- It is a central government-backed initiative, which means it is directly funded by the central ministries.
- Street sellers can avail of the use of this until March 2022.
- They can initially receive collateral-free loans and working capital of up to $10,000.
- In previous transactions, early or timely repayment might result in interest subsidies and a larger loan amount.
- Because of digital purchases, street merchants can now receive cash back incentives.
Prime Minister Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi)