PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) 2.0
- **Objective**: Provide affordable working capital loans to street vendors to resume and expand livelihoods post-COVID - **Key Features**: Enhanced loan amounts — 1st loan ₹15,000, 2nd loan ₹25,000, 3rd loan ₹50,000; UPI-linked RuPay Credit Card with ₹30,000 limit - **Beneficiaries**: 1.15 crore total (including 50 lakh new beneficiaries); extended to census towns and peri-urban areas - **Budget**: Total outlay ₹7,332 crore; lending period extended till March 31, 2030 - **Digital Incentive**: Cashback up to ₹1,600 on digital transactions - **Performance**: 96 lakh loans worth ₹13,797 crore disbursed; 47 lakh digitally active beneficiaries; 557 crore digital transactions
- PM SVANidhi 2.0 provides affordable working capital loans to street vendors with enhanced amounts: 1st loan ₹15,000, 2nd loan ₹25,000, 3rd loan ₹50,000
- Total outlay ₹7,332 crore with lending period extended till March 31, 2030; targets 1.15 crore total beneficiaries including 50 lakh new vendors
- New UPI-linked RuPay Credit Card with ₹30,000 limit; digital cashback incentive up to ₹1,600 on transactions
- Extended coverage to census towns and peri-urban areas beyond original urban scope
- Performance: 96 lakh loans worth ₹13,797 crore disbursed; 47 lakh digitally active beneficiaries with 557 crore digital transactions
- Scheme expanded post-COVID to resume and expand street vendor livelihoods across India
What is PM SVANidhi 2.0 and its objective?
PM SVANidhi 2.0 provides affordable working capital loans to street vendors to resume and expand livelihoods post-COVID. It is run by the Ministry of Housing and Urban Affairs with a total outlay of ₹7,332 crore.
What are the enhanced loan amounts under PM SVANidhi 2.0?
Loan amounts are enhanced to ₹15,000 for the 1st loan, ₹25,000 for the 2nd loan, and ₹50,000 for the 3rd loan. Vendors also get a UPI-linked RuPay Credit Card with a ₹30,000 limit.
Who are the beneficiaries under PM SVANidhi 2.0?
The scheme targets 1.15 crore beneficiaries, including 50 lakh new street vendors. Coverage has been extended to census towns and peri-urban areas, broadening access beyond traditional urban local bodies.
Until when has the lending period been extended?
The PM SVANidhi 2.0 lending period has been extended till March 31, 2030. This gives street vendors a longer runway to avail working capital loans and build credit history with formal lenders.
What performance has PM SVANidhi achieved so far?
As reported, 96 lakh loans worth ₹13,797 crore have been disbursed, with 47 lakh digitally active beneficiaries and 557 crore digital transactions. Vendors earn cashback up to ₹1,600 on digital transactions.
Practice MCQs on this topic.
Reinforce your understanding with targeted MCQ practice on economy, governance, and current affairs.