Centre joins hands with Swiggy to take street food vendors online under PM SVANIDHI scheme
New Delhi: As part of Prime Minister Street Vendor’s AtmaNibhar Nidhi (PM SVANidhi) Scheme, Ministry of Housing & Urban Affairs (MoHUA) has entered into an MoU with Swiggy, the main meals ordering and supply platform in India, to onboard road meals distributors on its e-commerce platform, giving them on-line entry to hundreds of customers and assist these distributors develop their companies.
The MoU was exchanged by Joint Secretary Sanjay Kumar and Chief Financial Officer, Swiggy Rahul Bothra, by means of webinar within the presence of Secretary, Ministry of Housing & Urban Affairs (MoHUA) Durga Shanker Mishra, and officers of Swiggy and Ministry.
Municipal Commissioners of Ahmedabad, Chennai, Delhi, Indore, and Varanasi additionally participated within the ceremony by means of video conferencing facility as MoHUA and Swiggy will start by working a pilot program by on-boarding 250 distributors throughout these 5 cities.
During the continued COVID-19 pandemic the place bodily distancing is the important thing to test it’s unfold, this initiative goals to radically remodel the enterprise of road distributors throughout cities, by facilitating them to obtain orders and serve clients utilizing on-line mode of enterprise.
In a primary of its variety initiative, MoHUA has coordinated with the important thing stakeholders together with Municipal Corporations, FSSAI, Swiggy and GST officers to make sure that needed conditions are accomplished for this initiative.
The road distributors will probably be helped with PAN and FSSAI registration, coaching on know-how/ accomplice app utilization, menu digitization and pricing, hygiene and packaging finest practices. Upon the profitable completion of the pilot, MoHUA and Swiggy plan to increase this initiative throughout the nation in phases.
This partnership is seen as yet one more transfer by MoHUA to empower road distributors with digital know-how and facilitate larger revenue incomes alternatives by being current on a well-liked ecommerce platform like Swiggy.
During the ceremony, Secretary, HUA additionally launched the up to date and modified model of PM SVANidhi Dashboard, which facilitates customers not solely with higher granular view of the scheme’s efficiency but additionally with extra instruments for comparisons.
The Ministry is implementing PM SVANidhi Scheme since June 1, 2020, for offering reasonably priced working capital mortgage to road distributors to renew their livelihoods which have been adversely affected as a consequence of COVID-19 lockdown.
This scheme targets to learn over 50 lakh road distributors who had been merchandising on or earlier than 24 March 2020, in city areas together with these from surrounding peri-urban/ rural areas.
Under the Scheme, the distributors can avail a working capital mortgage of as much as Rs 10,000, which is repayable in month-to-month instalments within the tenure of 1 yr. On well timed/ early reimbursement of the mortgage, an curiosity subsidy @ 7% every year will probably be credited to the financial institution accounts of beneficiaries by means of Direct Benefit Transfer on a quarterly foundation. There will probably be no penalty on early reimbursement of the mortgage.
The scheme additionally promotes digital transactions by means of cash-back incentives as much as an quantity of Rs 1,200 every year.
The distributors can fulfil their aspiration of climbing up the financial ladder by availing the power of the improved credit score restrict on well timed/ early reimbursement of the mortgage.
As on October 4, 2020, over 20 lakh mortgage purposes have been obtained below the PM SVANidhi Scheme. Out of those over 7.5 lakh loans have been sanctioned and over 2.Four lakh loans disbursed.
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