About the Scheme
PM SVANidhi provides collateral-free working capital loans to urban street vendors. Launched June 1, 2020. Cabinet extended to March 31, 2030 with enhanced amounts. 1st tranche: ₹15,000 (↑from ₹10,000); 2nd: ₹25,000 (↑from ₹20,000); 3rd: ₹50,000. Beneficiaries: 71.57L (1st), 27.28L (2nd), 6.61L (3rd). Total outlay: ₹7,332 crore. New: UPI-linked RuPay Credit Card for vendors.
Target Beneficiaries: 71.57 lakh (1st tranche); 27.28 lakh (2nd); 6.61 lakh (3rd) — total 1.05+ crore street vendors
Key Features
- Three tranches: ₹15,000 (1st); ₹25,000 (2nd); ₹50,000 (3rd) — larger on timely repayment
- 71.57 lakh (1st), 27.28 lakh (2nd), 6.61 lakh (3rd) — 1.05+ crore total (Jan 2026)
- Extended to March 31, 2030 (Cabinet Aug 27, 2025); total outlay ₹7,332 crore
- New: UPI-linked RuPay Credit Card for 2nd tranche repayers — 2,479 cards issued (Feb 2026)
- Coverage expanded: census towns, peri-urban areas, urban agglomerations
- Digital payment incentive: ₹100/month cashback on UPI/digital transactions
- Average annualised business income grew ~20% (2023-2025 ISB study)