‘Main Bhi Digital 3.0’:
Ministry of Housing and urban Affairs (MoHUA) in collaboration with the Ministry of Electronics & Information Technology (MeitY) launched the pilot drive ‘Main Bhi Digital 3.0’ – A special Campaign for Digital Onboarding and Training for street vendors under PM SVANidhi scheme across 223 cities in the country.
- The BharatPe, Mswipe, PhonePe, Paytm, Aceware are participating in this drive to issue UPI IDs, QR code and provide digital training.
- Digital Payment Aggregators will handhold the street vendors to bring about enhanced adoption of digital transactions and behaviour change.
- To promote digital transactions instruction has been issued to the Lending Institutions (LIs) to handover a durable QR Code and train the beneficiaries for conducting digital receipt and payment transactions within a week of disbursement.
- PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched on June 1, 2020 as a Central Sector Scheme. The scheme facilitates affordable working capital loan of up to ₹10,000 with an interest subsidy @7% on regular repayment.