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Enhanced Loan Structure and Digital Push
The enhanced loan structure includes first tranche loans increased up to Rs 15,000 (from Rs 10,000) and second tranche loans increased up to Rs 25,000 (from Rs 20,000), while the third tranche remains unchanged at Rs 50,000.
The introduction of UPI-linked RUPAY Credit Card would provide immediate access to credit to the street vendors in order to meet any emergent business and personal requirements, the government said in a statement.
Further, in order to give boost to digital adoption, the street vendors can avail cashback incentives up to Rs 1,600 on making retail and wholesale transactions.
The key features of the restructured scheme include enhanced loan amount across first and second tranche, provision of UPI-linked RuPay Credit Card for beneficiaries who have repaid the second loan, and digital cashback incentives for retail and wholesale transactions. The scheme’s coverage is being expanded beyond statutory towns to census towns, peri-urban areas etc. in graded manner, it said.
Capacity Building and Wider Impact
The scheme also focuses on building the capacity of the street vendors with a focus on entrepreneurship, financial literacy, digital skills, and marketing through convergence. Standard hygiene and food safety trainings would be conducted for street food vendors, in partnership with FSSAI.
The Government had initially launched PM SVANidhi Scheme on June , 2020 to support street vendors who faced unprecedented hardships during the COVID-19 pandemic. However, since the inception of the scheme it has proved to be more than financial support for street vendors and has given them a sense of identity & formal recognition for their contribution to the economy.
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As of July 30, 2025, over 9.6 million loans amounting to Rs 13,797 crore have been disbursed to more than 6.8 million street vendors.
Nearly 4.7 million digitally active beneficiaries have conducted over 5.57 billion digital transactions worth Rs 6.09 lakh crore, earning a total cashback of Rs 241 crore. Under the ‘SVANidhi se Samriddhi’ initiative, 4.6 million beneficiaries across 3,564 Urban Local Bodies (ULBs) have been profiled, leading to over 13.8 million scheme sanctions.