVID-19 pandemic Prime Minister Narendra whatever savings he has
has adversely affected their Modi interacted with the made," the Prime Minister said,
livelihoods. Markets were street vendors from Madhya adding that street vendors
closed during the lockdown Pradesh on September 9, have suffered the most
forcing people to remain 2020, and said that whenever during this pandemic. So far,
indoors; as a result business there is a major crisis or an 11,12,189 applications under
of street vendor was hit the
hardest. The Government
realised that there was an One time financial support through soft credit
urgent need to provide credit & working capital will allow small businesses
for working capital to street to flourish. Already, 1.04 lakh street vendors
vendors to resume their benefited through loans

30 New India Samachar