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The PM SVANidhi Scheme has been restructured to extend its coverage beyond statutory urban areas to include census towns and peri-urban regions. A series of impact studies reveals significant benefits for street vendors, including increased business income, improved access to formal credit, and enhanced living conditions. The Ministry of Housing
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The PM SVANidhi Scheme has been restructured to extend its coverage beyond statutory urban areas to include census towns and peri-urban regions. A series of impact studies reveals significant benefits for street vendors, including increased business income, improved access to formal credit, and enhanced living conditions. The Ministry of Housing
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Prime Minister Shri Narendra Modi marked the sixth anniversary of the PM SVANidhi scheme, celebrating its transformative impact on street vendors across India. The scheme offers collateral-free credit, financial inclusion, and growth opportunities, empowering vendors and enhancing the economy. Modi conveyed his best wishes to the beneficiaries, applauding their resilience
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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
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PM SVANidhi, launched in 2020, has become a cornerstone for economic empowerment among street vendors in India's informal urban economy. Offering over 1.12 crore loans worth ₹17,800 crore, the initiative provides collateral-free loans while advancing digital literacy and financial inclusion. By 2026, PM SVANidhi achieved significant
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The PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) Scheme, originally launched to assist street vendors during the COVID-19 pandemic, has been restructured to extend its support until 2030. The scheme now aims to benefit 1.15 crore vendors, including 50 lakh new participants, by providing enhanced loan amounts
PM SVANidhi Scheme
Union Minister of Housing and Urban Affairs, Shri Manohar Lal, chaired a review meeting on the PM SVANidhi Scheme with representatives from 33 States and Union Territories, banks, and officials from the Ministry of Housing and Urban Affairs. The meeting focused on assessing progress, addressing challenges, and enhancing support for
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