PM SVANidhi 2.0

  • 01 Sep 2025

Tags:

In News:

The Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme, launched on 1st June 2020 amidst the COVID-19 crisis, has emerged as a landmark initiative for supporting urban street vendors by providing collateral-free working capital loans, promoting digital inclusion, and enabling social security access.

In August 2025, the Union Cabinet approved the restructuring and extension of the scheme till 31st March 2030, with an enhanced outlay of ?7,332 crore to benefit 1.15 crore beneficiaries, including 50 lakh new entrants.

Key Features of the Restructured Scheme

  • Enhanced Loan Tranches
    • 1st tranche: ?15,000 (earlier ?10,000)
    • 2nd tranche: ?25,000 (earlier ?20,000)
    • 3rd tranche: ?50,000 (unchanged)
  • UPI-linked RuPay Credit Card
    • Available for vendors who have repaid the second loan.
    • Ensures instant credit access for business and personal needs.
  • Digital Incentives
    • Cashback up to ?1,600 on digital transactions.
    • Promotes financial literacy and digital adoption.
  • Expanded Coverage
    • From statutory towns to census towns, peri-urban areas, in a phased manner.
  • Capacity Building & Convergence
    • Training in entrepreneurship, financial literacy, and digital skills.
    • Food safety & hygiene certification for street food vendors in partnership with FSSAI.

‘SVANidhi se Samriddhi’ Component

  • Ensures saturation coverage of welfare schemes for vendors’ families.
  • Monthly Lok Kalyan Melas to connect beneficiaries with schemes like PM Suraksha Bima Yojana, PM Jeevan Jyoti Bima Yojana, Ayushman Bharat, and PM Jan Dhan Yojana.

Achievements Till Date (as of July 2025)

  • 96 lakh loans disbursed worth ?13,797 crore to 68 lakh vendors.
  • 47 lakh digitally active beneficiaries with over 557 crore transactions worth ?6.09 lakh crore.
  • ?241 crore cashback earned by vendors.
  • 46 lakh beneficiaries profiled across 3,564 ULBs, leading to 1.38 crore scheme sanctions.
  • Recognitions:
    • PM’s Award for Excellence in Public Administration (2023) for Innovation.
    • Silver Award (2022) for Government Process Re-engineering in Digital Transformation.