{"id":345310,"date":"2025-08-28T18:04:44","date_gmt":"2025-08-28T12:34:44","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=345310"},"modified":"2025-08-28T18:04:44","modified_gmt":"2025-08-28T12:34:44","slug":"pm-svanidhi-scheme-2-0","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/pm-svanidhi-scheme-2-0\/","title":{"rendered":"PM SVANidhi Scheme 2.0"},"content":{"rendered":"<p><strong>News: <\/strong>The Union Cabinet approved the restructuring and extension of PM SVANidhi (\u201c<strong>PM SVANidhi Scheme 2.0<\/strong>\u201d).<\/p>\n<h2>About PM SVANidhi Scheme 2.0<\/h2>\n<figure id=\"attachment_345311\" aria-describedby=\"caption-attachment-345311\" style=\"width: 411px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-345311\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/08\/Source-SMEStreet.jpg?resize=411%2C251&#038;ssl=1\" alt=\"\" width=\"411\" height=\"251\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/08\/Source-SMEStreet.jpg?resize=300%2C183&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/08\/Source-SMEStreet.jpg?resize=1024%2C623&amp;ssl=1 1024w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/08\/Source-SMEStreet.jpg?resize=768%2C467&amp;ssl=1 768w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/08\/Source-SMEStreet.jpg?w=1323&amp;ssl=1 1323w\" sizes=\"auto, (max-width: 411px) 100vw, 411px\" \/><figcaption id=\"caption-attachment-345311\" class=\"wp-caption-text\">Source &#8211; SMEStreet<\/figcaption><\/figure>\n<ul>\n<li><strong>Full Name: <\/strong>Pradhan Mantri Street Vendor\u2019s AtmaNirbhar Nidhi<strong> 0<\/strong><\/li>\n<li><strong>Extended version:<\/strong> This scheme is an <strong>extension and restructuring<\/strong> of the original <strong>PM SVANidhi scheme.<\/strong>\n<ul>\n<li>The original <strong>PM SVANidhi Scheme <\/strong>was <strong>launched on 1 June 2020<\/strong> <strong>to <\/strong><strong>support street vendors during the COVID-19 <\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>Implementing agencies: <\/strong>Implementation of the scheme would be the <strong>joint responsibility<\/strong> of Ministry of Housing &amp; Urban Affairs (<strong>MoHUA<\/strong>) and Department of Financial Services (<strong>DFS<\/strong>).\n<ul>\n<li>The DFS is responsible for facilitating access to loan\/ credit cards through banks\/financial institution and their ground level functionaries.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Key features of scheme<\/strong>\n<ul>\n<li><strong>Total outlay:<\/strong> The total outlay for the scheme is \u20b97,332 crore.<\/li>\n<li><strong>Timeline: <\/strong>The lending period now runs till 31 March 2030.<\/li>\n<li><strong>Targeted areas<\/strong><strong>:<\/strong> Its coverage to grow <strong>beyond statutory towns to census towns and peri-urban areas<\/strong> in a graded manner<\/li>\n<\/ul>\n<\/li>\n<li><strong>Benefits of scheme<\/strong>\n<ul>\n<li><strong>Enhanced loan structure: <\/strong>The enhanced loan structure includes \u2013\n<ul>\n<li>First tranche loans increased up to Rs 15,000 (from Rs 10,000)<\/li>\n<li>Second tranche loans increased up to Rs. 25,000 (from Rs. 20,000)<\/li>\n<li>Third tranche remains unchanged at Rs. 50,000.<\/li>\n<\/ul>\n<\/li>\n<li><strong>UPI-linked RuPay Credit Card:<\/strong> It is provided to vendors who have repaid the 2nd tranche loan for quick access to emergency credit.<\/li>\n<li><strong>Digital incentives<\/strong>: The street vendors can avail cashback incentives up to Rs. 1,600 on making retail and wholesale transactions.<\/li>\n<li><strong>Capacity building and standards<\/strong>\n<ul>\n<li>Entrepreneurship, financial literacy, digital skills, and marketing through convergence.<\/li>\n<li>Standard hygiene and food safety trainings for street food vendors with FSSAI.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><strong>National recognition:<\/strong> The scheme was awarded the <strong>PM\u2019s Award for Excellence in Public Administration (2023)<\/strong> for Innovation (Central Level) and <strong>Silver Award<\/strong> for Excellence in Government Process Re-engineering for Digital Transformation (<strong>2022<\/strong>).<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: The Union Cabinet approved the restructuring and extension of PM SVANidhi (\u201cPM SVANidhi Scheme 2.0\u201d). About PM SVANidhi Scheme 2.0 Full Name: Pradhan Mantri Street Vendor\u2019s AtmaNirbhar Nidhi 0 Extended version: This scheme is an extension and restructuring of the original PM SVANidhi scheme. The original PM SVANidhi Scheme was launched on 1 June&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/pm-svanidhi-scheme-2-0\/\">Continue reading <span class=\"screen-reader-text\">PM SVANidhi Scheme 2.0<\/span><\/a><\/p>\n","protected":false},"author":10393,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,956,12039],"tags":[11872],"class_list":["post-345310","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-schemes-and-programs","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/345310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10393"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=345310"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/345310\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=345310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=345310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=345310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}