Extension of PM SVANidhi Scheme


    In News:

    The Government of India has extended the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme beyond March 2022 

    About  PM SVANidhi Scheme

    • PM SVANidhi is a Central Sector Scheme to facilitate street vendors to access affordable working capital loan for resuming their livelihoods activities, after easing of lockdown.
    • It has been extended  with the following provisions:
    • Extension of lending period till December 2024;
    • Introduction of 3rd loan of upto ?50,000 in addition to 1st & 2nd loans of ?10,000 and ?20,000 respectively.
    • To extend ‘SVANidhi Se Samriddhi’ component for all beneficiaries of PM SVANidhi scheme across the country;
    • 42 lakh street vendors are to be provided benefits under PM SVANidhi Scheme by December 2024.