PM Street Vendor’s AtmaNirbhar Nidhi “PM SVANidhi” Portal launched

Question: Who launched the beta version of PM Street Vendor’s AtmaNirbhar Nidhi “PM SVANidhi” portal on June 29, 2020?
(a)Giriraj Singh
(b)Piyush Goyal
(c)Amitabh Kant
(d) Durga Shankar Mishra
Answer: (d)
Related facts:

  • Durga Shanker Mishra, Secretary, Housing & Urban Affairs, launched the Beta version of PM Street Vendor’s AtmaNirbhar Nidhi “PM SVANidhi” Portal on June 29, 2020.
  • PM SVANidhi was launched on June 1, 2020.

Important features of the portal:

  • An integrated IT platform (pmsvanidhi.mohua.gov.in) to provide an end-to-end solution for scheme administration is being developed by SIDBI, which is the scheme implementation partner for PM SVANidhi.
  • The portal will facilitate multiple scheme functions viz. loan application flow, Mobile App, e-KYC of applicants, and other stakeholders, calculation of digital incentives and payment of interest subsidy etc.
  • One of the important features of the scheme is to nudge the beneficiaries towards digital transactions by engaging with the Digital Payment Aggregators.
  • The PM SVANidhi Portal shall start accepting loan applications from Street Vendors from July 2nd, who can apply directly or with the help of CSCs/ ULBs/ SHGs.
  • The portal will also play a very important role in years to come for helping meet the expectations and aspirations of street vendors who play very important role in our urban eco-system.

By: Himanshu Shukla

Links:
https://www.pib.gov.in/PressReleseDetailm.aspx?PRID=1635176