ACHIEVEMENTS AND SOCIO-ECONOMIC IMPACT UNDER THE PM SVANIDHI SCHEME - 10th August 2026 - Ministry of Housing and Urban Affairs - Gazette Notification PDF
Issued by Ministry of Housing and Urban Affairs
Read or download the official PDF of this gazette notification issued by the Ministry of Housing and Urban Affairs on 10th August 2026. Classified under Press Release.
Executive Summary & Key Takeaways
Executive Summary The PM SVANidhi Scheme, launched on June 1, 2020, facilitates collateral-free working capital loans to urban street vendors to promote financial inclusion and business expansion. As of July 12, 2026, the scheme has disbursed over 1.15 crore loans amounting to ₹18,475 crore to 76.95 lakh vendors. Key milestones include a 20% increase in beneficiary income and the successful linkage of vendors to eight additional central welfare schemes through the ‘SVANidhi se Samriddhi’ initiative.
Key Points / Main Content
Loan Disbursement and Financial Inclusion
- Facilitated collateral-free loans for 76.95 lakh street vendors, totaling ₹18,475 crore since inception.
- Served as the first-ever bank loan for 95% of beneficiaries according to a 2023 study.
- Established a "graduation" system where timely repayment allows vendors to access 2nd and 3rd loan tranches.
- Helped 30% of borrowers build credit histories, enabling them to access other formal credit sources.
Economic and Socio-Economic Impact
- Reported a 20% growth in average annualized business income for borrowers between 2023 and 2025.
- Improved vendor family living conditions, food security, healthcare access, and support for children’s education.
- Stabilized household cash flows by easing credit constraints.
Digital Adoption and Incentives
- Incentivized digital adoption with monthly cashbacks of up to ₹100 and quarterly cashbacks for wholesale purchases of at least ₹2,000.
- Recorded over 875 crore digital transactions and disbursed ₹412 crore in cashback incentives as of May 2026.
‘SVANidhi se Samriddhi’ Initiative
- Launched on January 4, 2021, to provide a social safety net by linking beneficiaries to eight central welfare schemes, including insurance (PMJJBY, PMSBY), pensions, and food security (ONORC).
- Completed socio-economic profiling for 50.63 lakh beneficiaries, leading to 1.56 crore total scheme sanctions.
Impact Analysis
Urban Street Vendors Impact Vendors gain access to institutional credit, improved business income, and the ability to build a formal credit history. They also receive direct financial incentives for digital transactions. Action Required Vendors must ensure timely repayment of current loans to graduate to higher loan tranches and engage in digital transactions to claim available cashback incentives.
Vendor Families Impact Families benefit from improved socio-economic indicators, including better nutrition, education, and health. They also gain access to a social safety net through linked welfare schemes. Action Required Families should participate in socio-economic profiling to ensure they are linked to the eight eligible Central Government welfare schemes.
Urban Local Bodies (ULBs) Impact ULBs serve as the implementation hubs for the scheme, with studies covering approximately 100 ULBs to monitor the progress and financial inclusion of local vendors. Action Required ULBs must continue to facilitate the identification of beneficiaries and support the socio-economic profiling required for the ‘SVANidhi se Samriddhi’ component.