PM Modi highlights six years of PM SVANidhi, praises street vendors’ contribution to economy

June 1, 2026 1:06 PM

PM Modi highlights six years of PM SVANidhi, praises street vendors’ contribution to economy

Prime Minister Narendra Modi on Monday highlighted the successful completion of six years of the Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme. In a post on X, PM Modi said, "Today we mark 6 Years of PM SVANidhi, a scheme which has transformed the lives of countless street vendors by ensuring access to collateral-free credit, financial inclusion and new opportunities for growth. This scheme is all about trust, dignity and empowerment." Extending his best wishes to benef...

Cabinet approves extension and restructuring of PM SVANidhi Scheme till 2030

August 27, 2025 3:49 PM

Cabinet approves extension and restructuring of PM SVANidhi Scheme till 2030

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the restructuring and extension of the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme. The lending period, which was earlier valid till December 31, 2024, has now been extended to March 31, 2030. The total outlay for the restructured scheme is ₹7,332 crore.   The government said the revised scheme will cover 1.15 crore beneficiaries, including 50 lakh new street vendors. Implementation...

Budget 2025: FM proposes ID cards for gig workers, UPI-linked credit cards for street vendors

February 1, 2025 1:22 PM

Budget 2025: FM proposes ID cards for gig workers, UPI-linked credit cards for street vendors

Finance Minister Nirmala Sitharaman, during her Budget 2025 presentation, announced a range of initiatives aimed at empowering gig workers and street vendors, signaling a continued push toward inclusive development. In a landmark move, the government will issue ID cards to gig workers, granting them access to healthcare and other social security benefits through a newly proposed welfare scheme. The initiative aims to support urban and online platform workers by providing identity cards and faci...