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Svanidhi Scheme launched to help the pandemic impacted street vendors restart their livelihood: PM
Scheme offers interest rebate up to 7 percent and further benefits if loan paid within a year : PM
Street Vendors to be given access to Online platform for business and digital transactions: PM

The Prime Minister Shri Narendra Modi held 'Svanidhi Samvaad' with street vendors from Madhya Pradesh. The Government of India had launched PM Svanidhi scheme on 1st June, 2020 to help poor street vendors, impacted by COVID-19, resume livelihood activities. 4.5 lakh street vendors were registered in Madhya Pradesh, out of which acceptance has been granted to around 1.4 lakh street vendors of amount worth Rs 140 crore.

Speaking on the occasion, Prime Minister praised the efforts of the Street Vendors to bounce back and appreciated their self - confidence, perseverance and hard work.

He appreciated the efforts of the Government of Madhya Pradesh, for identifying more than 4.5 Lakh Street Vendors and completing the process to give loans to over a 1 Lakh vendors within 2 months, notwithstanding the effect of the pandemic.

The Prime Minister said any calamity first affects the poor impacting their jobs, food and savings.

He referred to the tough times when most of the poor migrants had to return to the villages.

Shri Modi said the Government's right from the first day tried to obliterate the difficulties that the poor and the lower middle class have to face owing to the lockdown and the impact of the pandemic. He said the Govt made all efforts to provide food, ration, free gas cylinders apart from employment through the Prime Minister Garib Kalyan Rojgar Abhiyan.

Prime Minister said the Govt also focussed on another vulnerable section that is the Street Vendors and announced the PM Svanidhi Yojana in order to provide cheap Capital to those vendors so that they can restart their livelihood businesses. Shri Modi said that this is for the first time that lakhs of Street Vendors are directly connected to the system so that they can start getting the benefit.

The Prime Minister said the aim of the Svanidhi yojana is to provide Swarozgar, Svavlamban and Swabhimaan (Self Employment, Self-Sustenance and Self-Confidence) to the Street Vendors.

PM stressed the importance of making every street-vendor know everything about this scheme. This scheme has been made so simple that even ordinary people can connect with it. He said that one can get registered with the scheme through the common service center or in the municipality office by uploading the application and no need to stand in queue. Not only this Business Correspondent from the bank and municipal staff can also come and take the application from the street vendors.

He said this scheme gives upto 7 percent rebate on the interest and if one repays the money taken from the bank within 1 year, then one will get an interest rebate. He added that in digital transactions there is a cash back also. In this way, total savings will be more than the total interest. He said that the trend of digital transactions in the country has been increasing rapidly during the last 3-4 years.

"This scheme helps people to start afresh & get easy capital. For the first time, a network of millions of street vendors has been truly connected to the system, they have got an identity."

"The scheme helps one get rid of interest completely. Under this scheme, interest rebate of up to 7% is being given anyway. A new beginning has been made in collaboration with banks and digital payment facilitators to ensure that our street vendors do not lag behind in digital shop-keeping," he added.

PM said in the times of Corona, customers are resorting to more digital transactions rather than cash. He urged the Street Vendors to also adapt to transacting digitally.

Shri Modi said the Government is now going to bring about a Online platform so that all the Street Vendors can conduct their business transactions digitally.

Prime Minister said the beneficiaries of the PM Svanidhi Scheme would get access to the Ujjwala gas scheme, Ayushman Bharat scheme, etc on priority basis.

He said that through the Pradhan Mantri Jan Dhan Yojana, Bank accounts of more than 40 crore poor, lower middle class people have been opened and now they directly receive all the benefits to their accounts and that it is easier for them to get loans. He listed similar achievements in other schemes like Digital Health Mission, Pradhan Mantri Suraksha Bima Yojana, Prime Minister Jeevan Jyoti Yojana and Ayushman Bharat

The Prime Minister said that in the last six years several measures have been implemented to make the lives of the poor easier in the country. He said the government launched a major scheme to provide accommodation in cities and major towns at an affordable rent.

He referred to the One Nation One Ration Card which would enable any body to get affordable rations any where in the country.

The Prime Minister also referred to the ongoing programme of laying Optical Fibre to 6 Lakh Villages in the next 1000 days. This, he said, will join the entire rural India to the domestic and international markets and would further boost the rural livelihood.

The Prime Minister asked the Street Vendors to maintain cleanliness and follow all the measures to prevent the spread of COVID-19. This he said would help them increase their business.

Click here to read full text speech

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There is no substitute to testing, tracking and treatment: PM
All necessary measures must be taken to ramp up the availability of hospital beds for Covid patients: PM
Local administrations need to be proactive and sensitive to people’s concerns: PM
PM reviewed the status of supply of Remdesivir and other medicines
Installation of approved medical oxygen plants should be accelerated: PM
Utilize the entire national capacity to ramp up vaccine production: PM

Prime Minister Narendra Modi chaired a meeting to review the status of preparedness to handle the ongoing Covid-19 pandemic. Various aspects relating to medicines, oxygen, ventilators and vaccination were discussed.

The Prime Minister said that together India had defeated Covid last year & India can do it again, with the same principles but faster speed and coordination.

The PM stressed that there is no substitute to testing, tracking and treatment. Early testing and proper tracking remains key to reduce mortality. He also said that local administrations need to be proactive and sensitive to people’s concerns.

The Prime Minister directed that close coordination with States must be ensured in handling the pandemic. He said that all necessary measures must be taken to ramp up the availability of hospital beds for Covid patients. The Prime Minister also directed that additional supply of beds through temporary hospitals and isolation centres should be ensured.

PM spoke about the need to utilize the full potential of India’s pharmaceutical industry to meet the rising demand of various medicines. He reviewed the status of supply of Remdesivir and other medicines. The Prime Minister was briefed on actions taken to address the issue of availability of Remdesivir. Through the efforts of the Government, capacity and production augmentation for manufacturing of Remdesivir has been ramped up to provide around 74.10 lakh vials/month in May while the normal production output in January-February being just 27-29 lakh vials/month. Supplies have also increased from 67,900 vials on 11th April going up to over 2,06,000 vials on 15th April 2021 which are being particularly focused on states with high caseload and high demand. He took note of the ramped up production capacity, and directed that issues relating to real-time supply chain management to States must be resolved urgently in coordination with the States. The Prime Minister directed that use of Remdesivir and other medicines must be in accordance with approved medical guidelines, and that their misuse and black marketing must be strictly curbed.

On the issue of supply of medical oxygen, the Prime Minister directed that the installation of approved medical oxygen plants should be sped up. 162 PSA Oxygen plants are being installed in 32 States/UTs from PM CARES. The officers informed that 1 lakh cylinders are being procured & they will be supplied to states soon. The officers briefed the PM that they are in constant supply with 12 high burden states in assessing the current and future requirement of medical oxygen. A supply mapping plan for 12 high burden states till 30th April has also been undertaken. The Prime Minister also said that supply of oxygen required for production of medicines and equipment necessary to handle the pandemic should also be ensured.

The Prime Minister also reviewed the status of availability & supply of ventilators. The Prime Minister noted that a real time monitoring system has been created, and directed that concerned State governments should be sensitized to use the system proactively.

On the issue of vaccination, the Prime Minister directed all officials to make efforts to utilize the entire national capacity, in public as well as private sector, to ramp up vaccine production.

He was joined by Cabinet Secretary, Principal Secretary to PM, Union Home Secretary, Union Health Secretary, Pharma Secretary. Dr V K Paul, Niti Aayog was also present.