PM SVANidhi Yojana 2025: Loan up to ₹50,000 Extended Till 2030

PM SVANidhi Yojana 2025: Loan up to ₹50,000 Extended Till 2030

MP SVANIdhi Yojana Extended Till March 2030: Loan Amount Increased,Over 1.15 Crore Street Vendors to Benefit

Short Details:- The Union Cabinet,Chaired By Prime Minister Narendra Modi,has recently Approved The Extension and restructuring of the Prime Minister Street Vendor’s Atmanirbhar Nidhi (PM SVANIdhi) Scheme.This Decision Comes as a huge relief ti lakh of street vendors across India. December 2024, has now been extended till 31 march 2030 with Enhanced Benefits and wider coverage. The Government has not only Extended the duration but also Increased the vendor. with an overall 1.15 crore beneficiaries,including 50 lakh new vendors. This article will provide you with a complete overview of the extended PM SVANIdhi Yojana 2025,its features,eligibility,loan structure,benefits,and impact on India’s vending community.

What is PM SVANIdhi Yojana?

The PM Street Vendor’s Atmanirbhar Nidhi (PM SVANIdhi) is a flagship scheme of the central government launched on 1st June 2020.The primary aim of the scheme is to street vendors, hawkers,rehri-patriwalas,and small traders. During the COVID – 19 pandemic,millions of street vendors lost their livelihood due to Lockdowns and restrictions.To revive their small businesses and ensure their social dignity,the government introduced this scheme as part of the Atmanirbhar Bharat Package. The scheme not only provide easy loans but also integrates street vendors into the formal financial system,offering them Digital payment incentives and access to various welfare schemes.

Key Updates in the Extended PM SVANIdhi Scheme (2025-2030)

Key Updates in the Extended PM SVANIdhi Scheme (2025-2030) The Restructured Scheme has brought Several changes and new facilities for vendors. Here are major Highlights: 1.Loan Amount Increased: First Loan(Stage 1):- Increased from ₹15,000 Second Loan(Stage 2):- Increased from ₹20,000 to ₹50,000 Third Loan (Stage 3):-Remains Unchanged at ₹50,000 This increased Ensures that vendors have sufficient working capital to grow their businesses steadily. 2.Tenure Extended the Loan facility now remain available till 31 march 2030,Giving vendors a longer window to Apply and benefit from the Scheme. 3.Introduction of RuPay Credit Card beneficiaries Repaying their firs loan will receive a UPI – Linked RuPay Credit Card, which will enable them to access instant revolving credit for business and personal needs. 4.Digital Incentives Street Vendors making Digital payments will Be Eligible for a Cashback up to ₹1,600. This step promotes Digital Transactions among small traders. 5.Wider Coverage Area Initially limited to urban areas, the scheme will now gradually expand to rural areas,thereby covering more beneficiaries. 6.Training & Capacity Building Vendors will receive training in financial literacy,Digital Skills,business expansion and marketing techniques. Street food vendors will be specially trained in food hygiene and safety standards in collaboration with the food safety and standards Authority of India (FSSAI) 7.SVANIdhi se Samriddhi Programme Regular Lok kalyan Melas (welfare fairs) will be organized every month to connect vendors and their families with other government welfare schemes such as health insurance,pensions,and housing benefits.

Impact of PM SVANidhi Scheme Till 2025

As of 30 July 2025, the PM SVANidhi Yojana has Achieved remarkable result:

• 68 lakh street vendors have already benefited.
• A total of 96 lakh loans worth ₹23,797 crore have been sanctioned.
• Over 47 lakh vendors have conducted 5.57 crore +Digital transactions, with a transaction value of ₹6.09 lakh crore.
• ₹241 crore cashback has been credited to vendors for digital payments.
• Around 46 lakh beneficiaries have been linked to other government schemes through the SVANidhi se Samriddhi Program me.

Awards and Recognition

The PM SVANidhi Scheme has received multiple awards for its outstanding contribution:

• Prime Minister’s Award 2023:- for Excellence in public service.
• Silver Award In 2022:-for Digital Transformation in government

These Recognition underline its role in promoting financial inclusion,digital empowerment,and livelihood support.

Benefits of PM SVANidhi Yojana 2025

• Collateral – free Loans :- Vendors can avail loans without pledging any security.
• Affordable Interest Rates:-Interest Subsidy is provided,reducing the financial burden.
• Digital Incentives:- cashback rewards Encourage cashless Transactions.
• Credit Score Improvement:- Timely repayment improves credit history,enabling access to bigger loans in the future .
• Skill Development:-Training programs in business,Digital skills, and food safety.
• Social Security:-Vendors and their families get connected to Schemes like PM Jeevan Jyoti Bima Tojana, Ayushman Bharat,and PM Suraksha Bima Yojana
• Dignity & Recognition:- Street vendors are recognized as an integral part of the urban economy.

Who can Apply For PM SVANidhi Yojana ?

The Scheme is Open to:

• Street Vendors, Hawkers, and rehri -patriwalas in
  urban,peri-urban, census towns, and rural areas.
  
• Vendors with vending
  certificates or those identified in municipal surveys.
  
• vendors without certificate can also Apply with a Letter of Recommendation (LoR) from the Urban Local Body.

How to Apply for PM SVAnidhi Yojana Online ?

1. Visit the official portal:- pmsvanidhi.mahua.gov.im

2. Click on Apply For Loan.

3. Fill in your Mobile Number and Authenticate with OTP.

4.Enter Aadhar Number,Voter ID, or Vendor ID Details.

5.Select loan Category (₹15,000, ₹25,000, or ₹50,000).

6. Upload Required Documents.

7.Submit Application.

FAQs on PM SVANidhi Yojana under the scheme ?

• What is the Maximum loan amount under the scheme :-The Maximum Loan available is ₹50,000 in the third stage.
  
• Do I need collateral to Apply:- No. The scheme offers collateral – free loans.
  
• What is the interest rate:- The interest rate is as per bank guidelines, but vendors receive an interest subsidy of 7%, Making it highly affordable.
  
• can rural vendors also Apply :- yes. The scheme is now extended to rural and peri-urban areas as well.
  
• Is Digital Payment mandatory :- Not Mandatory, but highly recommended. Digital Payments can earn up to ₹1,600 Cashback annually.

Future Impact of PM SVANidhi Yojana

with the extension till 2030, the scheme is expected to create a self – reliant ecosystem for street vendors. scale their businesses, improve their income,and live a dignified life it will also contribute to the larger goal of Atmanirbhar Bharat (Self – Reliant India) by strengthening micro – Enterprises and supporting the information economy,which form the backbone of India’s urban and rural livelihoods.

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