How are Betul traders expressing gratitude for the PM SVANidhi scheme?
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Synopsis
In Betul, Madhya Pradesh, the PM SVANidhi scheme is changing lives! Street vendors and small shopkeepers share their success stories, crediting the government for financial support that has empowered them to thrive. Discover how this initiative supports marginalized communities and the gratitude felt by its beneficiaries!
Key Takeaways
- PM SVANidhi scheme supports street vendors.
- Initial loan of Rs 10,000 available.
- Loans can increase to Rs 50,000 based on repayment.
- Over 1.15 crore beneficiaries targeted.
- Funding of Rs 7,332 crore allocated.
Bhopal, Oct 22 (NationPress) The Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) initiative, designed to assist street vendors in both urban and rural settings, has significantly improved the circumstances of numerous small shopkeepers and merchants nationwide.
In the Betul district of Madhya Pradesh, countless underprivileged families have reaped the rewards of the PM SVANidhi program and are now expressing their appreciation for the government’s efforts in rolling out this farmer-centric initiative.
Small business owners credit their achievements to the subsidized loan offered through the scheme.
With the PM SVANidhi Yojana, these small enterprises can initially obtain a loan of Rs 10,000 without any interest, follow it up with a Rs 20,000 loan, and ultimately become eligible for a Rs 50,000 loan to advance their businesses further.
Over a hundred individuals in the Betul district are actively operating their businesses under this scheme. Several beneficiaries have expressed their gratitude to Prime Minister Narendra Modi for launching such a program aimed at uplifting the marginalized.
The city hosts a variety of retail traders, from cobblers and chart pakora vendors to tea sellers, fruit juice vendors, and shopkeepers dealing in shoes and clothing, all of whom have benefitted from this initiative to kickstart their businesses and are now achieving remarkable success.
All these small business proprietors are appreciative of the Prime Minister and are effusive in their praise.
One beneficiary mentioned, "I secured a loan of Rs 10,000 through the PM SVANidhi scheme to launch my business. After repaying it, I was granted a Rs 20,000 loan, and subsequently, I obtained a Rs 50,000 loan..."
Another beneficiary stated, "I received a loan via the PM SVANidhi scheme... I sincerely thank the Prime Minister for this initiative."
It is noteworthy that the flagship program has been recently revamped to broaden its outreach.
New provisions have extended the lending period until March 2030. The total funding for the scheme amounts to Rs 7,332 crore, targeting 1.15 crore beneficiaries, including 50 lakh new participants.
Point of View
It's essential to highlight the significance of initiatives like the PM SVANidhi scheme, which not only support small businesses but also uplift marginalized communities. The government's focus on empowering street vendors is a commendable step towards economic inclusivity. NationPress stands firmly behind programs that promote self-reliance and growth for all segments of society.
NationPress
23/10/2025
Frequently Asked Questions
What is the PM SVANidhi scheme?
The PM SVANidhi scheme is a government initiative aimed at providing financial support to street vendors to help them restart and expand their businesses.
How much loan can beneficiaries receive under this scheme?
Beneficiaries can initially receive a loan of Rs 10,000, followed by Rs 20,000 and up to Rs 50,000 based on repayment performance.
Who can apply for the PM SVANidhi scheme?
Street vendors in both urban and rural areas are eligible to apply for the PM SVANidhi scheme.
What is the total funding allocated for the PM SVANidhi scheme?
The total outlay for the PM SVANidhi scheme is Rs 7,332 crore.
Until when is the lending period extended?
The lending period for the PM SVANidhi scheme has been extended until March 2030.
