The government is taking people-friendly steps to make every citizen empowered and self-reliant. Its efforts are aimed at inclusive development in which even the people at the fringes of society are able to get the benefits of the government's schemes. Now with an emphasis on 'Sabka Saath-Sabka Vikas, Sabka Vishwas-Sabka Prayas', plans are not only being made for every section but also it is being implemented by connecting with technology to reach the marginalized people. One such scheme is PM Svanidhi, which is making the poor strong and prosperous by promoting economic inclusion
SVANIDHI SE SAMRIDDHI
- The objective of PM SVANIDHI is to provide the facility of guaranteed free capital loans at low-interest rates and easy terms to those selling goods on the sidewalks during the Covid-19 pandemic to restart their lives.
- For the first time, a loan of Rs 10,000 is given. On timely repayment of this loan, 20 thousand rupees are given in the second installment and 50 thousand rupees in the third installment.
- The incentive is given in the form of an interest subsidy at the rate of 7% per annum every 3 months.
- To encourage digital transactions, cashback of up to Rs 100 monthly and up to Rs 1,200 is given annually
THE BENEFIT IS REACHING THE LAST MILE THROUGH 'SVANIDHI SE SAMRIDDHI'
- Under it, socio-economic profiling is done for the beneficiary of PM Svanidhi and his family keeping in mind the 8 welfare schemes of the Government of India to assess the eligibility and approve the schemes to the eligible persons. About 35 lakh street vendors and their families have been covered in this program.
- The Ministry of Housing and Urban Affairs launched the program 'Svanidhi Se Samridhi' under PM Svanidhi Yojana in 125 selected Urban Local Bodies (ULBs) on January 4, 2021.
- The 'Svanidhi Se Samridhi' scheme provides social security benefits for all-around development and socio-economic upliftment of the street vendors. 16 lakh insurance benefits under Pradhanmantri Suraksha Bima Yojna,
- Pradhan Mantri Jeevan Jyoti Yojana, 2.7 Lakh pension benefits under Pradhan Mantri Shram YogiMaandhan Yojana, and 22.5 lakh schemesanctions have been approved
