PM SVANidhi: From Survival to Self-Reliance

On 27th August 2026, the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) completed one year of its restructured phase, marking a shift from a working-capital credit scheme towards a broader framework encompassing formal finance, digital inclusion, social security, skill development and entrepreneurship.

About PM SVANidhi

  • Launched Year: Launched in June 2020 by the Ministry of Housing and Urban Affairs (MoHUA) to provide collateral-free working-capital loans to street vendors and facilitate their integration into the formal financial system.
  • Restructuring: The restructured scheme, approved in August 2025, has been extended up to 31 March 2030, targeting 1.15 crore vendors, including 50 lakh new ....
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