- Lending period extended to March 31, 2030, with a ₹7,332 crore outlay.
- First loan tranche increased to ₹15,000 and second tranche to ₹25,000.
- UPI-linked RuPay Credit Cards will be issued to eligible vendors.
GG News Bureau
New Delhi, 27th Aug: The Union Cabinet has approved the restructuring and extension of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme until March 31, 2030.
The scheme’s total outlay is ₹7,332 crore and aims to benefit 1.15 crore street vendors, including 50 lakh new beneficiaries.
The revamped scheme features enhanced loan amounts for the first and second tranches, the introduction of UPI-linked RuPay Credit Cards, and digital cashback incentives.
It also expands coverage to new areas beyond statutory towns.
The Government had initially launched PM SVANidhi Scheme on 1st June 2020 to support street vendors who faced unprecedented hardships during the COVID-19 pandemic. However, since the inception of the scheme it has proved to be more than financial support for street vendors and has given them a sense of identity & formal recognition for their contribution to the economy.
The celebrated PM SVANidhi scheme has already achieved significant milestones. As of July 30, 2025, over 96 lakh loans amounting to ₹13,797 crore have been disbursed to more than 68 lakh street vendors. Nearly 47 lakh digitally active beneficiaries have conducted over 557 crore digital transactions worth ₹6.09 lakh crore, earning a total cashback of ₹241 crore. Under the ‘SVANidhi se Samriddhi’ initiative, 46 lakh beneficiaries across 3,564 Urban Local Bodies (ULBs) have been profiled, leading to over 1.38 crore scheme sanctions.
The scheme has received national recognition, winning the Prime Minister’s Award for Excellence in Public Administration (2023) for Innovation (Central Level) for its outstanding contribution to boosting the economy, promoting livelihoods, advancing financial inclusion, and driving digital empowerment and the Silver Award for Excellence in Government Process Re-engineering for Digital Transformation (2022).
The extension of the scheme envisages the holistic development of street vendors by offering a reliable source of finance to support business expansion and opportunities for sustainable growth. This will not only empower street vendors but will also foster inclusive economic growth, socio-economic upliftment of street vendors and their families enhancing their livelihoods, and ultimately transforming urban spaces into a vibrant, self-sustaining ecosystem.
