PM SVANidhi Scheme - Restructured and Extended
- Restructuring approved by Union Cabinet on 27 August 2025 - Total outlay: ₹7,332 crore; lending period extended until 31 March 2030 - Enhanced loan structure: 1st tranche ₹15,000 (from ₹10,000), 2nd tranche ₹25,000 (from ₹20,000), 3rd tranche ₹50,000 (unchanged) - New: UPI-linked RuPay Credit Card with ₹30,000 limit after 2nd loan repayment - Digital cashback incentives up to ₹1,600 on retail/wholesale transactions - Target: 1.15 crore beneficiaries including 50 lakh new street vendors - Capacity building: entrepreneurship, financial literacy, digital skills, hygiene training with FSSAI - Progress (Jul 2025): 96 lakh+ loans (₹13,797 crore) to 68 lakh+ vendors; 47 lakh digitally active - Ministry of Housing & Urban Affairs and DFS jointly implement
- PM SVANidhi restructured and extended by Union Cabinet on 27 August 2025 with total outlay of ₹7,332 crore; lending period extended until 31 March 2030
- Enhanced loan structure: 1st tranche ₹15,000 (from ₹10,000), 2nd tranche ₹25,000 (from ₹20,000), 3rd tranche ₹50,000 unchanged
- New UPI-linked RuPay Credit Card with ₹30,000 limit after 2nd loan repayment; digital cashback incentives up to ₹1,600
- Target: 1.15 crore beneficiaries including 50 lakh new street vendors; capacity building includes entrepreneurship and digital skills training with FSSAI
- Progress as of July 2025: 96 lakh+ loans (₹13,797 crore) to 68 lakh+ vendors; 47 lakh digitally active beneficiaries
- Jointly implemented by Ministry of Housing and Urban Affairs and Department of Financial Services
When was the PM SVANidhi restructuring approved and by whom?
The restructuring of PM SVANidhi was approved by the Union Cabinet on 27 August 2025. It is jointly implemented by the Ministry of Housing & Urban Affairs and the Department of Financial Services (DFS).
What is the total outlay and new lending period?
The restructured PM SVANidhi has a total outlay of ₹7,332 crore, with the lending period extended until 31 March 2030. This gives street vendors a longer horizon to access working capital loans.
How has the loan structure changed under the restructured scheme?
The 1st loan tranche is raised to ₹15,000 (from ₹10,000), the 2nd to ₹25,000 (from ₹20,000), and the 3rd stays at ₹50,000. A UPI-linked RuPay Credit Card with ₹30,000 limit is also offered after 2nd loan repayment.
What are the beneficiary targets and capacity-building features?
The target is 1.15 crore beneficiaries, including 50 lakh new street vendors. Capacity building covers entrepreneurship, financial literacy, digital skills, and hygiene training conducted jointly with FSSAI.
What progress has PM SVANidhi reported as of July 2025?
As of July 2025, 96 lakh+ loans worth ₹13,797 crore were disbursed to 68 lakh+ vendors, with 47 lakh digitally active. Vendors also earn cashback up to ₹1,600 on retail and wholesale digital transactions.
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