PM SVANidhi Completes Six Years

Prime Minister Narendra Modi highlighted six years of the PM SVANidhi scheme for street vendors.

PM SVANidhi was launched in June 2020 to provide collateral-free working capital loans to street vendors. The scheme supports livelihood recovery, formal credit access, digital payments and social security linkages. It is important for understanding urban informal economy and financial inclusion policies. The scheme remains relevant for questions on welfare schemes and post-pandemic livelihood support.