PM SVANidhi LOANS

**Executive Summary** The PM SVANidhi scheme provides working capital loans to eligible street vendors. To enhance scheme implementation, the Ministry of Housing & Urban Affairs (MoHUA) has undertaken awareness campaigns, restructured the scheme with updated features, and organized events like Lok Kalyan Melas from September 17th to October 15th, 2025. A special campaign to clear pendency ran from November 3rd to December 2nd, 2025. **Key Points / Main Content** * **Scheme Purpose and Scope:** * PM SVANidhi is a demand-driven scheme offering working capital support to eligible street vendors, including migrant and seasonal vendors. * Loan applications are processed via the PM SVANidhi portal or mobile app. * As of January 31st, 2026, 72.71 lakh street vendors had availed loans under the scheme. * **Implementation and Awareness Initiatives:** * MoHUA has conducted awareness campaigns using radio, television, social media, and newspapers. * Information, Education, and Communication (IEC) materials are provided to States and Union Territories in local languages. * SMS messages were sent to approximately 69 lakh beneficiaries informing them of restructured scheme features. * **Scheme Restructuring and Support Activities:** * The restructured PM SVANidhi scheme was approved on August 27th, 2025. * Lok Kalyan Melas were held from September 17th to October 15th, 2025, to promote new features, facilitate vendor mobilization, loan submissions, faster disbursement, and digital onboarding. * A special campaign from November 3rd to December 2nd, 2025, aimed to clear pendencies at bank and Urban Local Body (ULB) levels. * **Digital Adoption and Grievance Redressal:** * Urban Local Bodies (ULBs), in collaboration with Digital Payment Aggregators (DPAs), conduct digital literacy camps to promote digital onboarding and cashless payments. * Cashback incentives are offered to beneficiaries to encourage cashless transactions. * The PM SVANidhi mobile application features a voice-based grievance redressal system, and vendors can also approach ULBs and banks directly for grievances. * **Monitoring and Review:** * MoHUA, in conjunction with the Department of Financial Services (DFS), conducts regular review meetings with States/UTs, ULBs, and Lending Institutions (LIs) to assess performance and address issues. **Impact Analysis** * **Street Vendors** * **Impact:** Eligible street vendors can access working capital loans to support their livelihoods. They are informed of new scheme features and benefits through various communication channels and SMS. They receive support for loan application, disbursement, and digital onboarding. They can access digital literacy training and cashback incentives for cashless payments. They have a voice-based grievance redressal system and can approach ULBs/banks for help. * **Action Required:** Apply for loans via the PM SVANidhi portal or app. Participate in awareness campaigns, digital literacy camps, and Lok Kalyan Melas. Utilize the grievance redressal system for any issues. * **Urban Local Bodies (ULBs) and State/UT Governments** * **Impact:** These bodies are responsible for conducting surveys, issuing Certificates of Vending, and organizing events like Lok Kalyan Melas. They collaborate with DPAs for digital literacy and assist in vendor mobilization and loan processing. They are involved in review meetings to assess scheme performance. * **Action Required:** Conduct surveys, issue Certificates of Vending, organize Lok Kalyan Melas, conduct digital literacy camps, and participate in review meetings with MoHUA and DFS. * **Lending Institutions (LIs)** * **Impact:** LIs are involved in loan disbursement and participate in review meetings to assess scheme performance. * **Action Required:** Participate in review meetings to assess ground-level performance and address any issues. * **Ministry of Housing & Urban Affairs (MoHUA) and Department of Financial Services (DFS)** * **Impact:** These ministries are responsible for the overall implementation, restructuring, awareness campaigns, and monitoring of the PM SVANidhi scheme. They conduct review meetings with stakeholders. * **Action Required:** Continue to implement awareness campaigns, provide IEC materials, conduct review meetings, and monitor scheme performance.

Key Entities Referenced