The Street Vendors Act

  • Prime Minister Narendra Modi, through video conferencing, distributed loans to nearly 300,000 street vendors under the Pradhan Mantri Street Vendors’ Atmanirbhar Nidhi Yojana.
PM SVANIDHI
  • The PM SVANidhi scheme was launched in June, with an aim to provide credit for working capital to street vendors who have been affected due to the Covid-19 crisis.
  • It is funded by the Ministry of Housing and Urban Affairs, 
  • PM SVANidhi ensures a working capital loan up to Rs 10,000 for vendors, and rewards digital transactions. 
  • All street vendors who have been in the business on or before March 24, 2020, are eligible to avail the benefits. 
  • For this scheme launched in the wake of the novel coronavirus pandemic, the Centre has earmarked a stimulus package of Rs 5,000 crore for nearly 50 lakh vendors.

THE STREET VENDORS ACT

  • The Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014 was enacted to regulate street vendors in public areas and protect their rights.
  • The Act defines a “street vendor” as a person engaged in vending of articles… of everyday use or offering services to the general public, in…any public place or private area, from a temporary built up structure or by moving from place to place”.
  • The Act envisages the formation of Town Vending Committees in various districts to ensure that all street vendors identified by the government are accommodated in the vending zones subject to norms.

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