- PM SVANidhi Scheme lending period extended till March 31, 2030, with increased loan amounts for street vendors.
- Introduction of UPI-linked RuPay Credit Card and digital cashback incentives to boost digital transactions.
- Expanded coverage beyond statutory towns and improved training including entrepreneurship and hygiene education.
Prime Minister Street Vendors AtmaNirbhar Nidhi Scheme has been updated and extended to keep supporting street vendors across India until 2030. This scheme, an important plan by the Government of India, aims to help street vendors by providing better financial support, encouraging digital payments, and combining several welfare schemes for their overall growth. Keywords related to this scheme include PM SVANidhi, street vendors loan, digital cashback, RuPay credit card, and financial inclusion.
The Union Cabinet has approved extending the PM SVANidhi Scheme’s lending period beyond December 31, 2024, now until March 31, 2030. This extension comes with an increased total budget of ₹7,332 crore, aiming to help 1.15 crore beneficiaries, including 50 lakh new street vendors.
Loan amounts have been raised to better support vendors’ business needs. The first loan amount has increased from ₹10,000 to ₹15,000, and the second loan has gone up from ₹20,000 to ₹25,000. The third loan remains at ₹50,000. These increases give street vendors more financial freedom to grow and maintain their businesses.
New Features: UPI-linked RuPay Credit Card and Digital Cashback
A key new feature is the introduction of a UPI-linked RuPay Credit Card for beneficiaries who have repaid their second loan. This credit card gives quick access to credit, helping vendors handle urgent business or personal money needs.
To encourage digital payments, the scheme offers cashback rewards up to ₹1,600 on retail and wholesale digital transactions. This helps promote financial inclusion and supports street vendors in using modern payment methods, making their businesses more efficient and clear.
Wider Coverage and Training Programs
The scheme’s coverage is growing beyond statutory towns to include census towns and peri-urban areas step by step. This expansion makes sure more street vendors in different regions can benefit from the scheme.
Training is a key focus, with programs on entrepreneurship, financial literacy, digital skills, and marketing. For street food vendors, hygiene and food safety training is provided in partnership with the Food Safety and Standards Authority of India (FSSAI), ensuring safer and better-quality services.
SVANidhi se Samriddhi: Complete Welfare and Government Scheme Integration
The SVANidhi se Samriddhi plan strengthens the welfare of street vendors and their families by combining benefits from various government schemes. Monthly Lok Kalyan Melas are held to make sure these benefits reach the right people in a complete and effective way.
Impact and Achievements of PM SVANidhi Scheme
Since it started on June 1, 2020, the PM SVANidhi Scheme has made great progress. As of July 30, 2025, over 96 lakh loans totaling ₹13,797 crore have been given to more than 68 lakh street vendors. Nearly 47 lakh beneficiaries are active digitally, having made over 557 crore digital transactions worth ₹6.09 lakh crore, earning cashback rewards totaling ₹241 crore.
Under the SVANidhi se Samriddhi plan, 46 lakh beneficiaries across 3,564 Urban Local Bodies have been profiled, leading to over 1.38 crore scheme approvals, showing the scheme’s wide reach and effect.
Helping Street Vendors for Inclusive Economic Growth
The scheme not only gives financial support but also encourages sustainable business growth and social upliftment. It has given street vendors formal recognition and a sense of identity, showing their important role in the economy.
National recognition includes the Prime Minister’s Award for Excellence in Public Administration (2023) for Innovation and the Silver Award for Excellence in Government Process Re-engineering for Digital Transformation (2022). These awards highlight the scheme’s success in supporting livelihoods, financial inclusion, and digital empowerment.
By offering trusted finance and training, the PM SVANidhi Scheme is turning urban areas into lively, self-sustaining communities, helping street vendors and contributing to inclusive economic growth across India.