THE CENTRE WILL launch the PM SVANidhi Scheme 2.0 soon, to provide working capi tal loans of up to 50,000 h an interest subsidy of er annum and UPI-linked credit cards with a limit of 0.000 to street vendors, sources told FE oficial
PM SVANI – PM Street Vendor’s Atmahar Nidhi was launched in June 2020 with to facilitate col-lateral working capital loap Street vendors to restart their businesses, which were adversely impacted by the Covid-19 pandemic. As of March 31, 2025, 6.8 million street vendors cumulatively got loans worth 13,792 crore through the scheme.
Under PM SVANidhi Scheme 1.0, the government was incentivising regular repayment of loans through an interest subsidy of 7% per annum and rewarding digital transactions, by way of cash-pack up to €1,200 per year.
The extant scheme ended on March 31, 2025. In the Bud-et for 2025-26, the govern-bent announced a revamped theme for street vendors.
“The Expenditure Finance ommittee (EFC) is expected to
Satinder Duggal
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