Madhya Pradesh has emerged on top in implementing the Pradhan Mantri Street Vendors Atma Nirbhar Nidhi-PM Swa Nidhi scheme. The scheme is being implemented in the state to help the street vendors to continue their business. Apart from urban street vendors, a scheme to provide interest free assistance of Rs. 10,000 is being implemented also for the street vendors of rural areas in the state.
The Pradhan Mantri Street Vendors Nidhi Yojana has been launched to provide benefit to beneficiaries of 378 urban bodies of the state. So far, 15,500 cases have been approved in the state and interest free loan of around 15 crore 50 lakh has been approved. As many as 8,70,330 street vendors have registered under the scheme. Out of these, identity cards and vending certificates have also been issued to 1,76,000 street vendors.
Under the scheme, interest free working capital of 10,000 rupees will be provided for one year. Interest subsidy of 7 percent on loan amount will be borne by the Central Government while the remaining amount will be borne by the State Government. A maximum special subsidy of 1200 Rs will also be given in a year on conducting digital transactions. On timely repayment of the amount, beneficiaries will be able to get working capital of maximum 20 thousand Rupees in the next year.
