India, Feb. 9 -- The Government of India has issued a release:
PM SVANidhi scheme provides working capital term loans to urban street vendors in three tranches. Upon successful repayment of first and second tranches, the street vendor becomes eligible to avail second and third tranche loans respectively. This staggered lending structure prevents over-indebtedness and encourages sustainable repayment behaviour. In addition, UPI-linked RuPay Credit Cards have been introduced in the restructured PM SVANidhi scheme for street vendors who have successfully repaid the second tranche loan enabling them to meet immediate financial and business needs. Since the inception of the scheme in June, 2020 till 20 January, 2026, 71.57 lakh, 27.28 lakh and ...