An Heuristic Study on Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi Yojana: Context on a Micro Credit Scheme

Abstract

This study looks into the Pradhan Mantri Street Vendor's Atmanirbhar Nidhi Yojana (PM SVANidhi), a micro-credit project, and the awareness, utilization patterns, and difficulties faced by urban mobile street food sellers. The study intends to offer insight on the scheme's effectiveness and reach within this specific group through empirical research and data analysis. In order to obtain thorough insights, the research uses a mixed-methods strategy that combines surveys and interviews. The results show that vendors have different levels of awareness, and that socioeconomic background, bureaucratic obstacles, and information availability all have an impact on how merchants use technology. repayment mechanisms. The abstract underscores the significance of understanding these dynamics to enhance the scheme's efficacy and support the socio-economic empowerment The paper also outlines important obstacles to PM SVANidhi's successful implementation, including as loan repayment procedures, documentation requirements, and financial literacy. The abstract emphasizes the need of studying these mechanisms in order to improve the scheme's efficacy and foster the socioeconomic independence of urban street food vendors.