PM SVANidhi AT SIX: INDIA’S SMALLEST TRADERS AND THE SYSTEM THAT FINALLY SAW THEM
A SCENE REPEATED 75 LAKH TIMES Picture a vegetable vendor in Lucknow. Before June 2020, if her cart was washed out in the monsoon, there was no bank that would lend her the few thousand rupees she needed to restock. The moneylender would, at 60% interest. The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme,…