Amritsar (Suraj Kamlesh): The PM SVANidhi Festival was organized by the Municipal Corporation Amritsar to mark the successful completion of six years of the PM Street Vendor Atmanirbhar Nidhi (PM SVANidhi) scheme.
The event took place under the guidance of Mayor Jatinder Singh Bhatiya and Municipal Commissioner Bikramjit Singh Shergill (IAS). The festival highlighted the progress of street vendors under the government scheme.
Large Participation in PM SVANidhi Amritsar Festival
The PM SVANidhi Festival witnessed participation from street vendors, self-help groups (SHGs), city residents, and municipal officials.
In addition, vendors set up various stalls and showcased handicrafts, food items, and local products. As a result, the event created a vibrant and lively atmosphere.
Moreover, officials from the Estate Office and City Mission Management team ensured smooth execution of the event.
Focus on Street Vendor Empowerment
During the PM SVANidhi Festival, Mayor Jatinder Singh Bhatiya praised the efforts of street vendors.
He said that street vendors play an important role in strengthening the city’s economy. Furthermore, he appreciated those beneficiaries who repaid loans on time under the scheme.
He also highlighted the importance of digital payments. According to him, vendors who adopt digital systems are setting a positive example for others.
Cleanliness and Urban Responsibility Message
Additionally, the Mayor stressed the importance of cleanliness in Amritsar.
He urged vendors to keep their surroundings clean. He also asked them to place dustbins at their stalls.
Therefore, he said this would support the Swachh Bharat Mission and help maintain a cleaner city environment.
Key Features of PM SVANidhi Scheme
During the PM SVANidhi Festival, officials explained the main benefits of the scheme:
Firstly, street vendors can access collateral-free working capital loans of ₹15,000, ₹25,000, and ₹50,000.
Secondly, borrowers receive a 7% annual interest subsidy if they repay on time.
Moreover, digital transactions are encouraged with cashback incentives of up to ₹1,200 annually.
In addition, the “SVANidhi se Samriddhi” program connects beneficiaries and their families to other central welfare schemes.
Government Commitment to Vendors
Finally, the Municipal Corporation reaffirmed its commitment to empowering street vendors.
It stated that the goal is to simplify loan processes and promote self-reliant businesses.
Furthermore, officials said the initiative aims to integrate vendors into a more organized and sustainable urban economy.
Conclusion
The PM SVANidhi Festival successfully highlighted the achievements of the scheme over six years.
Overall, the event showcased financial empowerment, digital inclusion, and urban development through support for street vendors in Amritsar.
Key Points – PM SVANidhi Amritsar Festival
- Festival organized in Amritsar: The Municipal Corporation Amritsar held the PM SVANidhi festival to mark the completion of six successful years of the PM SVANidhi scheme.
- Strong participation observed: Street vendors, SHGs, citizens, and officials actively participated, with stalls showcasing food, handicrafts, and local products.
- Focus on vendor empowerment: Mayor praised street vendors for their role in boosting the city economy and highlighted timely loan repayment under the scheme.
- Cleanliness and discipline emphasized: Vendors were urged to maintain cleanliness, use dustbins, and support the Swachh Bharat Mission for a cleaner city.
- Key benefits of scheme highlighted: Officials explained collateral-free loans up to ₹50,000, 7% interest subsidy, digital payment cashback, and welfare linkages under SVANidhi se Samriddhi.
