Page 34 - BF Cover January 2021.cdr
P. 34

ARTICLE





         PRADHAN MANTRI



         STREET VENDOR'S




         ATMANIRBHAR



         NIDHI  (PM




         SVANIDHI) SCHEME









         ""H$moamoZm d¡pídH$ ‘hm‘mar H$s A^yVnyd© pñW{V ‘| Xoe Zo, h‘mao  informal sector which caters to the livelihood of the urban
         Jar~ ^mB©•~hZm| Zo, {deofH$a aoh‹S>r-R>obm•-nQ>ar na gm‘mZ ~oMZo  poor.
         dmbo l{‘H$ gm{Wm| Zo V‘m‘ ‘wpíH$bm| Ho$ ~mdOyX AØþV g§¶‘ Am¡a
         g§Kf©-e{º$ {XImB© h¡& CZHo$ Am{W©H$ {hVm| Ho$ {bE, CZHo$ VmH$Vda  During the economic reforms in our country, this sector has
         ~ZmZo Ho$ {bE h‘ gVV Am¡a g‘J« à¶mg H$a aho h¢&''    faced many challenges in its journey and various welfare
                                       àYmZ‘§Ìr lr Za|Ð ‘moXr
                                      àYmZ‘§Ìr lr Za|Ð ‘moXr
                                       àYmZ‘§Ìr lr Za|Ð ‘moXr
                                    -        àYmZ‘§Ìr lr Za|Ð ‘moXràYmZ‘§Ìr lr Za|Ð ‘moXr  steps have been taken by various governments to come out
                                                              of such situation. One of such step is the launch of "Pradhan
         Economic development of the nation is dependent on the  Mantri street Vendor's AtmaNirbhar Nidhi  (PM SVANidhi)
         development of various sectors like MSMEs, Retail, and  Scheme" by the Ministry of Housing and Urban Affairs on
         Agriculture and so on. MSMEs are the strongest drivers of  01st June 2020. It is micro credit facility for providing
         economic development. The MSME sector in India is    affordable working capital loan to street vendors to resume
         exceedingly heterogeneous in terms of size of the    their livelihoods
         enterprises and variety of products and services. Street
         vending is one of them under micro sector. In India, Street  At present more than ten million people in India are engaged
         vending is an important profession because it provides  in street vending activities and they play an important role
         informal employment opportunities and forms an important  in urban formal economy. Their role is significant because
         part of retail market in Indian economy. It is a vital economic  they are ensuring the availability of the goods and services
         activity in urban area in India. Street vending is the largest  at our door steps at very affordable rates. They are known
                                                              by various names such as vendors, hawkers, thelawala,
                                                              rehriwala, theliphadwa etc. in different area/contexts. The
                               About the author               goods supplied by them include vegetables, fruits, ready to
                                                              eat street food, tea, pakodas, breads, eggs, textiles,
                        Ranjit Kumar
                                                              apparel, footwear, artisan products, books/stationery etc.
                        Chief Manager (Faculty)               Apart from supply of goods, they are also providing us
                        Union Bank of India                   services like Barber shop, cobbler shop, pan shop, laundry
                        Staff Training Centre, Bhubaneswar    services etc.


            34 | 2021 | JANUARY                                                            | BANKING FINANCE
   29   30   31   32   33   34   35   36   37   38   39