Government of India has restructured and extended the PM SVANidhi Scheme 2025 (Prime Minister Street Vendor’s AtmaNirbhar Nidhi) to continue supporting street vendors across the country. First launched on 1st June 2020 during the COVID-19 crisis, the scheme gave small vendors a fresh chance to restart businesses and gain financial independence.
Now, under the new decision approved by the Union Cabinet chaired by Prime Minister Narendra Modi, the scheme will continue till 31st March 2030 with a total outlay of ₹7,332 crore. The restructured version is expected to benefit 1.15 crore street vendors, including 50 lakh new beneficiaries.
This new PM SVANidhi 2.0 update brings more than just loans. It adds UPI-linked RuPay credit cards, cashback incentives, training in entrepreneurship, digital literacy, and food safety measures. The goal is not only financial help but also long-term social and economic growth of vendors and their families.
PM SVANidhi 2.0 Scheme
PM SVANidhi 2.0 is a government scheme managed by the Ministry of Housing and Urban Affairs (MoHUA) and supported by the Department of Financial Services (DFS). While MoHUA anchors the scheme, DFS ensures banks and financial institutions provide loans and credit cards to vendors.
The main objective of the PM SVANidhi Scheme is to give street vendors simple access to working capital loans so they can run their businesses without depending on moneylenders. The scheme also encourages vendors to adopt digital transactions, which helps in building financial inclusion. By offering timely financial support, the scheme helps vendors expand their businesses and improve the living conditions of their families. At the same time, it focuses on building long-term skills such as entrepreneurship and self-employment to ensure sustainable growth. Another important aim is to connect street vendors with other government welfare schemes so that they and their families can get maximum benefits in a combined manner.
Highlights of PM SVANidhi 2.0 Scheme
| Key Point | Details |
|---|---|
| Scheme Name | PM SVANidhi (Street Vendor’s AtmaNirbhar Nidhi) |
| Started On | June 1, 2020 |
| Extended Till | March 31, 2030 |
| Total Outlay | ₹7,332 crore |
| Managed By | MoHUA & DFS |
| First Loan | ₹15,000 (earlier ₹10,000) |
| Second Loan | ₹25,000 (earlier ₹20,000) |
| Third Loan | ₹50,000 (unchanged) |
| Credit Facility | UPI-linked RuPay Credit Card (₹30,000 limit) |
| Digital Incentives | Cashback up to ₹1,600 on retail & wholesale transactions |
| Coverage Expanded To | Statutory towns, census towns, peri-urban areas |
| Expected Beneficiaries | 1.15 crore (including 50 lakh new vendors) |
Latest Updates of PM Svanidhi Scheme
- Loan limits revised: First tranche raised to ₹15,000 and second tranche to ₹25,000.
- UPI-linked RuPay Credit Card: Given to vendors repaying the second loan on time, with a ₹30,000 limit for business and urgent personal needs.
- Cashback on digital payments: Vendors can earn up to ₹1,600 on retail and wholesale transactions.
- Coverage expanded: Now includes census towns and peri-urban areas, not just statutory towns.
- Skill and safety training: Focus on digital skills, financial literacy, entrepreneurship, marketing, and hygiene/food safety (in partnership with FSSAI).
- Lok Kalyan Melas: Under the “SVANidhi se Samriddhi” part, monthly camps will connect vendors and their families with other government schemes.
Achievements So Far
- 96 lakh loans worth ₹13,797 crore already disbursed to over 68 lakh street vendors.
- 47 lakh vendors actively using digital payments with over 557 crore transactions worth ₹6.09 lakh crore.
- Cashback earned by vendors has crossed ₹241 crore.
- Under “SVANidhi se Samriddhi”, 46 lakh vendors have been profiled across 3,564 Urban Local Bodies, leading to 1.38 crore scheme sanctions.
- Won Prime Minister’s Award for Excellence in Public Administration (2023) and Silver Award for Excellence in Government Process Re-engineering (2022).
How to Apply Online for PM SVANidhi Scheme
Applications for the new PM Svanidhi scheme will soon open, you can follow the below process to apply online.
STEP 1: Visit the official PM SVANidhi website.
STEP 2: On the homepage, click on “Apply LoR cum Loan” option.
STEP 3: Enter personal, business, and bank details, then upload Aadhaar and vending-related documents.
STEP 4: Recheck details and submit the form online.
Required Documents
- Aadhaar Card
- Vending Certificate / Provisional Certificate / Letter of Recommendation from ULB
- Ration Card (if available)
- Bank Account details
Contact Helpline
For any help, beneficiaries can call toll-free helpline number 1800 11 1979
FAQ’s
Who can apply for PM SVANidhi 2.0 Scheme 2025?
Street vendors working in urban, census, and peri-urban areas with valid vending proof or LoR from local bodies.
What are the new updates for 2025?
Increased first and second loan amounts, RuPay credit cards with ₹30,000 limit, cashback on digital payments, and training for vendors.
What is the last date of PM Svanidhi Scheme?
The last date for scheme is now 31st March 2030.
How many vendors are expected to benefit?
Around 1.15 crore vendors, including 50 lakh new entrants.