DH NEWS SERVICE
jammu, Aug 28
Senior BJP leader from Jammu and Kashmir and former Vice Chairman of the SC, ST, and Backward Classes Development Corporation, Balbir Ram Rattan, has described the restructuring of the PM Street Vendor’s AtmaNirbhar Nidhi (PM Savnidhi) scheme and the extension of its loan distribution period till March 31, 2030, along with a provision of ?7,332 crore, as a clear reflection of the Modi government’s commitment to the principle of “Sabka Saath, Sabka Vikas, Sabka Vishwas” and its concern for every citizen of the country.
He said the expansion of this scheme would prove to be a major gift for the poor.
He was explaining the details of the scheme to some individuals who earn their livelihood through street vending.
Balbir Ram Rattan said that this decision would further strengthen Prime Minister Narendra Modi’s vision of ‘AtmaNirbhar Bharat’ (Self-Reliant India) and would be a great relief to millions of street vendors across the country. It would provide them with an opportunity to advance their self-employment and improve their standard of living.
It is noteworthy that the Union Cabinet approved the restructuring of the PM Savnidhi scheme this Wednesday, extending its duration to March 31, 2030, from the previous deadline of December 31, 2024. This extension will benefit a larger number of street vendors by allowing them access to loan facilities for a longer period.
Balbir explained that this scheme not only helps small vendors become self-reliant but also encourages them to adopt digital transactions. Under the restructured scheme, the first loan installment has been increased from ?10,000 to ?15,000, the second from ?20,000 to ?25,000, and the third installment will be ?50,000.
He expressed hope that a maximum number of beneficiaries from both urban and rural areas of Jammu and Kashmir would be able to take advantage of the scheme. He also appealed to the state government and concerned corporations to increase public awareness about the scheme and to assist street vendors with the registration and application process.
Thanking Prime Minister Narendra Modi and the Union Cabinet, he said this decision is a ray of hope for the poor and hardworking class, and a significant step towards empowering them economically.
