✎ PM SVANidhi empowers 46% women street vendors with ₹19,203 crore credit since 2020.
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Prime Minister Narendra Modi recently highlighted in his *Mann Ki Baat* address that women constitute 46% of the beneficiaries under the PM SVANidhi scheme, a credit initiative launched in 2020 to support street vendors in expanding their businesses. With 3.5 million women availing loans under the scheme, Modi emphasized its role in empowering women entrepreneurs who often face capital constraints in growing their ventures, such as tea stalls, vegetable/fruit sales, and handicrafts. The scheme has disbursed ₹19,203 crore to 7.8 million beneficiaries since its inception, underscoring its significance in financial inclusion and women-led economic growth. This data is particularly relevant for banking aspirants, as it reflects the government’s push for accessible credit under schemes like PM SVANidhi and Mudra Yojana, which are frequently tested in exams like IBPS, SBI, and RBI Grade B.
For SSC and RBI Grade B aspirants, this development ties into broader themes of governance, financial inclusion, and socio-economic empowerment. The PM SVANidhi scheme aligns with the government’s *Vocal for Local* initiative, promoting self-reliance and supporting micro-enterprises—key areas in polity and governance syllabi. Additionally, the scheme’s focus on women beneficiaries mirrors the Union Budget’s emphasis on gender-inclusive growth, a recurring topic in competitive exams. Aspirants should note how such schemes integrate with national priorities like *Nasha-mukt Yuva for Viksit Bharat*, linking financial literacy to social campaigns, a potential question area in descriptive papers or interviews.
Source: Mint
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