2 days ago
Modi Highlights Babita Sharma’s PM SVANidhi-Funded Business Transformation
Prime Minister Narendra Modi spoke about Babita Sharma on his Mann Ki Baat programme.
Babita runs a shop in Ghaziabad selling items used for worship.
She faced serious difficulties after her husband left her during the Covid-19 pandemic.
She learned about the PM SVANidhi scheme from someone she knew.
The scheme helped her receive a loan of Rs 10,000 to start and grow her business.
Later, she received loans of Rs 20,000 and Rs 50,000.
Her small stall became a proper shop as her stock, customers, and income increased.
She can now help pay for her children’s education.
Prime Minister Narendra Modi highlighted Ghaziabad vendor Babita Sharma’s story on the Mann Ki Baat programme.
Sharma said PM SVANidhi helped her rebuild her livelihood after her husband abandoned her during the Covid-19 pandemic.
She began with a Rs 10,000 loan and later obtained loans of Rs 20,000 and Rs 50,000.
Her stall selling worship items grew into a shop, enabling her to support her children’s education.
The PM SVANidhi scheme was launched in June 2020 to provide government-backed microcredit support to street vendors.
- Who
- Prime Minister Narendra Modi and Babita Sharma, a PM SVANidhi beneficiary from Ghaziabad.
- What
- Modi shared Sharma’s business-growth story and praised her entrepreneurial efforts under the PM SVANidhi scheme.
- Where
- The story concerns Babita Sharma’s business in Ghaziabad and was shared on the Mann Ki Baat programme.
- When
- Modi discussed the story on Sunday; PM SVANidhi was launched in June 2020.
- Why
- Sharma needed capital to rebuild and expand her livelihood after facing hardship during the Covid-19 pandemic.
Key facts
- Beneficiary
- Babita Sharma of Ghaziabad
- Initial loan
- Rs 10,000
- Subsequent loans
- Rs 20,000 and Rs 50,000
- Business
- A stall and later a shop selling flowers, earthen lamps, incense sticks, and coconuts for worship
- Scheme launch
- June 2020
- Scheme focus
- Microcredit for street vendors with government-backed credit guarantee support
- Reported outcome
- Sharma expanded her business and is able to provide education for her children
Quotes
Narendra Modi
Prime Minister of India, speaking on the Mann Ki Baat programme
“Babita ji used to run a small stall selling items for worship – such as flowers, earthen lamps, incense sticks, and coconuts – thereby contributing to her family's livelihood.”
thehansindia.com
Sources
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