Budgam, Jun 24 (JKNS): A District-Level PM SVANidhi Mahotsav was organized at Town Hall Budgam by the Municipal Council Budgam to highlight the achievements of the PM SVANidhi Scheme and recognize the contributions of street vendors, beneficiaries, and individuals engaged in social service.
The programme was attended by Additional District Development Commissioner (ADDC) Budgam, Vivek Agarwal; Chief Executive Officer, Municipal Council Budgam, Urooja Mohiuddin; and Executive Officer, Municipal Committee Khansahib, Mir Tafveez, who graced the occasion as chief guests.
During the event, the dignitaries interacted with beneficiaries of the PM SVANidhi Scheme and emphasized the importance of financial inclusion and self-employment initiatives aimed at empowering street vendors. They highlighted the government’s commitment to improving the livelihoods of small vendors through collateral-free loans and other benefits provided under the scheme.
The speakers informed the gathering that the PM SVANidhi Scheme, launched in 2020, was designed to support street vendors through easy access to institutional credit and various welfare benefits. They stated that the Mahotsav was organized to felicitate beneficiaries who have successfully availed themselves of the scheme over the years and to encourage others to take advantage of the opportunities it offers.
They further noted that the initiative of the Hon’ble Prime Minister goes beyond financial assistance and actively promotes financial inclusion, digital literacy, and access to various government welfare services. The scheme seeks to empower street vendors by integrating them into the formal financial system and strengthening their economic resilience.
Several beneficiaries who successfully utilized the scheme to strengthen their businesses and achieve financial self-reliance were felicitated during the programme. Beneficiaries expressed their gratitude, stating that the scheme had significantly improved their economic condition and enabled them to expand their businesses and become self-dependent.
The dignitaries also highlighted the encouraging repayment performance under the scheme in the district, stating that the repayment rate stands at approximately 95 to 96 percent. They observed that this remarkable achievement reflects the sincerity, responsibility, and commitment of beneficiaries towards improving their livelihoods and growing their businesses. According to the speakers, the high repayment rate is a strong indicator of the scheme’s success and demonstrates the trust and confidence of beneficiaries in the initiative.
On the occasion, noted educationist, teacher, and social activist Manjeet Singh Gill was felicitated in recognition of his valuable contributions to education, social service, and community development. The organizers appreciated his continuous efforts in promoting public awareness, social welfare, and community empowerment across the region.
Addressing the gathering, the dignitaries reiterated the significance of the PM SVANidhi Scheme in providing financial assistance to street vendors and enhancing their economic prospects. They reaffirmed the government’s commitment to ensuring sustainable livelihood opportunities, financial stability, and inclusive development for marginalized sections of society.
The programme concluded with a formal Vote of Thanks delivered by Manjeet Singh Gill, who expressed gratitude to the Municipal Council Budgam, Municipal Committee Beerwah, government officials, distinguished guests, beneficiaries, and all participants for making the event a success. He appreciated the efforts of the government and district administration in empowering street vendors through welfare-oriented initiatives and encouraged beneficiaries to make optimum use of the opportunities provided under the scheme.
The PM SVANidhi Mahotsav concluded on a positive note, reflecting a collective commitment towards self-employment, financial empowerment, social inclusion, and community development. (JKNS)
