Samba, In a significant boost to local entrepreneurship, street vendors in Samba district received credit cards under the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme. The initiative aims to provide financial support and encourage digital transactions among street vendors across the country.
District Commissioner Samba, Ayushi Sudan, personally handed over the credit cards to 14 beneficiaries at a formal distribution event. Addressing the recipients, DC Sudan urged the vendors to fully utilise the benefits of the scheme, highlighting how it can support business growth, improve access to working capital, and foster financial inclusion.
The PM SVANidhi scheme, launched by Prime Minister Narendra Modi, allows street vendors to avail collateral-free loans and digital credit solutions. The scheme is designed to promote entrepreneurship, enhance livelihoods, and encourage the formalization of street vending activities.
DC Sudan also encouraged other eligible street vendors in Samba to register for the scheme, emphasising that participation could empower them economically while integrating them into the digital economy.
Local vendors expressed their gratitude, noting that the credit cards would enable them to expand their businesses, manage finances efficiently, and recover from the economic setbacks caused by the pandemic.
