The Union Cabinet has recently given its approval for the extension and restructuring of the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme, which was originally scheduled to conclude in December 2024. With this new decision, the scheme will now continue until March 31, 2030, ensuring that lakhs of small vendors receive additional support and opportunities to grow their businesses. The total outlay earmarked for the scheme during this extended period stands at Rs 7,332 crore, reflecting the government’s commitment to strengthening the livelihood of street vendors and promoting financial inclusion at the grassroots level.
This extended scheme is projected to positively impact around 1.15 crore street vendors across the country, including 50 lakh new beneficiaries who will now be brought into its fold. The implementation will continue to be managed jointly by the Ministry of Housing and Urban Affairs (MoHUA) and the Department of Financial Services (DFS), ensuring smooth coordination between policymaking and financial delivery. Banks and other financial institutions are expected to play an instrumental role in providing easy access to loans and credit facilities, enabling vendors to sustain and expand their operations.
One of the key highlights of the restructured scheme is the upward revision of loan amounts available to beneficiaries. Under the new provisions, the first loan has been raised to Rs 15,000 from the earlier Rs 10,000, while the second loan has been enhanced to Rs 25,000 from Rs 20,000. The third loan will continue to remain at Rs 50,000. To further encourage financial discipline and digital adoption, beneficiaries who repay their second loan on time will be rewarded with a UPI-linked RuPay Credit Card, giving them access to swift and convenient financial tools for both personal and business needs.
In addition to loan revisions, the scheme introduces new incentives for promoting digital transactions among street vendors. Digital cashback of up to Rs 1,600 will be provided for retail and wholesale transactions, motivating vendors to adopt digital payment systems more actively. Moreover, the coverage of the scheme is set to expand gradually beyond statutory towns to also include census towns and peri-urban areas, thereby widening the reach and ensuring that more vendors across different geographies are able to benefit.
The progress achieved under PM SVANidhi so far has been remarkable. As of 30 July 2025, over 96 lakh loans amounting to Rs 13,797 crore have been sanctioned and disbursed to more than 68 lakh vendors. Out of these, nearly 47 lakh beneficiaries have become digitally active, completing over 557 crore digital transactions with a value of Rs 6.09 lakh crore. Collectively, these beneficiaries have earned Rs 241 crore as cashback, showcasing the scheme’s success in driving digital adoption and financial empowerment.
The ‘SVANidhi se Samriddhi’ initiative has further strengthened the impact of the scheme by profiling around 46 lakh vendors and linking them with more than 1.38 crore other government welfare schemes through 3,564 Urban Local Bodies (ULBs). This integration has allowed vendors not only to secure financial support but also to benefit from multiple government initiatives that can enhance their social and economic stability.
With its restructuring and long-term extension, the PM SVANidhi scheme is now positioned to create deeper financial resilience among street vendors. By offering larger loans, encouraging digital transactions, and expanding its reach, the government aims to empower small vendors to transition from subsistence-based operations to more stable and digitally connected businesses. This move represents a significant step toward building an inclusive economy where grassroots entrepreneurs can thrive with adequate financial backing and modern tools for growth.
