PM SVANidhi Extended to 2030 with ₹7,332 Crore Outlay
Why in the news
The Union Cabinet approved a longer, improved version of the street vendors’ micro-credit scheme.
| Tranche | Earlier | Now |
|---|---|---|
| 1st | ₹10,000 | ₹15,000 |
| 2nd | ₹20,000 | ₹25,000 |
| 3rd | ₹50,000 | ₹50,000 |
Key facts
- Coverage now includes census towns and peri-urban areas.
- Training in entrepreneurship, finance, digital skills and marketing; street food vendors get FSSAI-certified hygiene training.
- SVANidhi se Samriddhi strengthened with monthly Lok Kalyan Melas.
About the scheme
- Started June 1, 2020 by MoHUA under Atmanirbhar Bharat Abhiyan; collateral-free loans to COVID-hit vendors with incentives for digital transactions and timely repayment.
Exam angle
- Nodal ministry: MoHUA.