Extracted Data Points

  • PM SVANidhi scheme launched in June 2020 as micro-credit initiative for street vendors
  • Scheme provides collateral-free loans with government-backed credit guarantee support
  • More than 1.12 crore loans disbursed since launch
  • Over 75.5 lakh beneficiaries across cities and towns
  • Total loan amount disbursed: ₹17,800 crore
  • Over 55 lakh beneficiaries onboarded digitally
  • 841 crore digital transactions conducted worth ₹8.96 lakh crore
  • ₹800 crore distributed through digital cashback incentives and interest subsidies
  • Scheme extended until March 2030

Loan Structure

  • First tranche: ₹15,000 collateral-free loan
  • Second tranche: ₹25,000 collateral-free loan
  • Third tranche: ₹50,000 collateral-free loan
  • UPI-linked RuPay Credit Cards with limits up to ₹30,000 for second tranche repayers
  • Cashback incentives up to ₹1,600 for digital transactions

Demographic Impact

  • 46% of beneficiaries are women
  • 70% belong to marginalized communities
  • 95% of beneficiaries accessed formal institutional credit for first time
  • 30% accessed additional credit beyond SVANidhi loans
  • Average annual income increase of nearly 20% for beneficiaries

Additional Features

  • SVANidhi se Samriddhi (SSS) program for socio-economic profiling
  • Links beneficiaries to eight Central welfare schemes
  • Capacity building in financial literacy, digital literacy, and food safety & hygiene
  • Collaboration with FSSAI for training

Case Study Details

  • Babita Sharma (Ghaziabad): Received loans, expanded puja items business, purchased cart
  • Santhi R (Thiruvananthapuram): Progressed to ₹50,000 third tranche, received SVANidhi Credit Card in January 2026
  • Sewali Kalita (Guwahati): Started with ₹10,000 loan, expanded to ₹50,000, earns ₹8,000 monthly profit
  • Yograj Mali (Gandhinagar): Embraced digital payments, benefited from cashback rewards