Rapid Fire
PM SVANidhi 2.0
- 29 Aug 2025
- 2 min read
The Union Cabinet has approved the restructuring and extension of the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme, until 31st March 2030 with an aim to benefit 1.15 crore street vendors, including 50 lakh new beneficiaries.
- PM SVANidhi Scheme: Launched by the Ministry of Housing & Urban Affairs (MoHUA) in 2020. It aims to support street vendors affected by the Covid-19 pandemic by providing working capital loans to restart their businesses and promoting financial inclusion and digital transactions.
- PM SVANidhi offers interest subsidy on timely loan repayment, cashback for digital transactions, and eligibility for enhanced next tranche of loans.
- 'SVANidhi se Samriddhi' component under PM SVANidhi provides social security benefits to street vendors.
- As of July 2025, over 96 lakh loans worth Rs 13,797 crore were disbursed to 68 lakh street vendors.
- The scheme won the Prime Minister’s Award for Excellence in Public Administration (2023) for innovation and the Silver Award for Government Process Re-engineering (2022) for digital transformation.
- PM SVANidhi 2.0: Implementation of the scheme would be the joint responsibility of MoHUA and Department of Financial Services (DFS).
- Enhanced loan amounts across first and second tranches, providing greater working capital.
- Provides UPI-linked RuPay Credit Card for vendors who have repaid the second loan, ensuring quick access to credit for business or personal needs.
- Expanded coverage beyond statutory towns to census towns and peri-urban areas in a graded manner.
- ‘SVANidhi se Samriddhi’ initiative will be strengthened further through monthly Lok Kalyan Melas to ensure beneficiaries access multiple government schemes.
- The scheme focuses on building vendors’ capacity in entrepreneurship, digital skills, and food safety in partnership with Food Safety and Standards Authority of India.
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Read more: PM SVANidhi Scheme |
