PM SVANidhi has completed six successful years, supporting urban street vendors through collateral-free loans, digital inclusion, financial empowerment, and improved access to social welfare benefits.

BulletsIn

• Launched in June 2020, PM SVANidhi was designed to provide collateral-free working capital loans to street vendors affected by the COVID-19 pandemic.
• The scheme has benefited more than 75.5 lakh street vendors and facilitated over 1.12 crore collateral-free loan sanctions across the country.
• More than ₹17,800 crore has been disbursed under the scheme, helping vendors expand businesses and strengthen their financial stability.
• PM SVANidhi promotes financial inclusion by connecting street vendors with formal banking services, institutional credit, and government welfare programs.
• Over 55 lakh vendors have been digitally onboarded, encouraging digital payments and increasing participation in India’s growing digital economy.
• Women have emerged as major beneficiaries, with more than 34.81 lakh women vendors receiving financial assistance through the scheme.
• Under the SVANidhi Se Samriddhi initiative, over 50 lakh families have been socio-economically profiled and connected to welfare benefits.
• The scheme has expanded significantly in the North-Eastern region, where more than 2.59 lakh loans and ₹430 crore assistance have been provided.