PM SVANidhi completes one year of restructured phase with 21.86 lakh loans
On 27 August 2026, the restructured PM SVANidhi scheme for street vendors completed one year, with 21.86 lakh loans worth ₹6,294 crore disbursed to 10.56 lakh new beneficiaries.
Summary
The restructured phase of the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme completed one year on 27 August 2026, the anniversary of its Cabinet approval in 2025. PM SVANidhi was launched on 1 June 2020 to give collateral-free working capital loans to urban street vendors, and lending under the restructured scheme runs until 31 March 2030. The scheme aims to cover 1.15 crore street vendors, including 50 lakh new beneficiaries. In the first year, 21.86 lakh loans worth ₹6,294 crore went to 10.56 lakh new beneficiaries, and 27,077 UPI-linked RuPay Credit Cards with limits of up to ₹30,000 were approved.
Key facts
- Scheme
- PM SVANidhi (Ministry of Housing & Urban Affairs)
- Launched
- 1 June 2020
- Restructuring approved
- 27 August 2025; lending till 31 March 2030
- Target
- 1.15 crore vendors incl. 50 lakh new
- Year-1 loans
- 21.86 lakh loans, ₹6,294 crore, 10.56 lakh new beneficiaries
- Credit card
- UPI-linked RuPay, limit up to ₹30,000; 27,077 approved
Practice MCQs 3 questions
Until when has lending under the restructured PM SVANidhi scheme been extended?
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Correct answer: D — 31 March 2030
Lending under the restructured scheme, approved on 27 August 2025, runs until 31 March 2030.
What is the maximum credit limit of the UPI-linked RuPay Credit Card introduced for street vendors under restructured PM SVANidhi?
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Correct answer: B — ₹30,000
Eligible vendors get a UPI-linked RuPay Credit Card with a limit of up to ₹30,000; 27,077 had been approved.
Consider the following statements about PM SVANidhi: 1. The scheme was launched on 1 June 2020 to provide collateral-free working capital loans to urban street vendors. 2. The restructured scheme aims to benefit 1.15 crore street vendors, including 50 lakh new beneficiaries. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct.