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GS2 · Urban poverty

PM SVANidhi restructured: 1.15 crore vendors, lending to 2030

1 min readUrbanisationWelfare Schemes for Vulnerable Sections
Battle IAS current affairs title card: PM SVANidhi restructured: 1.15 crore vendors, lending to 2030 (GS2 · Urban poverty, 20 December 2025)

What happened

  • The restructured PM SVANidhi aims to cover 1.15 crore street vendors, including 50 lakh new beneficiaries, and lending is extended to 31 March 2030 [PIB].
  • The scheme was launched in June 2020 [PIB].

Background

  • SVANidhi gives step-up working-capital loans without collateral and rewards digital transactions.

Why it matters

  • Formal credit pulls vendors away from daily-interest moneylenders.

How to use this in Mains

GS-II Welfare schemes for vulnerable sections

  1. As per PIB (2025-12-20): the restructured PM SVANidhi aims to cover 1.15 crore street vendors, including 50 lakh new beneficiaries, and lending is extended to 31 March 2030.
  2. Formal credit pulls vendors away from daily-interest moneylenders.
Quotable data point

The scheme was launched in June 2020.

PIB: PIB Backgrounder: PM SVANidhi, 20 Dec 2025

Exam angle

UPSC

Prelims: SVANidhi.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

Target vendors

Answer (b) & explanation

PIB.

Practice · UPSC

Lending extended to

Answer (b) & explanation

PIB.

Practice · UPSC

Launched

Answer (b) & explanation

PIB.

Go deeper

ExplainerUrbanisation in India: Census Definitions, Trends, Causes, Problems, 74th Amendment, Urban Missions and Way Forward (UPSC Notes + PYQs)ExplainerSocial Justice (GS-II): Constitutional Basis, Vulnerable Sections, Welfare Schemes, Statutory Bodies and Implementation Gaps (UPSC Notes)

Official source: PIB: PIB Backgrounder: PM SVANidhi, 20 Dec 2025

facts from cited sources only; faculty review pending