The government has increased the loan limit of PM SVANidhi, now you will get this much more than before..
PM SVANidhi Scheme: Very good news has come for the crores of street vendors of the country, who work hard day and night to fulfill our and your needs on the streets of the cities. A historic decision has been taken regarding the 'PM SVANidhi' scheme in the Union Cabinet meeting chaired by Prime Minister Narendra Modi.
The government has not only extended this superhit scheme till March 2030, but has also made so many great changes in it that it has now become a life-changing scheme for street vendors. Now they will not only get more loans than before to expand their work, but for the first time, they will also get the power of a UPI-linked RuPay Credit Card.
What is PM SVANidhi Yojana?
First of all, it is important to know what this scheme is. When the lockdown was imposed during the Corona epidemic, these street vendors were hit the hardest. Their business was completely ruined. In such a situation, on June 1, 2020, the Modi government started the 'PM Street Vendors Atmanirbhar Nidhi' (PM SVANidhi) scheme to help them. Its purpose was to get the street vendors out of the expensive loans of moneylenders and get them a small loan (working capital) from banks on very easy terms, so that they can start their work again.
What are the major changes now?
1. Now you will get more loans than before
First loan: Till now, a loan of ₹ 10,000 has been available for the first time. Now it has been increased to ₹ 15,000.
Second loan: After repaying the first loan on time, the amount of the second loan has been increased from ₹ 20,000 to ₹ 25,000.
Third loan: The amount of the third loan will remain ₹ 50,000 as before.
2. The biggest game changer - now you will get a credit card
This is the most revolutionary step of this scheme. Beneficiaries who successfully repay their second loan will now be given a UPI-linked RuPay credit card by the banks. This will enable them to get money immediately for sudden business or personal needs. Now they will not need to beg in front of anyone.
3. Reward (cashback) will be given on digital shopping
To promote Digital India, the government will now give a huge reward to these small traders for digital transactions. Street vendors will be able to get cashback up to ₹ 1600 on retail and wholesale transactions.
4. Now the scheme will reach villages and towns
This scheme will no longer be limited to big cities only. The government will gradually implement it in Census Towns and Peri-urban areas as well.
Not just loans, the whole family will get benefits.
The aim of the government is not just to give loans, but to bring about the holistic development of these hardworking people and their families. For this, the 'Swanidhi se Samriddhi' campaign will be further strengthened. 'Lok Kalyan Melas' will be organized every month to ensure that these beneficiaries and their families also get the full benefit of other schemes of the government (like Ujjwala Yojana, Ayushman Bharat, PM Awas Yojana, etc.).
Apart from this, people who sell food items will also be given special training on hygiene and food safety in collaboration with FSSAI.
Success story so far
You can get an idea of how successful this scheme has been from these figures. As of July 30, 2025, more than 96 lakh loans have been distributed to more than 68 lakh street vendors, the total amount of which is ₹ 13,797 crore. About 47 lakh beneficiaries are digitally active and have done more than 557 crore digital transactions. This scheme has also received big honors like 'Prime Minister Excellence Award' (2023) and 'Excellence Award for Digital Transformation' (2022) for its success.
Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
