Unorganized Sector

SHRAM SHAKTI NITI 2025: NATIONAL LABOUR & EMPLOYMENT POLICY

The Draft Shram Shakti Niti 2025 to empower the workforce by extending social security to unorganized and gig workers, promoting skill development, and ensuring safe workplaces. It leverages technology to build a future-ready labor force, promoting inclusive growth, and shifts from welfare-based to rights-based worker empowerment for economic progress.

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PM SVANIDHI SCHEME: SIGNIFICANCE, CHALLENGES, WAY FORWARD

PM SVANidhi scheme, launched in 2020, offers collateral-free working capital loans to street vendors to restart and expand their businesses. Recently extended until March 31, 2030, with enhanced loan amounts and new features like UPI-linked RuPay Credit Cards, the scheme significantly improves vendors' socio-economic status and promotes self-reliance.

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