Ministry of Housing & Urban Affairs has signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) for PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi).
  • PM SVANidhi is a Special Micro-Credit Facility for Street Vendors.
  • According to the MoU, PM SVANidhi Scheme will be implemented by SIDBI under the guidance of MoHUA.
  • The credit guarantee to the lending institutions would also be managed by the SIDBI through Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
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