PM SVANidhi 2.0 is the restructured and extended
phase of the Prime Minister Street Vendor's AtmaNirbhar Nidhi
(PM SVANidhi) scheme. The scheme has been extended up to
March 31, 2030, with enhanced financial support,
wider geographical coverage and additional digital financial
services for street vendors.
The extended scheme aims to strengthen the livelihoods of street
vendors by providing accessible working capital, encouraging
digital transactions and connecting vendors and their families
with various social security and welfare schemes.
Key Enhancements in Version 2.0
Expanded Loan Limits
The first loan tranche has been increased up to
₹15,000, the second up to
₹25,000, and the third up to
₹50,000.
RuPay Credit Card
Vendors who successfully repay their second loan
tranche can receive a UPI-linked RuPay
Credit Card for flexible working capital
requirements.
Broader Coverage
Coverage is being expanded progressively from
statutory urban towns to census towns and
peri-urban areas.
Extended Timeline
Lending support has been extended through
March 31, 2030, with a target of
reaching 50 lakh new beneficiaries.
Core Ongoing Benefits
Interest Subsidy
Regular and timely repayments can make vendors
eligible for an annual interest subsidy of
7%.
Digital Incentives
Vendors are encouraged to undertake digital UPI
transactions through monthly cashback incentives.
SVANidhi se Samriddhi
Regular Lok Kalyan Melas connect
street vendors and their families with broader
social security and welfare schemes.
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