PM SVANidhi Marks One Year of Restructured Phase
Why in the news
The street-vendor support scheme reached its first anniversary after restructuring, now offering far more than loans.
Key facts
- Milestone: one year of the restructured phase on 27 August 2026.
- Extended till: 31 March 2030.
- Loan type: collateral-free working-capital loans.
- Beneficiaries: street vendors.
- Subsidy: 7% interest subsidy on timely repayment.
Scope of the revamped scheme
- Moves beyond credit to include digital payments, social security, financial inclusion and entrepreneurship.
Exam angle
- Scheme: PM SVANidhi; target group is street vendors.
- Dates: restructured phase anniversary on 27 August 2026; extension to 31 March 2030.
- Terms: collateral-free working capital with 7% interest subsidy for timely repayment.