PM SVANidhi scheme

Current Context : Madhya Pradesh has secured the first place under the ‘Best Performing State’ category in the Prime Minister SVANidhi scheme.

• Assam has been ranked second in the ‘Best Performing States- Innovation and Best Practices Award’ category.

ABOUT SVANIDHI SCHEME.

• The micro-credit scheme for urban street vendors.
• It provides collateral-free loans up to Rs 50,000.
• It was launched by the Central government in 2020 during the COVID-19 outbreak.