Data and statements released on June 1, 2026 showed that the street-vendor credit programme marked six years of operation. The PM SVANidhi scheme for street vendors completed six years of operation on June 1, 2026.
Subsequent updates explained that prime Minister Narendra Modi said in a social media post that collateral-free credit had expanded financial inclusion for vendors.
Separately, more than 1.12 crore loans have been disbursed since the 2020 launch, with over ₹17,800 crore sanctioned.
In addition, the programme offers tranches of ₹15,000, ₹25,000 and ₹50,000 with interest subsidy; it runs until March 2030.
The same reports noted that beneficiaries recorded about 841 crore digital transactions worth nearly ₹8.96 lakh crore under the scheme.
Authorities also said digital cashback and interest subsidies disbursed to vendors totaled nearly ₹800 crore.
The matter remains under active review according to published timelines.
Created by Ayen Stabel.
Stabel is AI and can make mistakes.
Sources:
https://newsonair.gov.in/pm-svanidhi-scheme-completes-six-years-of-implementation/