5 years of PM Swanidhi Yojana: 4.79 Lakh Street vendors in Gujarat become self-sufficient, work done in mode mode
4.79 Lakh Street vendors have become self-sufficient in Gujarat.
PM Swanidhi Yojana:: Prime Minister Narendra Modi Swanidhi Yojana turns out to be a boon to improve the livelihoods of street vendors and small traders across the country. In the successful implementation of this ambitious program of the Prime Minister, Gujarat has made its mark as a leading state. The major initiative of the Ministry of Housing and Urban Affairs of the Government of India was launched on June 1, 2020 under the visionary leadership of Prime Minister Modi, which aims to empower street sellers across the country and link them to a formal financial system.
The Government of Gujarat has implemented the Mission mode program under the direction of the Minister -in -Chief Bhupendra Patel, under which uninterrupted loans, digital registration and continuous assistance are assured of the sellers of urban areas. The transformational scheme, which celebrates its fifth anniversary in June 2025, has become an example of inclusive empowerment, resolution and economic development over the past five years.
One of the main states of Gujarat in the implementation of the self-representation of PM
In the successful implementation of PM self-representation, Gujarat has performed better than constant expectations. The state has completed the first objective of providing ease of loan to 3 Lakh beneficiaries by July 2023 in time. After that, in October 2024, he also crossed the second target of granting it to 4 beneficiary lakh loans, in which Gujarat obtained second position at the national level. Given this exceptional state performance, the central government has decided to increase the objective of Gujarat to 5.20 Lakh beneficiaries in November 2024. Gujarat also succeeded 92.14% of this revised objective, and in this case, Gujarat is at the national level fourth. Until now, 4.79 141 street vendors have benefited from this program.
The sellers of rue du Gujarat obtained a financial force
The government of India has supported Gujarat’s efforts in the successful implementation of the PM Swanidhi Yojana with an interest subsidy of 30.47 crores. The program is fully operated under 100% central funding. With this financial assistance, the pressure on the sellers to reimburse the loan reduced, so that more people were able to reach the plan. Until now, more than 4.79 Lakh suppliers have received the first loan to pay in Gujarat, while 1.71 Lakh suppliers have received the second episode and 42,176 suppliers received the third episode. Under the leadership of the Minister -in Chief Patel, the Government of Gujarat has provided target loans distribution camps, digital literacy programs and financial institutions with a timely loans distribution and financial inclusion for all street sellers.
Empowerment of digital inclusion street sellers
Gujarat has given particular importance to digital inclusion and financial literacy for street sellers under the PM Swanidhi Yojana. Regular digital digital literacy camps are organized in the state, where suppliers are presented to the real -time payment system. Apart from that, mega loans distribution camps are also set up to connect more and more suppliers with the program. Due to these initiatives, the integration of sellers has become easier and they benefit from timely advantages. For this reason, suppliers also received a total cashback of 15.87 crores ₹ through digital transactions.
Inclusive initiative to empower street sellers
The spectacular success of Gujarat under the PM Swanidhi Yojana is the best example of state street vendors and the unwavering commitment to their empowerment. Thanks to an effective use of digital techniques, the promotion of financial inclusion and active cooperation with various important stakeholders, the Government of Gujarat assured that thousands of street suppliers can reach essential resources and firmly continue their business.
The latest news from the country and the world (No news) Find out more in Hindi, all the big news Times Now Navbharat live TV But. Country (India News) Updates and elections (Elections) Times now Navbharat were associated with the latest news.
