Page 64 - Shelter-October-2022

POLICY REVIEW
–nonagricultural) enterprises
has presented a model of
formalisation of 40 million
micro enterprises (evenly
divided in urban/rural areas)
out of 62 million MSMEs
(73 Round NSSO-2018) .
rd
xiv
These micro enterprises have
vast potential to (i) upward
growth (micro to small), (ii)
employment elasticity of
GDP, (iii) absorb youth (age
group 15-29) falling under
NEET (Not in Employment,
Education and Training) in
2019 and (iv) bring a regional
balance in the growth of
manufacturing and services
in India. These are commonly
outside the formal system of
credit, technology, marketing,
social security and insurance
with income lower than
minimum wages/ barely
enough to survive.
GENERIC AGENDA
FOR INTER-COUNTRY
ADAPTATION
PMSVANidhi provides a achievement of national
model to support street
vendors to achieve equity
and growth in the larger
context to tap potential of
urbanization (caused by
structural transition) and
nation building.
1. Develop a national data
base on USVs.
2. Launch a dedicated
web portal and Mobile
App on USV facilitation
for prompt access and
reporting under scheme.
62 HUDCO-HSMI Publication
3. Devise a package of 12. Arrange vending zone
scheme for Urban Street at specific locations to
Vendors to mainstream facilitate smooth conduct
them in the formal of business by USVs.
economy with higher 13. Incentivize and encourage
productivity and social digital transactions by
protection. USVs.
4. Induce liquidity in the
working capital base of FOLLOW UP
USVs with collateral free The achievements of the
loan. PMSVANidhi scheme in its
current form needs further
5. Scheme should include consolidation, including
disbursement in a couple digital transaction, during
of tranche subject to next 15 months with coverage
payment of earlier loan. of remaining four per cent
6. Include interest statutory towns, 10-15%
subvention to take bankers USVs and extension of loan
along. as per requirement and
benefits under SVANidhi
7. Develop concessions se Samriddhi. A detailed
and incentives as part feedback is also required for
of package based Indian economy and socio-
on timely payment, economic welfare measures,
digital transactions, public sector missions,
and environmental programs and schemes. The
safeguards. above generic agenda needs to
8. Tune the scheme to be encouraged by international
contribute towards community seeking
feedback from PMSVANidhi
commitment on UNSDGs. which deserve wider
9. Establish intergovern- documentation, publicity,
mental and inter intuitional recognition and nominations
synergy with nodal role to for International/regional
city government at grass Best Practices awards (Dubai
root level. International Award of Best
Practices etc.) and Habitat
10. Also involve bankers, Scroll of Honor.
USVs in the process of
synergy among layers of REFERENCES:
governments and formal i https://www .
institutions. hindustantimes.com/
11. Encourage upward shift i n d i a - n e w s / p m -
of USVs to the category of svanidhi-scheme-for-
small enterprises. street-vendors-benefits-
loan-amount-tenure/