Beta Version of PM SVANidhi Portal was launched

PM SVANidhi Portal will provide an integrated end to end IT interface to users for availing benefits under the scheme.
Akshaya

Updated: Jun 30, 2020 07:24:40 pm

Beta Version of PM SVANidhi Portal was launched

30 June 2020 Current Affairs:Secretary, Housing & Urban Affairs Durga Shanker Mishra launched the Beta version of PM Street Vendor's Atma Nirbhar Nidhi "PM SVANidhi" Portal, pmsvanidhi.mohua.gov.in. It aims to leverage digital technology solutions.

PM SVANidhi Portal:
♦ PM SVANidhi Portal will provide an integrated end to end IT interface to users for availing benefits under the scheme.
♦ The integrated IT platform will provide an end-to-end solution for scheme administration.
♦ The portal was developed by the Small Industries Development Bank of India (SIDBI), which is the scheme implementation partner for PM SVANidhi. 
♦ The portal will facilitate multiple scheme functions like loan application flow, Mobile App, e-KYC of applicants, integration with UIDAI, Udyamimitra, NPCI, PAiSA, lenders, States, ULBs and other stakeholders, calculation of digital incentives and payment of interest subsidy, etc.
♦ Also, several banks, 15 Microfinance institutions (MFIs) have been onboarded on the portal. 
♦ The portal will be continuously upgraded to add functionalities.

PM SVANidhi:
PM SVANidhi was launched on 1 June 2020. Ministry of Housing & Urban Affairs has held detailed interactions with various types of lenders including Banks, MFIs, and NBFCs. Detailed operational guidelines have been issued for the lenders. under PM SVANidhi, it is expected that shortly, all the lenders will issue detailed operating guidelines for the scheme to their field offices to facilitate smooth implementation of the scheme. The scheme nudges the beneficiaries towards digital transactions by engaging with the Digital Payment Aggregators.
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