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Namo Stall Scheme Launched in Ranchi for Street Vendors

2 May 20261 min read
GOVERNMENT SCHEMESNamo StallScheme Launchedin Ranchi forStreet Vendors2 May 2026safalsetu.com

Why in the news

Union Minister of State Sanjay Seth rolled out the Namo Stall Scheme in Ranchi, aimed at uplifting street vendors under the PM SVANidhi umbrella.

Key facts

  • Launched by: Sanjay Seth, Union MoS, at Ranchi.
  • Parent scheme: PM SVANidhi.
  • Initial phase benefit: free stalls valued at ₹50,000 each.
  • Credit support: stronger access to collateral-free loans with an interest subsidy.

Significance

  • Improves the infrastructure and public visibility of street vendors.
  • Empowers small vendors through formal credit access without pledging security.

Exam angle

  • Scheme name: Namo Stall Scheme, a component linked to PM SVANidhi.
  • Location of launch: Ranchi.
  • Key feature: collateral-free loans with interest subsidy.

Test yourself

1. The Namo Stall Scheme was launched in Ranchi under which existing scheme for street vendors?

It operates under the PM SVANidhi Scheme.

2. What is the value of the free stalls offered in the initial phase of the Namo Stall Scheme?

Initial-phase stalls are worth ₹50,000.

3. Who launched the Namo Stall Scheme in Ranchi?

Union MoS Sanjay Seth launched it.

This topic is part of Daily Current Affairs 2 May 2026 (15 topics).

All topics of the dayDay quizMay 2026

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