Union IT and Telecom Minister Ashwini Vaishnaw on Saturday said that the government will enhance its focus on providing micro-credit facilities in the range of Rs.3,000 to Rs.5,000 to street vendors in 2023, with the help of digital technologies.
“In 2023, there will be a big focus on providing credit facilities to street vendors in a simplified manner to meet small credit requirements of Rs 3,000-5,000,” Vaishnaw said.
Ashwini Vaishnaw while speaking at the Digital India Awards, said that Prime Minister Narendra Modi has allocated Rs.52,000 crore for taking 4G and 5G services to each and every corner of the country for digitally connecting every citizen.
He said that the country will soon see the roll of the 4G and 5G technology in the country this year.
He also said that very soon the country will witness the setting up of an electronic chip manufacturing plant in India in order to boost PM Narendra Modi‘s vision of making India self-reliant in the field of technology.
The PM Street Vendor’s Atma Nirbhar Nidhi (SVANidhi) Scheme which was launched in June 2020 as a Micro-Credit facility aimed to empower street vendors to recover their losses incurred as a result of the COVID-19 pandemic.
Through the scheme, affordable collateral-free loans were provided to street vendors.
