If you want to grab the information related to the PM SVANidhi scheme UPSC, you need to go through this article and check out the SVANidhi scheme UPSC notes. The SVANidhi scheme UPSC is significant for the aspirants to understand current affairs so that they can perform well in the exam. All the important information related to the SVANidhi scheme is covered here for your UPSC online preparation. Let’s check it out! 

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PM SVANidhi Scheme UPSC

Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) is a central government scheme launched to provide financial assistance to street vendors who have been severely affected by the COVID-19 pandemic. The scheme was launched on June 1, 2020, and is implemented by the Ministry of Housing and Urban Affairs.

The PM SVANidhi scheme aims to provide affordable working capital loans to street vendors, without any collateral. The loans can range from Rs 10,000 to Rs 20,000, and are repayable in monthly instalments within a year. The scheme also provides an interest subsidy of 7% to the beneficiaries for the timely repayment of the loan.

SVANidhi Scheme

The scheme has a target of benefiting over 50 lakh street vendors who were vending on or before March 24, 2020, in urban areas, including those from the surrounding peri-urban and rural areas. The scheme covers all states and union territories in India and is being implemented through a digital platform.

The PM SVANidhi scheme has received a positive response from street vendors across the country, with over 15 lakh applications received as of March 2021. The scheme has disbursed over Rs 3,600 crore to over 36 lakh beneficiaries.

The scheme has been widely appreciated for providing much-needed financial support to street vendors during the pandemic. It has helped street vendors to revive their businesses, pay for their daily expenses, and become self-reliant.

SVANidhi Scheme UPSC

In the context of the UPSC, knowledge of the PM SVANidhi scheme is relevant for aspirants appearing in the Civil Services Examination. The scheme can be studied under the topics of Government Schemes, Economic Development, and Poverty Alleviation. Understanding the objectives, benefits, and implementation of the scheme is important for aspirants to answer questions related to government initiatives and social welfare schemes in the examination.

In conclusion, the PM SVANidhi scheme is a significant initiative of the Government of India aimed at supporting the livelihoods of street vendors. The scheme has been successful in providing financial assistance to street vendors, thereby helping them to become self-reliant and contributing to the economy’s revival.

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UPSC Online Preparation 

Current affairs is an important part of the UPSC (Union Public Service Commission) exam, as it covers a wide range of topics, from national and international events to socio-economic issues. Here are some tips to prepare for current affairs for the UPSC exam:

# Read a newspaper daily: Reading a newspaper like The Hindu, Indian Express, or The Times of India daily can help you keep up with the latest news and events. Focus on the editorial section, which covers in-depth analysis and opinion articles.

# Follow current affairs websites: Several websites such as PIB (Press Information Bureau), PRS (PRS Legislative Research), and IDSA (Institute for Defence Studies and Analyses) provide insights on current events related to governance, politics, and other important areas. Follow these websites regularly to stay updated.

# Watch news channels and debates: Watching news channels like NDTV, CNN-News18, and India Today can help you keep up with the latest news and events. You can also watch debates on important issues on channels like Rajya Sabha TV and Lok Sabha TV.

# Prepare notes: Take notes of important events, facts, and figures while reading newspapers or watching news channels. This will help you to revise and remember the information easily.

# Make use of technology: Technology can be an excellent tool for staying updated. Subscribe to news alerts on your mobile phone, install news apps, and use social media platforms like Twitter to follow important personalities and organizations.

# Solve previous years’ question papers: Solving previous years’ question papers can help you understand the type of questions asked in the UPSC exam. This can also help you to analyze your preparation level and improve your time management skills.

# Take mock tests: Taking mock tests can help you to evaluate your performance and identify areas where you need to improve. Join a good test series program, solve online quizzes, and participate in group discussions to enhance your preparation.

Staying updated with current affairs is crucial for the UPSC exam, and regular reading and practice can help you to score well in this section. It is also important to analyze your strengths and weaknesses, and focus on areas where you need more preparation.

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Hopefully, you have got all the information covered in this article. If you are doing UPSC online preparation and you need to get all the content related to the UPSC exam, you must visit the UPSC Pathshala website. You will not only get the SVANidhi scheme UPSC notes but also the notes related to different current topics for the exam.

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Shilpa is a professional web content writer and is in deep love with travelling. She completed her mass communication degree and is now dedicatedly playing with words to guide her readers to get the best for themselves. Developing educational content for UPSC, IELTS aspirants from breakthrough research work is her forte. Strongly driven by her zodiac sign Sagittarius, Shilpa loves to live her life on her own notes and completely agrees with the idea of ‘live and let live. Apart from writing and travelling, most of the time she can be seen in the avatar of 'hooman' mom to her pets and street dogs or else you can also catch her wearing the toque blanche and creating magic in the kitchen on weekends.

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