PM SVANidhi completes six years; over 75.5 lakh street vendors benefited
PM SVANidhi, the micro-credit scheme for street vendors of the Ministry of Housing & Urban Affairs launched in June 2020, completed six years; the occasion was marked in Agartala on 31 May 2026.
Summary
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi), the collateral-free micro-credit scheme of the Ministry of Housing & Urban Affairs, completed six years. Union Minister Manohar Lal and Tripura Chief Minister Manik Saha marked the occasion in Agartala with beneficiaries from Arunachal Pradesh, Assam, Manipur, Mizoram and Tripura. Since June 2020 the scheme has sanctioned over 1.05 crore loans worth more than ₹17,800 crore, benefiting over 75.5 lakh vendors, and recorded a 20% annual rise in average beneficiary incomes.
Key facts
- Scheme
- PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)
- Ministry
- Housing & Urban Affairs
- Launched
- June 2020
- Loans sanctioned
- Over 1.05 crore, worth over ₹17,800 crore
- Vendors benefited
- Over 75.5 lakh
- Income rise
- 20% annual increase in average beneficiary income
- Event
- Agartala, Tripura – 31 May 2026
Practice MCQs 3 questions
PM SVANidhi, which completed six years in 2026, is a micro-credit scheme of which Union Ministry?
Show answer
Correct answer: A — Ministry of Housing & Urban Affairs
PM SVANidhi is the flagship micro-credit scheme of the Ministry of Housing & Urban Affairs (MoHUA).
According to the Union Minister in May 2026, how many street vendors have benefited under PM SVANidhi in six years?
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Correct answer: B — More than 75.5 lakh
Over the last six years, more than 75.5 lakh street vendors have benefited; 1.05 crore is the number of loan sanctions.
In which city was the sixth anniversary of PM SVANidhi marked by Union Minister Manohar Lal on 31 May 2026?
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Correct answer: D — Agartala
The occasion was marked in Agartala with Tripura CM Manik Saha and beneficiaries from five north-eastern states.