In a major batch of urban street sellers, the Council of Ministers approved on Tuesday to restructure and extend the scheme of the Prime Minister Street seller atmanirbhar nidhi (PM Svanidhi) after the previous deadline on December 31, 2024. Participants.
The decision, which is chaired by Prime Minister Narendra Modi, comes as part of the broader batch of the government to enhance financial inclusion, digital adoption, and social and economic empowerment of sellers throughout the country.
Loan Loan Temple
Under the restructured framework, sellers on the streets will be able to reach improved loans. The first slide loan was increased to 15,000 rupees (previously 10,000 rupees), and the second tranche to 25,000 rupees (20,000 rupees), while the third chip is still unchanged at 50,000 rupees.
The beneficiaries who successfully pay the second loan will also be qualified for UPI credit card, providing them with immediate access to credit for commercial and personal needs.
To enhance digital adoption, the government also provided cash recovery incentives of $ 1,600 to sellers in the streets who are digitally retail and sentence.
Component details
Total expenditures (2025-2030) 7,332 rupees
The target beneficiaries 1.15 rupees of the street sellers
New beneficiaries (listed above) 50 for
Loan Steet 1 (reinforcement) up to 15,000 dollars (previously 10,000 dollars)
Loan Steet 2 (improved) up to $ 25,000 (previous $ 20,000)
Loan slice 3 $ 50,000 (unchanged)
Digital incentives cash recovery up to $ 1,600 for each seller
RuPay Credit Card Post Sedawern’s credit facilities
Wider coverage
While the plan initially covered legal cities, its scope will now expand to include census cities, areas surrounding the attendance and other areas specified gradually.
In addition to financial support, the restructured plan focuses strongly on entrepreneurship training, financial literacy, digital skills, and marketing support. In partnership with the Food and Standards Authority in India (FSSAI), exercises will also be provided on hygiene and food safety for the food sellers in the streets.
The luxury behind the credit
The “Svanidhi” component will be strengthened by Lok Kalyan Melaas to help street vendors to reach various governmental care plans through the saturation approach, ensuring access to all qualified families.
background
It was launched on June 1, 2020, in the wake of the Covid-19 pandemic, the PM Svanidhi was designed to provide working-free capital loans to sellers in the streets who have suffered from severe economic setbacks.
Since its inception, the scheme exceeded its original goal. As of July 30, 2025, more than 96 Luke Loans of 13,797 rupees were spent to 68 street vendors. Nearly 47 beneficiaries of digital payments were adopted, leaving more than 557 rupees of 6.09 rupees, and earning 241 rupees of money recovery rewards.
The social welfare component has also made great steps, as it described 46 beneficiaries of the beneficiaries via 3,564 local urban bodies (ULBS) and enabled the penalties for a 1.38 crore scheme under various government initiatives.
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