PM SVANidhi Disburses Over ₹17,800 Crore in Loans to 7.55 Million Street Vendors

The PM SVANidhi scheme has disbursed loans worth over ₹17,800 crore to street vendors across India since its launch in 2020. The update was shared by Union Housing and Urban Affairs Minister Manohar Lal during an event in the northeastern region.

A total of 7.55 million street vendors have benefited from the scheme so far. The initiative continues to focus on financial inclusion and formalisation of small businesses.

What Is the PM SVANidhi Scheme, and How Much Loan Has Been Disbursed?

The PM SVANidhi scheme was launched in 2020 to provide financial support to street vendors. Under the scheme, collateral-free working capital loans are offered in three progressive tranches.

The total disbursement has reached over ₹17,800 crore, reflecting its wide adoption across urban and semi-urban areas. The scheme aims to enable vendors to sustain and expand their businesses through access to institutional credit.

How Many Street Vendors Have Benefited Under the PM SVANidhi Scheme?

According to official data, more than 7.55 million street vendors have benefited from the scheme. Among these, approximately 3.88 million beneficiaries are women, indicating significant participation.

In the northeastern states alone, over 259,000 loans have been disbursed. The total financial assistance in this region exceeds ₹430 crore, highlighting regional outreach.

How Has PM SVANidhi Improved Financial Inclusion and Digital Adoption?

The scheme has played a role in bringing vendors into the formal banking system for the first time. Over 5.5 million beneficiaries have been digitally onboarded under the initiative.

These users have collectively carried out more than 8.41 billion digital transactions worth nearly ₹8.96 trillion. Additionally, around ₹800 crore has been provided through cashback incentives and interest subsidies.

What Benefits and Loan Features Are Offered Under PM SVANidhi?

The scheme offers collateral-free loans of ₹15,000, ₹25,000, and ₹50,000 across successive tranches. Vendors who repay earlier loans are eligible for higher credit limits in subsequent stages.

Successful repayment also enables access to UPI-linked RuPay credit cards with limits up to ₹30,000. These features are designed to encourage repayment discipline and expand credit access over time.

Read More: PM SVANidhi Credit Card Launched.

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Conclusion

The PM SVANidhi scheme has emerged as a key financial inclusion initiative for street vendors in India. With over ₹17,800 crore disbursed and 7.55 million beneficiaries, the scheme has achieved significant scale.

Digital adoption and access to formal credit have been notable outcomes of its implementation. The initiative continues to support livelihood sustainability and economic participation among small vendors.

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