Svanidhi yojana


 

A scheme by government for local vendors wherein they are eligible for 10.000 of loan. They will get this amount quarterly. A subsidy of 7% on interest. After covid this step has been taken to revive rojgaar of street vendors. This came into existence after 2019. Street vendors constitute a lot of economic activists - be it roadside ration shops, street food, vegetable and fruit hawkers or juice vendors. There is a time period for repayment of this loan which is around an year.

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