PM SVANidhi — Credit for Street Vendors
PM SVANidhi is the Centre's collateral-free working-capital loan line for urban street vendors, opened on 1 June 2020 and built as a ladder: repay one small loan and a larger one unlocks. A Cabinet restructuring of 27 August 2025 lifted the three steps to ₹15,000, ₹25,000 and ₹50,000, ran lending to March 2030 and added a UPI-linked RuPay credit card; it completed its first year on 27 August 2026. Government figures at that anniversary count 78.68 lakh vendors, more than 1.18 crore loans and ₹19,171 crore lent since inception.
- PM SVANidhi
- street vendors
- MoHUA
- micro-credit
- RuPay
- UPI
- financial inclusion
- AtmaNirbhar Nidhi
Read the full living note — free
The complete note in both exam lenses (UPSC analytical / fact capsule), its full version history, and “what changed since you last read” — plus tonight's quiz.
Open in CA·WikiAI-assisted, human-reviewed · sourced from PIB, RBI & ministries · editorial policy
More living notes in Government Schemes
- HIV/AIDS Control in India — NACO's 95-95-95 PushExplains the 95-95-95 targets and NACO's four-step MAS district ladder, with Saitual the first district in Mizoram to reach Surakshit status.
- PM SHRI Schools — Exemplar Schools under NEP 2020Explains PM SHRI - the exemplar-school scheme under NEP 2020, its ₹27,360 crore project cost and the 13,092 schools selected by July 2026.
- Saksham Anganwadi and Poshan 2.0 — India's Nutrition MissionOpened the ninth Poshan Maah: launched at Varanasi on 9 September 2026 and running to 8 October, with the network now put past 14 lakh Anganwadi Centres and ten years of PMMVY payouts crossing ₹21,000 crore.
- PARIVARTAN SchemeSpells the scheme out in full: PARIVARTAN is the Programme for Accelerated Renewal and Incentivization of Vehicle Assets, its second half reading Reducing Transport Air-Pollution and Network Emission. It is what the vehicles must be replaced with that changes here - BS-VI, CNG or electric, not BS-VI or electric alone - and the vehicles being retired are now stated as BS-IV and older. The Housing and Urban Affairs ministry launched it as a time-bound fleet-modernisation scheme for the NCR.
- Scheme Milestones — 2026 TrackerCounted Round 1 of the Rs 37,500 crore coal and lignite gasification scheme: seven applications by the 7 September 2026 close - four urea projects (three from Adani Enterprises, one from Talcher Fertilisers), synthetic natural gas from NTPC, syngas from Shyam Sel and Power, and direct reduced iron with syngas from Gallantt Ispat - with Round 2 open from 8 September and fresh windows every two months. Corrected the 75 million tonne figure: it is gasification capacity to be built under the scheme, not coal consumed each year.
- Post-Matric Scholarship for Scheduled CastesExplains how the Post-Matric Scholarship for Scheduled Castes now reaches students: Direct Benefit Transfer into Aadhaar-seeded accounts since 2021-22, applications on the National Scholarship Portal, and a Central share released only after the State pays its own share and uploads verified beneficiary data.