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POLICY REVIEW
study indicated that, in spite policy making in India. This Urban World. Volume 17,
of the scheme’s poor coverage budget has acknowledged the Number 1, January-March,
and small short term financial importance of formulating 2024. Regional Centre for
assistance of Rs. 10000, a framework for enabling Urban & Environmental
the scheme beneficiaries policies, bankable projects and Studies (RCUES), All India
utilised the money to ease market-based mechanisms. Institute of Local Self
their business losses during Empowerment of the city Government (AIILSG),
COVID and to avoid debt trap government in terms of Mumbai.https://www.aiilsg.
of the private moneylenders. functions, finances and org/pdf/Final_The%20
Provision of 100 weekly functionaries should centrally Urban%20World%20Jan_-
‘haats’ or street food hubs in feature in that framework. March_%202024.pdf
select cities, as declared in Empowered city governments
the budget, would hardly be can better conceive bankable Harish, S. (2021). Affordable
able to address the livelihood projects and leverage the rental housing complexes
challenges of millions of market-based financing scheme and private rental
urban informal workers instruments. Finally, the housing in Indian cities.
including the street vendors. foregoing discussion reveals Economic and Political
There is a strong need for exclusionary trend and Weekly. Vol LVI No 16. April.
extending the outreach of perspective in-built in the HPEC (2011): Report on
PM SVANidhi with higher urban development program Indian Urban Infrastructure
limit of credit, awareness as well as policy design. So, and Services, March.
campaigning, simplification instead of focusing on the https://pmaymis.gov.in/
of loan application process needs of the urban poor in
and involvement of the city isolation, it is imperative to Indian Council for Research
government to meet the integrate their needs through on International Economic
livelihood challenges of the participatory urban planning Relations. (2020). Housing for
street vendors. and governance so as to India’s low-income
achieve the mission of Viksit households a demand
Summing Up Bharat – Developed India by perspective, W o r k i n g
With the limited availability 2047. Paper 402. New Delhi,
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at best, partly contribute Constraints to commercial
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the investment deficits. This Opportunities & Challenges Poor: Changes in Credit-
requires rethinking the urban for Urban Development. The linked Subsidy. Economic
64 HUDCO-HSMI Publication