PM SVANidhi

The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi), a Central Sector Scheme, was launched by the Ministry of Housing and Urban Affairs on June 01, 2020 for providing affordable Working Capital loan to street vendors to resume their livelihoods which have been adversely affected due to Covid-19 lockdown. The duration of the scheme has now been extended until December 2024.

• Implementing Agency: Small Industries Development Bank of India (SIDBI)
• Introduction of 3^rd loan of upto ₹50,000 in addition to 1^st & 2^nd loans of ₹10,000 and ₹20,000 respectively.
• As on November 30, 2022, 31.73 lakh Street Vendors have availed benefit of 1st loan of ₹ 10,000 loan ; Out of these 5.81 lakh have availed benefit of second loan of ₹ 20,000 loan; Out of those who availed 2nd loan, 6,926 street vendors have availed benefit of third loan of ₹50,000.

Eligibility of States/UTs: The Scheme is available for beneficiaries belonging to only those States/UTs which have notified Rules and Scheme under Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014. Beneficiaries from Meghalaya, which has its own State Street Vendors Act, may participate.

Targeted Beneficiaries: This scheme is targeted to benefit over 50 lakh street vendors. A vendor, according to the scheme guidelines is any person engaged in vending of articles, goods, wares, food items or merchandise of daily use or offering services to the public in a street, footpath, pavement etc., from a temporary built up structure or by moving from place to place.