Modi calls for drug-free India, highlights PM SVANidhi Yojana aiding 35 lakh vendors

Why in news

PM Modi highlighted the impact of PM SVANidhi Yojana and the progress of Nasha Mukt Bharat Abhiyaan during his 'Mann Ki Baat' address.

Background

PM SVANidhi Yojana has aided approximately 35 lakh street vendors since June 2020. Notably, nearly 46% of the scheme's beneficiaries are women.

Facts for Prelims

• SchemePM SVANidhi Yojana: A credit-linked scheme to provide formal credit to street vendors.
• SchemeNasha Mukt Bharat Abhiyaan: Launched on August 15, 2020, to combat substance abuse.
• Fact46% of PM SVANidhi beneficiaries are women.

For Mains

Q. Discuss the role of targeted credit schemes like PM SVANidhi in promoting financial inclusion and women's empowerment in the informal economy.

Dimensions to cover in your answer

• financial inclusion for street vendors
• gender-specific empowerment
• impact on informal economy

Keywords: financial inclusion · informal economy · women empowerment · substance abuse

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