Gandhinagar, June 1 (IANS) A loan received under the PM SVANidhi scheme helped a young street food vendor in Gujarat’s Gandhinagar revive his business, adopt digital payments, and improve his family’s financial condition, as the central government marked six years of the programme aimed at supporting street vendors. Yograj Mali, a 30-year-old B.Com student who runs a small Cholaphali business in Gandhinagar, is among the beneficiaries of the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM S…
Latest PM SVANidhi Scheme News & Updates
New Delhi, June 1 (IANS) Marking six years of PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi), Prime Minister Narendra Modi on Monday praised the scheme’s success in delivering collateral-free credit, financial inclusion, and growth opportunities to street vendors while emphasising themes of trust, dignity, and national economic contribution. Launched in June 2020 during the Covid pandemic, the government has extended the initiative until 2030 with an increased outlay of Rs 7,332 crore and hi…
New Delhi, May 31 (IANS) As the Prime Minister Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) completes six years of providing loans and propping up crores of street vendors, hit by the Covid-19 pandemic, on June 1, 2026 (Monday), a lookback at the scheme shows its contribution in handholding the sector and bringing back to life, which once precariously hanged in despair and uncertainty. The scheme was launched by Prime Minister Narendra Modi on June 01, 2020, with the aim of facilitating co…
New Delhi, May 31 (IANS) Union Minister for Housing and Urban Affairs Manohar Lal on Sunday said that the PM SVANidhi Scheme, launched by Prime Minister Narendra Modi in 2020, has emerged as a major initiative to empower street vendors and strengthen the livelihoods of the urban poor across the country.Highlighting the impact of the scheme, the Union Minister said the initiative was aimed not only at providing collateral-free loans to street vendors, but also at ensuring dignity, confidence and …
New Delhi, May 31 (IANS) More than 75.5 lakh street vendors have availed over 112 lakh loans under the PM SVANidhi scheme so far, according to an official fact-sheet.Loans amounting to more than Rs 17,800 crore have been disbursed to street vendors across the country. Beneficiaries have also received nearly Rs 800 crore through interest subsidies and digital cashback incentives.Nearly 46 per cent of beneficiaries are women and around 70 per cent belong to marginalised communities. The scheme str…
Chamoli, Jan 20 (IANS) PM SVANidhi (PM Street Vendor’s AtmaNirbhar Nidhi) scheme is bringing a significant turnaround in the lives of the people, particularly street vendors, by enabling them to become self-dependent. In Uttarakhand’s Chamoli, a border district of the hill state, hundreds and thousands of people have subscribed to the scheme, started by Prime Minister Narendra Modi, and are today harnessing their potential to lead their lives on their own.Having gained monetary assistance under …
New Delhi, Jan 17 (IANS) The government reportedly plans to launch a microcredit programme in April 2026, offering collateral‑free loans of up to Rs 10,000 per annum to gig workers, domestic helpers, and other vulnerable groups.The Ministry of Housing and Urban Affairs is apparently designing the scheme on the lines of the PM Street Vendors Atma Nirbhar Nidhi (PM‑SVANidhi), which provides street vendors with small working‑capital loans, according to reports.Under PM‑SVANidhi, vendors rec…
New Delhi, Jan 13 (IANS) Inclusive finance has to be embedded in a broader ecosystem of health-care insurance and social security to protect lenders as well as borrowers, Chief Economic Advisor V. Anantha Nageswaran said on Tuesday.In his address at the Global Inclusive Finance Summit, Nageswaran said one of the main reasons why people default on the repayment of loans was unexpected events such as health-related shocks.”Even well-designed credit cannot do everything on its own. When illness str…
Dehradun, Dec 29 (IANS) The street vendors in Uttarakhand’s Chamoli district are writing new success stories, riding high on the monetary assistance provided by the Central government under the PM Street Vendors AtmaNirbhar Nidhi (PM SVANidhi scheme), five years ago. Many beneficiaries, sharing their tale of hardships and then the hard-earned success, are thanking Prime Minister Narendra Modi for launching a vendor-specific scheme, thereby effecting a 360-degree turnaround in their lives. Acco…
Chamoli, Dec 27 (IANS) Under the PM SVANidhi (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) scheme, people earning their livelihood by running street carts and roadside stalls in cities are being provided loans at affordable rates. This scheme has provided financial support to small traders. The scheme has proved beneficial for those who support their families by selling goods along roadsides in urban areas.This ambitious scheme of Prime Minister Narendra Modi has given millions of street …