All about PM SVANidhi Scheme by the Indian Government.
                     All about PM SVANidhi 
Scheme by the Indian 
Government
INTRODUCTION
• PM SVANidhi Scheme or Pradhan Mantri Street Vendor's Atmanirbhar 
Nidhi scheme was launched by the Ministry of Housing and Urban Affairs 
(MoHUA) on 1 June, 2020 (Monday).
• It is a special micro-credit facility scheme for providing affordable loan to 
street vendors. 
Source: Jagran Josh
Objectives
• To provide working capital loan up to Rs 10,000 at a subsidised rate 
of interest.
- To incentivise the regular repayment of a loan.
- Also, to reward digital transactions.
Source: NewsClick
The target beneficiaries of the scheme:
• The scheme targets to benefit over 50 lakh street vendors, who had been 
vending on or before 24 March, 2020 in urban areas. 
• As beneficiaries, the street vendors belonging to the surrounding semi-
urban or rural areas are also included under the urban livelihoods 
programme for the first time.
Source: Zee News
Features: PM SVANidhi Scheme
• Initial working capital of up to Rs 10,000.
• In monthly instalments, the loan is repayable in the tenure of one year.
• On digital transactions incentives of monthly cash-back
Source: GovtJobGuru.in
PM SVANidhi Scheme: Tenure
• The tenure of the scheme or the scheme shall be implemented up to 
March, 2022.
• This scheme is implemented due to financial losses occur due to 
covid 19 pandemic.
Source: FreshersLive
The lending institutions under the 
scheme:
• In the implementation of the scheme, the Urban Local Bodies will play a 
significant role. 
• The lending institutions under the scheme are 
– Scheduled Commercial Banks
– Regional Rural Banks
– Small Finance Banks
– Cooperative Banks
– NBFCs
– Micro Finance institutions 
– Self Help Group banks
Source: Indus Scrolls
Role of Urban Local Bodies (ULBs)
• ULBs will play a significant role and ensures to target the beneficiary 
and reach to them in an efficient manner.
• In integrating the vendors the IT platform will also help into the 
formal financial system.
Source: The statesman
Capacity building
• The scheme will help the street vendors to kick-start their 
businesses who have been finished with the money in the lockdown 
period during COVID-19 pandemic.
Source: Livemint
COLLABORATION FOR CAPACITY 
BUILDING
• A capacity building and financial literacy programme and IEC activities will 
be launched by MoHUA in collaboration with 
– State Governments
– State Missions of DAY-NULM
– ULBs
– SIDBI
– CGTMSE
– NPCI 
Source: GKToday
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