PM SVANidhi: Enhancing Financial Empowerment for Street Vendors

The PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme launched by the Government of India provides financial support to street vendors through affordable working capital loans, fostering financial inclusion and social protection. Introduced in June 2020 amidst pandemic challenges, the scheme is jointly implemented by the Ministry of Housing and Urban Affairs and the Department of Financial Services, aiming to uplift a significant part of the informal workforce. It includes collateral-free loans, interest subsidies, and digital transaction incentives. By 2026, it has notably enhanced vendors' livelihoods and financial status, bolstering digital and financial literacy among beneficiaries while extending institutional credit access for the first time to many.

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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link