SVANidhi Yojna Proves to be Lifeline for Street Vendors, Says PM Modi

Prime Minister Narendra Modi, addressing a gathering in New Delhi, commended the transformative impact of the SVANidhi Yojna on the lives of street vendors across the country. The scheme, designed to provide financial support and formalization opportunities to street vendors, has emerged as a lifeline for this marginalized section of society, according to PM Modi.

Highlighting the challenges faced by street vendors, PM Modi acknowledged the historical disrespect and neglect they have endured. He emphasized that the SVANidhi Yojna represents a significant shift in approach, offering dignity, respect, and economic empowerment to street vendors who form an integral part of India’s informal economy.

Under the SVANidhi Yojna, street vendors are provided with access to affordable credit, skill development opportunities, and formalization support, enabling them to transition from the informal to the formal sector. The scheme aims to enhance the socio-economic status of street vendors and integrate them into the mainstream economy.

PM Modi’s remarks underscored the government’s commitment to uplifting the socio-economic status of vulnerable sections of society and fostering inclusive growth. He reiterated the importance of empowering street vendors, and recognizing their contribution to the urban landscape and the economy at large.

The success of the SVANidhi Yojna serves as a testament to the transformative potential of targeted welfare initiatives in addressing the needs of marginalized communities. By providing street vendors with the means to improve their livelihoods and gain access to formal financial services, the scheme is driving positive change at the grassroots level.

As India continues its journey towards inclusive development, PM Modi emphasized the government’s resolve to strengthen initiatives like the SVANidhi Yojna and ensure that the benefits of economic growth reach every stratum of society.

Prime Minister Narendra Modi’s praise for the SVANidhi Yojna reflects the government’s commitment to empowering street vendors and fostering inclusive growth. As the scheme continues to uplift the lives of marginalized communities, it stands as a beacon of hope for a brighter and more inclusive future.