Current Affairs - State - Discussion

Madhya Pradesh was recognized as the 'Best Performing State' under the Prime Minister SVANidhi scheme, which aims to support urban street vendors with collateral-free loans up to ₹50,000. This accolade was announced by the Union Housing and Urban Affairs Ministry, highlighting Madhya Pradesh's effective management and implementation of the scheme. Launched in June 2020 during the COVID-19 pandemic, the PM SVANidhi scheme helps street vendors recover from the economic impact by providing micro-credit, thereby enhancing their financial stability and supporting small businesses.