Interim Budget 2024: Over 75 lakh vendors helped due to PM SVANIDHI, says FM Nirmala Sitharaman

Interim Budget 2024: Union Finance Minister Nirmala Sitharaman while presenting the much-anticipated budget on Thursday has announced that PM SVANIDHI, a flagship initiative focusing on street vendors has extended credit assistance to 78 lakh street vendors across the country.

"PM SVANIDHI has provided credit assistance to 78 lakh street vendors, from that total, 2.3 lakh have received credit for the third time PM JANMAN Yojana reaches out Particularly Vulnerable Tribal Groups PM Vishakarma Yojana provides end to end support to artisans and craftspeople Scheme for empowerment of Divyang and transgender people reflects our resolve to leave no one behind," the Finance Minister said.

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Notably, out of this total, 2.3 lakh street vendors have received credit for the third time, showcasing the success and sustainability of the scheme, she said

FM pushes flagship initiatives in speech:
A flagship initiative of the Narendra Modi-led government, PM SVANIDHI, which stands for Prime Minister's Street Vendor's AtmaNirbhar Nidhi, has been pivotal in providing financial support to the street vending community, enabling them to sustain and grow their businesses.

While presenting the budget, Sitharaman also focused on the impact of PM JANMAN Yojana, which targets Particularly Vulnerable Tribal Groups (PVTGs). The initiative targets marginalized communities by offering them support and opportunities for socio-economic development.

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Being the last budget by the government before the Lok Sabha polls scheduled for this year, The Finance Minister also highlighted the PM Vishakarma Yojana, designed to provide end-to-end support to artisans and craftspeople. This initiative acknowledges the importance of preserving and promoting traditional crafts, contributing to the overall growth of the artisan community.

Empowerment of Divyang (Persons with Disabilities) and transgender people also found space and mention in Sitharaman's sixth budget.

Sitharaman emphasized the government's commitment to leaving no one behind, underscoring the need for inclusive policies that address the unique challenges faced by these communities.