Government schemes
What is PM SVANidhi?
PM SVANidhi is a central sector run by the Ministry of Housing and Urban Affairs, launched in 2020.
The detail
| Ministry | Housing and Urban Affairs |
|---|---|
| Launched | 2020 |
| Type | central sector |
| Funding | 100% Centre for interest subsidy and guarantee |
| Aim | Collateral-free working capital loans in rising tranches (Rs 15,000, Rs 25,000, Rs 50,000 since the August 2025 restructuring) for street vendors, with interest subsidy and a UPI-linked credit card; extended to March 2030 |
Commonly confused: Ministry is Housing and Urban Affairs (street vendors are urban), not MSME or Finance. First-tranche amount rose from Rs 10,000 to Rs 15,000 in 2025.
Source: pmsvanidhi.mohua.gov.in/
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