class live ho gae hai,,, Aa jao sare Tyari wale

Class live ho chuki hai,,,,, kiska wait hai apko,, go nd watch the video

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Class at 8 pm join on time

Class Live ho gae h aa jao sare Tyari wale

Today Current Affair session is at 7:30 pm..... be ready Guys

class live ho gae hai,,, Aa jao sare Tyari wale

Class is live for all compitive account

Class at 8 pm

Class at 8 pm

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✅ PM SVANidhi Yojana 2020 - A Street Vendor's Scheme

PM SVANIDHI Yojana 2020 launched by the central government aims at enabling the street vendors to resume their livelihood which has been adversely affected due to COVID-19 pandemic and the subsequent lock down imposed by the government. This special micro-credit facility scheme will provide affordable loans to street vendors.

🔷Objective of PM SVANidhi yojana
➖ To provide affordable working capital loans to street vendors which can help them to resume their livelihood activities post-countrywide lock down imposed by government (due to Covid-19 pandemic.)
➖ To incentivize regular repayment of loans by provisions like cash-back, higher loans on subsequent demands etc.


🔷Scheme Benefits
➖ Vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly installments in the tenure of one year.
➖ A vendor does not have to provide any collateral security to access the loan.
➖ On timely/ early repayment of the loan, an interest subsidy @ 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer on quarterly basis.
➖ The scheme promotes digital transactions through cash back incentives up to an amount of Rs. 100 per month.
➖ The vendors can avail the facility of escalation of the credit limit on timely/ early repayment of loan.


🔷Beneficiaries
This scheme targets to benefit over 50 lakh Street Vendors. (Those street vendors as on/before 24th March 2020)

A vendor, according to the scheme guidelines is any person engaged in vending of articles, goods, wares, food items or merchandise of daily use or offering services to the public in a street, footpath, pavement etc., from a temporary built up structure or by moving from place to place.

The goods supplied by them include vegetables, fruits, ready-to-eat street food, tea, pakodas, breads, eggs, textile, apparel, artisan products, books/ stationary etc. and the services include barber shops, cobblers, pan shops, laundry services etc.


🔷Scheme implementation Bodies
➖ Regional Rural Banks
➖ Scheduled Commercial Banks
➖ Small Industries Development Bank of India (SIDBI)
➖ Micro-Finance Institutions
➖ Cooperative banks
➖ Non-banking financial companies
➖ Self Help Groups (SHG) Banks.

✍️Procedure under the CDR System

The Referring Lender or JLF, shall prepare the preliminary Restructuring Scheme and forward the same to the CDR Cell. The CDR Cell shall, after receipt of the preliminary Restructuring Scheme prepare a Restructuring Scheme in terms of the general policies and guidelines approved by the CDR Standing Forum and submit the same to the CDR Empowered Group for taking a view on the prima facie feasibility of the said scheme, within thirty days from the date of receipt of Reference.

Decision Process

A Decision of the CDR Empowered Group relating to prima facie feasibility and/or final approval of a Restructuring Scheme shall be taken by a Super-Majority Vote at a duly convened meeting, after giving reasonable notice, to the Lenders and to the Eligible Borrower.

Super-Majority Vote means the vote cast in favour of a proposal by not less than 60% by number and not less than 75% by value of the aggregate principal outstanding.

Implementation and Monitoring of Restructuring Schemes

The CDR Empowered Group may constitute through CDR Cell, a Monitoring Committee to oversee the due implementation of the Approved Restructuring Scheme. The Monitoring Committee shall also be empowered to discuss and resolve outstanding issues, if any, within the framework of the Approved Restructuring Scheme and in case any variation/modification to the Approved Restructuring Scheme is felt necessary, the same shall be referred to the CDR Empowered Group for approval. The Monitoring Committee, will meet every month and if necessary more frequently till the package is implemented and thereafter once in three months. The Monitoring Institution shall report the progress of implementation of the Approved Restructuring Scheme to the CDR Cell on monthly basis. In case of any difficulty in implementation of the Approved Restructuring Scheme, the Monitoring Committee may approach the CDR Empowered Group for necessary direction and/or guidance. In case of any difference in respect of interpretation of the Approved Restructuring Scheme, the decision of the CDR Empowered Group shall be final and binding on the concerned parties.

The CDR Cell in consultation with the Monitoring Institution and/or the members of the Monitoring Committee may place a review note/status note before CDR Empowered Group with regard to status of implementation of the package, operational performance, security creation and compliance of terms and conditions of approval by the concerned Lenders/Eligible Borrower.

Appeal to the CDR Core Group

An appeal against the decisions of the CDR Empowered Group shall lie to the CDR Core Group. The appeal shall be preferred within a period of 15 days from the date of receipt of letter of the CDR Cell communicating the decision of the CDR Empowered Group and shall contain the grounds on which the decision of CDR Empowered Group is challenged.

In case of CDR Empowered Group holds that restructuring of the Eligible Borrower is prima facie feasible or where JLF had arrived at a decision regarding the preliminary viability of restructuring the CDR Cell shall proceed with the preparation of a detailed Restructuring Scheme with the assistance of the Referring Lender, Lead Institution, JLF and the Eligible Borrower.

The CDR Cell shall finalise the detailed Restructuring Scheme and submit the same to the CDR Empowered Group for its examination and approval. The CDR Empowered Group may on due consideration make such modifications as it may consider necessary and shall take a decision in the matter.

The CDR Cell shall communicate the decisions of the CDR Empowered Group to the Lenders and the Eligible Borrower. Wherever Additional Finance, if any, is envisaged in the Approved Restructuring Scheme, the same shall be provided on pro-rata basis by all the Lenders to the Eligible Borrower, whose account is classified as standard or sub-standard.