About PM SVANidhi Scheme:
- The Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme was launched in
- It is a Central Sector Scheme supporting street vendors through affordable working capital, financial inclusion and social protection measures.
- Implementation: It is a joint responsibility of the Ministry of Housing and Urban Affairs (MoHUA) and the Department of Financial Services (DFS).
- Key Features of PM SVANidhi Scheme:
- Working Capital Loan: Collateral-free loans of ₹15,000, ₹25,000, and ₹50,000 are provided in three progressive tranches with interest subsidy and credit guarantee support.
- UPI-linked RuPay Credit Cards: Vendors successfully repaying the second tranche are eligible for UPI-linked RuPay Credit Cards with limits up to ₹30,000.
- Digital Adoption: Cashback incentives of up to ₹1,600 are provided to street vendors for retail/wholesale digital transactions to encourage digital adoption and financial literacy.
- SVANidhi se Samriddhi (SSS): Socio-economic profiling of beneficiaries and their families is undertaken to link them with eight selected Central welfare schemes and create a holistic social security net.
- Capacity Building & Entrepreneurship Development: Vendors are provided with training in financial literacy, digital literacy, and food safety & hygiene in collaboration with FSSAI.
