Waris Fayaz
Srinagar, Mar 07 : The Jammu and Kashmir government on Friday said that over 17,874 beneficiaries gain self-employment and 10,690 receive skill training, while 23,697 street vendors got certificates for micro-loans under NULM and PM SVANidhi schemes.
Providing a detailed report on implementation of the schemes, the government, as per the news agency emphasized the efforts being made to ensure sustainable livelihoods for street vendors, self-help groups (SHGs), and urban youth.
Under the Self-Employment Programme (SEP) component of National Urban Livelihoods Mission (NULM), the government has facilitated 17,874 beneficiaries in starting their own businesses and entrepreneurial ventures across urban areas of Jammu & Kashmir, it said.
Additionally, a total of 3,600 Self-Help Groups (SHGs) have been provided with a revolving fund to support their financial needs and strengthen their operations, government said in a reply to MLA Irshad Rasool Kar, adding, that government also trained 10,690 urban youth, equipping them with vocational skills necessary for self-employment and job opportunities.
Similarly, under the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme, the government said they have issued certificates of vending to 23,697 street vendors, making them eligible for affordable micro-loans with a 7% interest subsidy.
Notably, the PM SVANidhi scheme, launched by the Ministry of Housing and Urban Affairs, is designed to provide collateral-free loans to street vendors, helping them recover from financial hardships and expand their businesses
