Madhya Pradesh Tops Best Performing State in SVANidhi Scheme
Madhya Pradesh has been recognized as the best performing state in the SVANidhi Scheme as of July 2024, due to its exemplary implementation and significant support to street vendors. The SVANidhi Scheme, launched in June 2020, aims to provide working capital loans and facilitate digital transactions for street vendors. Madhya Pradesh has achieved high loan disbursement rates, successful digital payment adoption, and extensive vendor registration. This recognition sets a model for other states, highlighting the scheme’s benefits in economic upliftment and digital inclusion. Moving forward, continued support, scaling successful strategies, and strengthening digital infrastructure are essential for maintaining and enhancing the scheme’s impact.
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