Sri Vijaya Puram | November 12, 2026
The Sri Vijaya Puram Municipal Council (SVPMC) organised PM SVANidhi Mahotsav on Thursday at the Councillor’s Office in Ward No. 19, Bhatubasti, to create awareness among street vendors about the benefits of the PM SVANidhi Scheme and encourage them to avail the financial assistance and other benefits offered under the scheme.
Addressing the gathering as the chief guest, Mr. V. Vetrivel, Senior Vice-Chairperson, SVPMC, encouraged street vendors to stay informed about various welfare schemes launched by the Government and concerned ministries and make the best use of these initiatives to improve their livelihoods and strengthen their businesses.
During the programme, the Community Organiser of SVPMC briefed the vendors on the key features and benefits of the PM SVANidhi Scheme, including the availability of collateral-free working capital loans and the application procedure. The vendors were also sensitised about the importance of timely loan repayment and adopting digital transactions.
During the interaction, some beneficiaries shared their success stories and expressed satisfaction with the assistance received under the scheme during the COVID-19 pandemic. They highlighted how the timely availability of micro-credit loans had helped them restart their businesses, which had been severely affected by the lockdown.
As part of the Mahotsav, the top three best-performing PM SVANidhi beneficiaries were felicitated in recognition of their performance and contribution towards the objectives of the scheme.
The programme concluded with an appeal to street vendors to actively participate in the PM SVANidhi Scheme and avail its benefits.
