PM SVANidhi Portal 

#GS2 #Governance 

Secretary, Housing & Urban Affairs, launched the Beta version of PM Street Vendor’s AtmaNirbhar Nidhi “PM SVANidhi” Portal in presence of officials from States/UTs, Banks, Payment aggregators and other stakeholders. Leveraging on the digital technology solutions, the portal provides for an integrated end to end IT interface to users for availing benefits under the scheme. 

  • An integrated IT platform (pmsvanidhi.mohua.gov.in) to provide an end-to-end solution for scheme administration is being developed by SIDBI, which is the scheme implementation partner for PM SVANidhi.  
  • The portal will facilitate multiple scheme functions viz. loan application flow, Mobile App, e-KYC of applicants, integration with UIDAI, Udyamimitra, NPCI, PAiSA, lenders, States, ULBs and other stakeholders, calculation of digital incentives and payment of interest subsidy etc. 
  • One of the important features of the scheme is to nudge the beneficiaries towards digital transactions by engaging with the Digital Payment Aggregators.  
  • Ministry has received excellent response from all of them. Secretary, HUA expressed his pleasure on the fact that AmazonPay, FTCash, MSwipe, PayTM, PaySwiff, and PhonePe have offered to onboard the vendors free of cost by absorbing the expenses at their end. It is expected that others also will follow suit. 
  • Further, in addition to the banks already onboarded, 15 MFIs have been onboarded on the portal and many more are expected to join in the coming weeks. The portal shall be continuously upgraded to add functionalities. 
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