**Executive Summary**
The PM SVANidhi scheme celebrated its six-year anniversary on May 31, 2026, highlighting its success in providing collateral-free credit and social security to street vendors. During a commemorative event in Agartala, Union Minister Shri Manohar Lal distributed credit cards and loan sanction letters to beneficiaries from the North Eastern states. To date, the scheme has facilitated over 1.05 crore loan sanctions amounting to more than ₹17,800 crore, resulting in a 20% annual increase in average beneficiary incomes.
**Key Points / Main Content**
**Scheme Objectives and National Achievements**
* Provides affordable collateral-free micro-credit, digital inclusion, and social security to urban street vendors.
* Aims to ensure financial dignity, confidence, and self-reliance among the urban poor.
* Over 75.5 lakh street vendors have benefited nationwide since the scheme's launch in June 2020.
* More than 1.12 crore loans have been sanctioned, with disbursements exceeding ₹17,800 crore.
* Approximately 30% of beneficiaries have successfully accessed credit beyond the loans offered directly by the scheme.
**Regional Performance (North East and Tripura)**
* Over 2.59 lakh loans have been distributed across the North-Eastern region, totaling more than ₹430 crore in financial assistance.
* In Tripura specifically, more than 9,300 loans have been sanctioned, with nearly ₹15 crore disbursed to beneficiaries.
**Digital and Social Empowerment**
* Successfully onboarded 55 lakh street vendors onto digital payment platforms.
* Connected lakhs of vendors to the formal banking system for the first time.
* Conducted socio-economic profiling for over 50 lakh street vendor families under the "SVANidhi Se Samriddhi" initiative.
* Facilitated more than 1.52 crore sanctions for beneficiaries under eight other Central Government welfare schemes.
**Impact Analysis**
**Street Vendors**
**Impact**
Vendors gain access to the formal economy, collateral-free credit, and digital tools, leading to an average income increase of 20%. They also receive social security benefits and increased financial dignity.
**Action Required**
Vendors must engage with the formal banking system and utilize provided credit to strengthen and expand their livelihoods.
**Women Street Vendors**
**Impact**
High level of targeted empowerment, with 34.81 lakh women vendors benefiting from 51.84 lakh disbursed loans.
**Action Required**
Eligible women vendors should continue to apply for available micro-credit to foster business growth and financial independence.
**Ministry of Housing & Urban Affairs (MoHUA) and Government Bodies**
**Impact**
The Ministry has successfully integrated a significant portion of the urban poor into the formal financial sector and facilitated broad-spectrum welfare through "SVANidhi Se Samriddhi."
**Action Required**
The Ministry must continue to monitor loan disbursements, facilitate digital onboarding, and ensure the delivery of linked welfare schemes to vendor families.
Key Entities Referenced
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi): A flagship micro-credit scheme that provides affordable collateral-free credit, digital inclusion, and social security to street vendors.
Ministry of Housing & Urban Affairs (MoHUA): The primary ministry responsible for the implementation and monitoring of the PM SVANidhi scheme.
SVANidhi Se Samriddhi: A program focused on the socio-economic profiling of street vendor families to facilitate access to various central welfare schemes.
Shri Manohar Lal: The Union Minister for Housing and Urban Affairs who marked the scheme's six-year milestone and highlighted its regional impact.
North Eastern States: The primary geographic focus of the commemorative event, specifically including Assam, Tripura, Mizoram, Manipur, and Arunachal Pradesh.
Ministry of Housing & Urban Affairs
PM SVANidhi Completes Six Years of
Empowering Street Vendors Through Access to
Affordable Credit and Social Security
Shri Manohar Lal, marked the occasion in Agartala in
presence of beneficiaries from North Eastern States of
Assam, Tripura, Mizoram, Manipur, and Arunachal Pradesh.
The scheme has also recorded a 20% annual increase in
average beneficiary incomes
Over the last six years, more than 75.5 lakh street vendors
across the country have benefited under PM SVANidhi : Shri
Manohar Lal
Posted On: 31 MAY 2026 3:11PM by PIB Delhi
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi), the flagship micro-credit scheme of the Ministry
of Housing & Urban Affairs (MoHUA), has completed six years of empowering street vendors through
affordable collateral-free credit, digital inclusion and social security.
To commemorate the occasion, Hon’ble Union Minister of Housing & Urban Affairs, Shri Manohar Lal,
accompanied by Hon’ble Chief Minister of Tripura, Shri Manik Saha, engaged with PM SVANidhi
beneficiaries from Arunachal Pradesh, Assam, Manipur, Mizoram, and Tripura. During the event, they
distributed credit cards and loan sanction letters to street vendors from Tripura.
Since its launch in June 2020, PM SVANidhi has emerged as a transformative initiative for street vendors
which has facilitated access to formal credit and enabling beneficiaries to strengthen and expand their
livelihoods. The scheme has also facilitated more than 1.05 crore loan sanctions amounting to over
₹17,800 crore, benefiting street vendors across the country.
Union Minister for Housing and Urban Affairs Shri Manohar Lal said that Prime Minister Shri
Narendra Modi, recognising the hard work, struggles and contribution of street vendors, launched the PM
SVANidhi Scheme in 2020 with the vision of empowering the urban poor and strengthening their
livelihoods.
He said that the objective of the scheme was not merely to provide collateral-free loans, but also to ensure
dignity, confidence and opportunities for street vendors to move forward in life with financial security and
social recognition.
Highlighting the achievements of the scheme, Shri Manohar Lal stated that over the last six years, more
than 75.5 lakh street vendors across the country have benefited under PM SVANidhi.The Union Minister further informed that more than 1.12 crore collateral-free loans have been sanctioned
under the scheme across the country, while over ₹17,800 crore has been disbursed to beneficiaries so far.
Referring to the North-Eastern region, Shri Manohar Lal said that more than 2.59 lakh loans have
been distributed in the region, through which financial assistance amounting to over ₹430 crore has been
extended to street vendors.
Speaking specifically about Tripura, the Union Minister stated that more than 9,300 loans have been
sanctioned in the state so far and nearly ₹15 crore has been disbursed to beneficiaries under the scheme.
Shri Manohar Lal also noted that lakhs of people have connected with the banking system for the first
time through PM SVANidhi and have become part of the formal economy, thereby paving the way for
financial inclusion and self-reliance.The impact of the scheme over the last six years has been transformative in every aspect. To put things
into perspective, 34.81 lakh women street vendors have been empowered under the PM SVANidhi
scheme, 51.84 lakh loans have been disbursed to women street vendors across the country, and 55 lakh
street vendors have been digitally onboarded. Additionally, the scheme has also recorded a 20% annual
increase in average beneficiary incomes while more than 30% of the street vendors have accessed credit
beyond the loans offered by the scheme.
Key Achievements of PM SVANidhi
1.05 crore+ loan sanctions facilitated.
₹17,800 crore+ disbursed under the scheme.
34.81 lakh women street vendors empowered.
50 lakh+ street vendor families socio-economically profiled under SVANidhi Se Samriddhi.
1.52 crore+ welfare scheme sanctions facilitated under eight Central Government welfare schemes.
****
SK
(Release ID: 2267218) Visitor Counter : 2195
Read this release in: Urdu , ही , Bengali , Punjabi , Gujarati , Odia , Tamil , Kannada