Madhya Pradesh has been named the 'Best Performing State' under the PM SVANidhi scheme for its support of urban street vendors with collateral-free loans.
Launched in June 2020, the PM SVANidhi scheme provides urban street vendors with collateral-free loans up to ₹50,000 to aid recovery from the economic impact of COVID-19.
The loans under the PM SVANidhi scheme are repayable within a year and aim to bolster financial stability and support small businesses.
