{"id":18427,"date":"2025-09-24T11:45:43","date_gmt":"2025-09-24T06:15:43","guid":{"rendered":"https:\/\/vajiramandravi.com\/upsc-exam\/?p=18427"},"modified":"2025-09-24T12:16:43","modified_gmt":"2025-09-24T06:46:43","slug":"pm-svanidhi-scheme","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/upsc-exam\/pm-svanidhi-scheme\/","title":{"rendered":"PM SVANidhi Scheme, Objectives, Eligibility, Benefits, Highlights"},"content":{"rendered":"<p><span style=\"font-weight: 400\">PM SVANidhi Scheme (Pradhan Mantri Street Vendor\u2019s AtmaNirbhar Nidhi) is a central sector scheme launched in June 2020 to support street vendors affected by the COVID-19 pandemic. The scheme provides affordable micro-loans of up to \u20b910,000 to over 50 lakh street vendors who were operational on or before 24 March 2020. It covers vendors in sectors like textiles, apparel, artisan products, barbershops, laundry services, and other goods and services. The loans aim to help vendors restart and sustain their businesses, with the scheme running until March 2022. SIDBI (Small Industries Development Bank of India) acts as the technical partner for its implementation.<\/span><\/p>\r\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-18428\" src=\"https:\/\/d35xcwcl37xo08.cloudfront.net\/upsc-exam-wp-uploads\/2025\/09\/PM-SVANidhi-Scheme.webp\" alt=\"PM SVANidhi Scheme\" width=\"1280\" height=\"768\" srcset=\"https:\/\/d35xcwcl37xo08.cloudfront.net\/upsc-exam-wp-uploads\/2025\/09\/PM-SVANidhi-Scheme.webp 1280w, https:\/\/d35xcwcl37xo08.cloudfront.net\/upsc-exam-wp-uploads\/2025\/09\/PM-SVANidhi-Scheme-768x461.webp 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\r\n<h2><b>PM SVANidhi Scheme<\/b><\/h2>\r\n<p><span style=\"font-weight: 400\">The Union Cabinet has recently approved the restructuring and extension of the Prime Minister Street Vendor\u2019s AtmaNirbhar Nidhi (PM SVANidhi Scheme) beyond 31 December 2024. Originally launched on 1 June 2020, the scheme was designed to support street vendors who faced severe hardships during the COVID-19 pandemic.<\/span><\/p>\r\n<p><span style=\"font-weight: 400\">PM SVANidhi Scheme is jointly implemented by the Ministry of Housing &amp; Urban Affairs (MoHUA) and the Department of Financial Services (DFS). While MoHUA oversees the overall implementation, DFS facilitates access to loans and credit cards through banks, financial institutions, and their ground-level functionaries, ensuring street vendors can avail timely financial support to sustain and grow their businesses.<\/span><\/p>\r\n<h2><b>PM SVANidhi Scheme Objectives<\/b><\/h2>\r\n<ul>\r\n\t<li style=\"font-weight: 400\"><b>Provide Affordable Working Capital: <\/b><span style=\"font-weight: 400\">The scheme ensures street vendors have access to low-cost loans, enabling them to restart and sustain their livelihood after disruptions such as the COVID-19 lockdown.<\/span><\/li>\r\n\t<li style=\"font-weight: 400\"><b>Promote Digital Transactions: <\/b><span style=\"font-weight: 400\">By rewarding vendors who use digital modes for loan repayment, the scheme encourages financial inclusion and adoption of digital payment systems.<\/span><\/li>\r\n\t<li style=\"font-weight: 400\"><b>Encourage Timely Repayment: <\/b><span style=\"font-weight: 400\">Vendors who repay loans regularly receive incentives like cash-back and higher loan limits on subsequent borrowings, promoting financial discipline and growth.<\/span><\/li>\r\n<\/ul>\r\n<h2><b>PM SVANidhi Scheme Highlights<\/b><\/h2>\r\n<p><span style=\"font-weight: 400\">The PM SVANidhi Scheme provides financial support and capacity-building opportunities for street vendors affected by the COVID-19 pandemic. The table below summarizes its key features, eligibility criteria, benefits, and implementation mechanisms.<\/span><\/p>\r\n<table style=\"width: 89.2781%\">\r\n<tbody>\r\n<tr>\r\n<td class=\"tb-color\" style=\"text-align: center;width: 88.5012%\" colspan=\"2\"><b>PM SVANidhi Scheme Highlights<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 16.6333%\">\r\n<p><span style=\"font-weight: 400\">Feature<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.8679%\">\r\n<p><span style=\"font-weight: 400\">Description<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 16.6333%\">\r\n<p><span style=\"font-weight: 400\">Loan Facility<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.8679%\">\r\n<p><span style=\"font-weight: 400\">Street vendors can avail working capital loans up to \u20b910,000, repayable monthly within a year, without collateral. Early repayment has no penalties.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 16.6333%\">\r\n<p><span style=\"font-weight: 400\">Financial Institutions Involved<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.8679%\">\r\n<p><span style=\"font-weight: 400\">Microfinance Institutions, NBFCs, and Self-Help Groups facilitate access, leveraging local presence.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 16.6333%\">\r\n<p><span style=\"font-weight: 400\">Eligibility<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.8679%\">\r\n<p><span style=\"font-weight: 400\">Vendors operating until 24 March 2020. For the first time, peri-urban\/rural vendors are included in an urban livelihood program.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 16.6333%\">\r\n<p><span style=\"font-weight: 400\">Validity<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.8679%\">\r\n<p><span style=\"font-weight: 400\">Operational until March 2022.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 16.6333%\">\r\n<p><span style=\"font-weight: 400\">Interest Subsidy<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.8679%\">\r\n<p><span style=\"font-weight: 400\">7% per annum subsidy on timely\/early repayment, credited directly to beneficiaries\u2019 accounts every six months.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 16.6333%\">\r\n<p><span style=\"font-weight: 400\">Credit Limit Escalation<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.8679%\">\r\n<p><span style=\"font-weight: 400\">Timely repayment allows vendors to access higher loans (e.g., up to \u20b920,000) based on credit score.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 16.6333%\">\r\n<p><span style=\"font-weight: 400\">Digital Transactions Incentive<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.8679%\">\r\n<p><span style=\"font-weight: 400\">Cashback rewards for vendors opting for digital payments.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 16.6333%\">\r\n<p><span style=\"font-weight: 400\">Capacity Building<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.8679%\">\r\n<p><span style=\"font-weight: 400\">MoHUA and State Governments provide financial literacy and IEC programs to strengthen vendor skills.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 16.6333%\">\r\n<p><span style=\"font-weight: 400\">Role of ULBs<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.8679%\">\r\n<p><span style=\"font-weight: 400\">Urban Local Bodies help identify beneficiaries and ensure smooth scheme implementation.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 16.6333%\">\r\n<p><span style=\"font-weight: 400\">E-Governance<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.8679%\">\r\n<p><span style=\"font-weight: 400\">Digital platform with web portal\/mobile app integrated with SIDBI\u2019s UdyamiMitra and MoHUA\u2019s PAiSA portals for loan administration, subsidy management, and formal financial integration.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h2><b>PM SVANidhi Scheme Important Facts<\/b><\/h2>\r\n<p><span style=\"font-weight: 400\">PM SVANidhi Scheme (Prime Minister Street Vendor\u2019s AtmaNirbhar Nidhi) is a central sector scheme launched in June 2020 to support street vendors affected by the COVID-19 pandemic. The table below highlights the scheme\u2019s objectives, eligibility, loan features, incentives, and implementation framework.<\/span><\/p>\r\n<table style=\"width: 89.4786%\">\r\n<tbody>\r\n<tr>\r\n<td class=\"tb-color\" style=\"text-align: center;width: 89.2878%\" colspan=\"2\"><b>PM SVANidhi Scheme Important Facts<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 17.8357%\">\r\n<p><span style=\"font-weight: 400\">Details<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.4521%\">\r\n<p><span style=\"font-weight: 400\">Information<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 17.8357%\">\r\n<p><span style=\"font-weight: 400\">Launch Date<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.4521%\">\r\n<p><span style=\"font-weight: 400\">1st June 2020<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 17.8357%\">\r\n<p><span style=\"font-weight: 400\">Mandatory Documents<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.4521%\">\r\n<p><span style=\"font-weight: 400\">Aadhar Card, Voter Identity Card<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 17.8357%\">\r\n<p><span style=\"font-weight: 400\">Ministry<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.4521%\">\r\n<p><span style=\"font-weight: 400\">Ministry of Housing and Urban Affairs (MoHUA)<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 17.8357%\">\r\n<p><span style=\"font-weight: 400\">Full-Form of PM SVANidhi<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.4521%\">\r\n<p><span style=\"font-weight: 400\">Prime Minister Street Vendor\u2019s Atmanirbhar Nidhi<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 17.8357%\">\r\n<p><span style=\"font-weight: 400\">Target Beneficiary<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.4521%\">\r\n<p><span style=\"font-weight: 400\">Street Vendors or hawkers in urban areas, peri-urban areas, and rural areas (Those street vendors as on\/before 24th March 2020)<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 17.8357%\">\r\n<p><span style=\"font-weight: 400\">Tenure of the Scheme<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.4521%\">\r\n<p><span style=\"font-weight: 400\">June 2020 - March 2022<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 17.8357%\">\r\n<p><span style=\"font-weight: 400\">Website<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 71.4521%\">\r\n<p><span style=\"font-weight: 400\">pmsvanidhi.mohua.gov.in<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h2><b>PM SVANidhi Scheme Features<\/b><\/h2>\r\n<p><span style=\"font-weight: 400\">The PM SVANidhi scheme is designed to provide financial support and incentives to street vendors affected by the COVID-19 pandemic. The table below summarizes the PM SVANidhi Scheme Features, including loan amount, repayment benefits, interest subsidies, and digital payment incentives.<\/span><\/p>\r\n<table style=\"width: 86.7754%\">\r\n<tbody>\r\n<tr>\r\n<td class=\"tb-color\" style=\"width: 104.491%;text-align: center\" colspan=\"2\"><b>PM SVANidhi Scheme Features<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 23.8386%\">\r\n<p><span style=\"font-weight: 400\">Feature<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 80.6527%\">\r\n<p><span style=\"font-weight: 400\">Description<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 23.8386%\">\r\n<p><span style=\"font-weight: 400\">Type of Scheme<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 80.6527%\">\r\n<p><span style=\"font-weight: 400\">Central sector scheme<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 23.8386%\">\r\n<p><span style=\"font-weight: 400\">Objective<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 80.6527%\">\r\n<p><span style=\"font-weight: 400\">Provide affordable working capital loans to street vendors impacted by COVID-19<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 23.8386%\">\r\n<p><span style=\"font-weight: 400\">Implementation Period<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 80.6527%\">\r\n<p><span style=\"font-weight: 400\">Up to March 2022<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 23.8386%\">\r\n<p><span style=\"font-weight: 400\">Initial Loan Amount<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 80.6527%\">\r\n<p><span style=\"font-weight: 400\">Up to \u20b910,000 per vendor<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 23.8386%\">\r\n<p><span style=\"font-weight: 400\">Collateral Requirement<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 80.6527%\">\r\n<p><span style=\"font-weight: 400\">No collateral required<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 23.8386%\">\r\n<p><span style=\"font-weight: 400\">Interest Subsidy<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 80.6527%\">\r\n<p><span style=\"font-weight: 400\">7% for early or timely repayment<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 23.8386%\">\r\n<p><span style=\"font-weight: 400\">Loan Renewal<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 80.6527%\">\r\n<p><span style=\"font-weight: 400\">Higher loan eligibility if the first loan is repaid on time<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 23.8386%\">\r\n<p><span style=\"font-weight: 400\">Digital Payment Incentive<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 80.6527%\">\r\n<p><span style=\"font-weight: 400\">Monthly cashback of \u20b950\u2013\u20b9100 for digital transactions<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h2><b>PM SVANidhi Scheme Leading Institutions<\/b><\/h2>\r\n<ul>\r\n\t<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Scheduled Commercial Banks<\/span><\/li>\r\n\t<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Regional Rural Banks<\/span><\/li>\r\n\t<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Cooperative Banks<\/span><\/li>\r\n\t<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Non-Banking Financial Companies<\/span><\/li>\r\n\t<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Micro-Finance Institutions<\/span><\/li>\r\n\t<li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/self-help-groups\/\" target=\"_blank\"><strong>Self-Help Groups<\/strong><\/a> (SHG) Banks<\/span><\/li>\r\n<\/ul>\r\n<h2><b>PM SVANidhi Scheme Eligibility Criteria<\/b><\/h2>\r\n<p><span style=\"font-weight: 400\">The PM Street Vendor\u2019s AtmaNirbhar Nidhi (PM SVANidhi Scheme) aims to provide financial support to street vendors affected by the COVID-19 pandemic. To avail the benefits of this scheme, applicants must meet certain criteria related to age, income, residence, and vending activity. The key PM SVANidhi Scheme Eligibility Criteria are summarized below:<\/span><\/p>\r\n<table style=\"width: 87.0525%\">\r\n<tbody>\r\n<tr>\r\n<td class=\"tb-color\" style=\"text-align: center;width: 99.424%\" colspan=\"2\"><b>PM SVANidhi Scheme Eligibility Criteria<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 21.8894%\">\r\n<p><span style=\"font-weight: 400\">Criteria<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 77.5346%\">\r\n<p><span style=\"font-weight: 400\">Details<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 21.8894%\">\r\n<p><a href=\"https:\/\/vajiramandravi.com\/upsc-exam\/citizenship\/\" target=\"_blank\"><strong>Citizenship<\/strong><\/a><\/p>\r\n<\/td>\r\n<td style=\"width: 77.5346%\">\r\n<p><span style=\"font-weight: 400\">Must be an Indian citizen<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 21.8894%\">\r\n<p><span style=\"font-weight: 400\">Age<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 77.5346%\">\r\n<p><span style=\"font-weight: 400\">Between 18 and 60 years<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 21.8894%\">\r\n<p><span style=\"font-weight: 400\">Proof of Residence<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 77.5346%\">\r\n<p><span style=\"font-weight: 400\">Voter ID, Aadhaar card, or ration card<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 21.8894%\">\r\n<p><span style=\"font-weight: 400\">Proof of Vending Activity<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 77.5346%\">\r\n<p><span style=\"font-weight: 400\">Certificate from local authorities or trade license<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 21.8894%\">\r\n<p><span style=\"font-weight: 400\">Bank Account<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 77.5346%\">\r\n<p><span style=\"font-weight: 400\">Must have a bank account in the applicant\u2019s name<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 21.8894%\">\r\n<p><span style=\"font-weight: 400\">Annual Income<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 77.5346%\">\r\n<p><span style=\"font-weight: 400\">Less than \u20b91.2 lakh<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 21.8894%\">\r\n<p><span style=\"font-weight: 400\">Occupation<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 77.5346%\">\r\n<p><span style=\"font-weight: 400\">Must be a street vendor engaged in the sale of goods or services<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 21.8894%\">\r\n<p><span style=\"font-weight: 400\">Government Loans<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 77.5346%\">\r\n<p><span style=\"font-weight: 400\">Must not have availed of any other government loan or self-employment subsidy scheme<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 21.8894%\">\r\n<p><span style=\"font-weight: 400\">Loan Repayment<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 77.5346%\">\r\n<p><span style=\"font-weight: 400\">Must be willing to repay the loan in installments<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h2><b>PM SVANidhi Scheme New Rules for Beneficiaries<\/b><\/h2>\r\n<p><span style=\"font-weight: 400\">The PM Street Vendor\u2019s AtmaNirbhar Nidhi (PM SVANidhi) scheme provides financial support to street vendors by offering collateral-free loans and additional benefits to promote digital literacy, financial inclusion, and entrepreneurship.<\/span><\/p>\r\n<table style=\"width: 87.5739%\">\r\n<tbody>\r\n<tr>\r\n<td class=\"tb-color\" style=\"text-align: center;width: 86.9739%\" colspan=\"2\"><b>PM SVANidhi Scheme New Rules for Beneficiaries<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.9299%\">\r\n<p><span style=\"font-weight: 400\">Feature\/Benefit<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 72.0441%\">\r\n<p><span style=\"font-weight: 400\">Details<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.9299%\">\r\n<p><span style=\"font-weight: 400\">Loan Amounts<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 72.0441%\">\r\n<p><span style=\"font-weight: 400\">Initial loans of \u20b915,000; subsequent installments of \u20b925,000 and \u20b950,000<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.9299%\">\r\n<p><span style=\"font-weight: 400\">Collateral<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 72.0441%\">\r\n<p><span style=\"font-weight: 400\">Loans provided without any collateral<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.9299%\">\r\n<p><span style=\"font-weight: 400\">Incentives<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 72.0441%\">\r\n<p><span style=\"font-weight: 400\">Timely repayment leads to cashback awards up to \u20b91,600 and access to a RuPay Credit Card linked to UPI<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.9299%\">\r\n<p><span style=\"font-weight: 400\">Reach<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 72.0441%\">\r\n<p><span style=\"font-weight: 400\">By July 2025, over 96 lakh loans approved totaling \u20b913,797 crore, benefiting 68 lakh merchants<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.9299%\">\r\n<p><span style=\"font-weight: 400\">Social Inclusion<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 72.0441%\">\r\n<p><span style=\"font-weight: 400\">75% of beneficiaries belong to OBC, SC, and ST categories; 43% are women<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.9299%\">\r\n<p><span style=\"font-weight: 400\">Training &amp; Support<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 72.0441%\">\r\n<p><span style=\"font-weight: 400\">Vendors receive training in digital skills, food safety, and entrepreneurship under the SVANidhi se Samriddhi component<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.9299%\">\r\n<p><span style=\"font-weight: 400\">Welfare Connection<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 72.0441%\">\r\n<p><span style=\"font-weight: 400\">Vendors are linked to government welfare programs through regular Lok Kalyan Melas<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 14.9299%\">\r\n<p><span style=\"font-weight: 400\">Regional Coverage<\/span><\/p>\r\n<\/td>\r\n<td style=\"width: 72.0441%\">\r\n<p><span style=\"font-weight: 400\">Statutory towns, census towns, and peri-urban areas<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h2><b>PM SVANidhi Scheme Benefits<\/b><\/h2>\r\n<ul>\r\n\t<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The PM SVANidhi Scheme allows vendors to obtain a working capital loan of up to \u20b910,000, repayable in monthly installments over one year.\u00a0<\/span><\/li>\r\n\t<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">It encourages digital transactions by offering cashback of up to \u20b9100 per month. Vendors can also benefit from an increased credit limit if they repay their loans on time or early.\u00a0<\/span><\/li>\r\n\t<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Additionally, an internet subsidy at the rate of 7% per annum is credited to beneficiaries\u2019 bank accounts through Direct Benefit Transfer on a quarterly basis for timely or early repayments. Importantly, no penalty is charged for repaying the loan ahead of schedule.<\/span><\/li>\r\n<\/ul>\r\n<h2><b>Loans Under PM SVANidhi Scheme<\/b><\/h2>\r\n<p><span style=\"font-weight: 400\">Under the PM SVANidhi Scheme, vendors can avail working capital loans of up to \u20b910,000, repayable in monthly installments over one year. No penalty is charged for early repayment of the loan. Additionally, for timely repayment, an interest subsidy of 7% per annum is credited to the vendor\u2019s bank accounts through Direct Benefit Transfer every six months.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>PM SVANidhi Scheme offers collateral-free micro-loans to street vendors with digital incentives, subsidies &#038; new rules to boost livelihoods post-COVID.<\/p>\n","protected":false},"author":23,"featured_media":18428,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-18427","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-cse-exam"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/upsc-exam\/wp-json\/wp\/v2\/posts\/18427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/upsc-exam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/upsc-exam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/upsc-exam\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/upsc-exam\/wp-json\/wp\/v2\/comments?post=18427"}],"version-history":[{"count":7,"href":"https:\/\/vajiramandravi.com\/upsc-exam\/wp-json\/wp\/v2\/posts\/18427\/revisions"}],"predecessor-version":[{"id":18438,"href":"https:\/\/vajiramandravi.com\/upsc-exam\/wp-json\/wp\/v2\/posts\/18427\/revisions\/18438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/upsc-exam\/wp-json\/wp\/v2\/media\/18428"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/upsc-exam\/wp-json\/wp\/v2\/media?parent=18427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/upsc-exam\/wp-json\/wp\/v2\/categories?post=18427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/upsc-exam\/wp-json\/wp\/v2\/tags?post=18427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}