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The PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi), launched by the Ministry of Housing & Urban Affairs, celebrates six successful years of empowering street vendors with affordable credit and social security. Since its inception in June 2020, the scheme has facilitated more than 75.5 lakh street vendors
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The PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme launched by the Government of India provides financial support to street vendors through affordable working capital loans, fostering financial inclusion and social protection. Introduced in June 2020 amidst pandemic challenges, the scheme is jointly implemented by the Ministry of
PM SVANidhi
Union Minister Sarbananda Sonowal praised the PM SVANidhi scheme for empowering small traders and criticized the Congress party for its past failures in welfare. He emphasized the scheme's role in providing financial support during the COVID-19 pandemic and ensuring that aid reaches the intended beneficiaries without middlemen interference.
PM SVANidhi
The Union Cabinet has approved the restructuring and extension of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme until March 31, 2030, with a total outlay of ₹7,332 crore. The scheme aims to benefit 1.15 crore street vendors, including 50 lakh new beneficiaries, by enhancing loan