Daily News Analysis » February 2024 » Rashtriya Udyamita Vikas Pariyojana : 26 Feb, 2024

Rashtriya Udyamita Vikas Pariyojana : 26 Feb, 2024

About the scheme:
Ministry 
  • Ministry of Skill Development and Entrepreneurship.
Beneficiaries
  • It is designed for PM SVANidhi scheme beneficiaries. 
Objective
  • Providing individuals with entrepreneurship training, creating job providers.
  • Reskilling and upskilling of employees to boost their efficiency.
Mode of training
  • There will be three methods of delivery for the training: online, offline, and hybrid.
Collaborators
  • The Indian government has partnered with Flipkart to provide training to street vendors and small shopkeepers.
About PM SVANidhi Scheme:
  • 2020: Year of launch.
  • Ministry: Ministry of Housing and Urban Affairs.
  • A central sector scheme ( Implemented by a central agency and 100% funded by the center on subjects within the union list.).
  • Micro credit scheme for urban street vendors that have been adversely affected due to Covid-19 lockdown.
  • Provide collateral-free working capital loans up to ₹50,000.
Why in news?
  • Rashtriya Udyamita Vikas Pariyojana was launched in Sambalpur, Odisha.