Explanation:

• The Ministry of Housing and Urban Affairs has launched PM SVANIDHI (Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi) scheme, which is a special micro-credit facility scheme for providing affordable loan to street vendors, to help them to resume their livelihoods that have been adversely affected due to COVID-19 lockdown.
• PM SVANIDHI Scheme targets to benefit over 50 lakh street vendors, who had been vending on or before 24th March 2020, in urban areas.
• The scheme is valid until March 2022 and will provide total liquidity of Rs 5,000 crore.
• Vendors can avail a working capital loan of upto Rs 10,000 to be repayable in monthly instalments in the tenure of one year.