Main Bhi Digital 3.0-Sanskriti IAS

Ministry of Housing and urban Affairs (MoHUA) in collaboration with the Ministry of Electronics & Information Technology (MeitY) launched the pilot drive 'Main Bhi Digital 3.0' - A special Campaign for Digital Onboarding and Training for street vendors under PM SVANidhi scheme across 223 cities in the country.
The BharatPe, Mswipe, PhonePe, Paytm, Aceware are participating in this drive to issue UPI IDs, QR code and provide digital training. Digital Payment Aggregators will handhold the street vendors to bring about enhanced adoption of digital transactions and behaviour change.
To promote digital transactions instruction has been issued to the Lending Institutions (LIs) to handover a durable QR Code and train the beneficiaries for conducting digital receipt and payment transactions within a week of disbursement. SIDBI has been appointed as the implementation agency for scheme administration.
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) was launched on June 1, 2020 as a Central Sector Scheme. The scheme facilitates affordable working capital loan of up to ₹10,000 with an interest subsidy @7% on regular repayment.
The street vendors are not required to pay any collateral for the loan. The scheme provides Graded Guarantee Cover, to Lending Institutions, on a portfolio basis. The scheme targets to cover 50 lakh street vendors, who had been vending on or before March 24, 2020.

Main Bhi Digital 3.0