The Union Cabinet has approved the restructuring and extension of the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Scheme, extending the lending period to March 31, 2030, with a total outlay of ₹7,332 crore. This initiative, jointly managed by the Ministry of Housing and Urban Affairs (MoHUA) and the Department of Financial Services (DFS), aims to benefit 1.15 crore beneficiaries, including 50 lakh new beneficiaries. DFS will facilitate access to loans and credit cards via banks, financial institutions, and their ground-level personnel.
Key features of the restructured scheme include increased first tranche loans up to ₹15,000 (from ₹10,000) and second tranche loans up to ₹25,000 (from ₹20,000), while the third tranche remains at ₹50,000. The scheme introduces UPI-linked RuPay Credit Cards for beneficiaries who have repaid their second loan, along with digital cashback incentives up to ₹1,600 for retail and wholesale transactions. Coverage is expanding from statutory towns to census towns and peri-urban areas.
The scheme emphasizes capacity building for street vendors, focusing on entrepreneurship, financial and digital literacy, and marketing skills. Food safety training, in partnership with FSSAI, will be provided to street food vendors. The SVANidhi se Samriddhi component will be strengthened through monthly Lok Kalyan Melas to ensure beneficiaries and their families receive benefits from various Government of India schemes.
Launched initially on June 1, 2020, to support street vendors during the COVID-19 pandemic, the PM SVANidhi Scheme has disbursed over 96 lakh loans amounting to ₹13,797 crore to more than 68 lakh street vendors as of July 30, 2025. Approximately 47 lakh digitally active beneficiaries have conducted over 557 crore digital transactions worth ₹6.09 lakh crore, earning ₹241 crore in cashback. 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 won the Prime Minister's Award for Excellence in Public Administration 2023 and the Silver Award for Excellence in Government Process Reengineering for Digital Transformation 2022.
Key Entities Referenced
PM Street Vendors AtmaNirbhar Nidhi PM SVANidhi Scheme: A micro-credit scheme launched by the Government of India to provide affordable loans to street vendors.
Ministry of Housing Urban Affairs MoHUA: The Indian government ministry responsible for programs related to urban development and housing.
Department of Financial Services DFS: A department under the Ministry of Finance responsible for overseeing financial institutions and services in India.
UPIlinked RuPay Credit Card: A credit card linked to the Unified Payments Interface (UPI) and RuPay network, aimed at providing easy access to credit for street vendors.
COVID19: The global pandemic that caused unprecedented hardships for street vendors, leading to the launch of the PM SVANidhi Scheme.
SVANidhi se Samriddhi: A component of the PM SVANidhi scheme focused on holistic welfare development of street vendors and their families.
Food Safety and Standards Authority of India FSSAI: An organisation responsible for setting standards for food articles in India.
Lok Kalyan Melas: Monthly welfare fairs to ensure benefits under various Government of India (GoI) schemes reach beneficiaries and their families.
Cabinet
Cabinet approves restructuring & extension of
lending period beyond 31.12.2024 of PM Street
Vendors AtmaNirbhar Nidhi (PM SVANidhi) Scheme
Enhanced Credit, UPI-linked Credit Cards, Digital
Adoption, and Holistic Socio-Economic Development
for Street Vendors and Their Families
Posted On: 27 AUG 2025 2:49PM by PIB Delhi
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the “Restructuring and
extension of the lending period beyond 31.12.2024 of Prime Minister Street Vendor’s AtmaNirbhar Nidhi
(PM SVANidhi) Scheme”. The lending period has now been extended until March 31, 2030. The total outlay
for the scheme is ₹7,332 crore. The restructured scheme aims to benefit 1.15 crore beneficiaries including 50
lakh new beneficiaries.
Implementation of the scheme would be the joint responsibility of Ministry of Housing & Urban Affairs
(MoHUA) and Department of Financial Services (DFS), with DFS being responsible for facilitating access to
loan/ credit cards through banks/financial institution and their ground level functionaries.
The key features of the restructured scheme include enhanced loan amount across first & second tranche,
provision of UPI-linked RuPay Credit Card for beneficiaries who have repaid the second loan, and digital
cashback incentives for retail & wholesale transactions. The scheme’s coverage is being expanded beyond
statutory towns to census towns, peri-urban areas etc. in graded manner.
The enhanced loan structure includes first tranche loans increased up to ₹15,000 (from ₹10,000) and second
tranche loans increased up to ₹25,000 (from ₹20,000), while the third tranche remains unchanged at ₹50,000.
The introduction of UPI-linked RUPAY Credit Card would provide immediate access of credit to the street
vendors in order to meet any emergent business and personal requirements.
Further, in order to give boost to digital adoption, the street vendors can avail cashback incentives upto ₹1,600
on making retail & wholesale transactions.
The scheme also focuses on building the capacity of the street vendors with a focus on entrepreneurship,
financial literacy, digital skills, and marketing through convergence. Standard hygiene and food safety
trainings would be conducted for street food vendors, in partnership with FSSAI.
In order to ensure holistic welfare & development of the street vendors and their families, the ‘SVANidhi se
Samriddhi’ component will be further strengthened, through monthly Lok Kalyan Melas. The intent is to
ensure that benefits under various GoI schemes reach the beneficiaries and their families in a saturation
approach.
st
The Government had initially launched PM SVANidhi Scheme on 1 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, over96 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.
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MJPS/BM
(Release ID: 2161157)