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PM SVANidhi 2.0: Transforming Street Vendors into Smart Entrepreneurs by 2030
Summary: The revamped PM SVANidhi scheme is here! With a massive ₹7,332 crore budget, vendors can now access loans up to ₹50,000, specialized UPI-linked credit cards, and exclusive FSSAI hygiene training to skyrocket their business growth.
PM SVANidhi 2.0: Higher Loans, Digital Cards, and a Vision for 2030
The landscape of urban India's informal economy is witnessing a seismic shift. What began as a COVID-19 relief measure has now been transformed into a cornerstone of "Viksit Bharat." On August 27, 2025, the Union Cabinet approved a major restructuring of the PM SVANidhi Scheme, extending its lifeline until March 31, 2030.
With a total outlay of ₹7,332 crore, this is no longer just a loan scheme - it is a comprehensive ecosystem for the socio-economic upliftment of 1.15 crore street vendors.
Enhanced Capital: The New Loan Structure
Understanding the rising costs of business, the government has boosted the credit limits:
- Tranche 1: Now ₹15,000 (Up from ₹10,000)
- Tranche 2: Now ₹25,000 (Up from ₹20,000)
- Tranche 3: Fixed at ₹50,000 for high-performing vendors.
Pro Tip: Repay your loans timely to unlock a 7% interest subsidy, which is credited directly to your bank account via DBT.
Digital Leap: UPI-linked RuPay Credit Cards
The most exciting update is the introduction of a UPI-linked RuPay Credit Card with a limit of up to ₹30,000.
Who gets it? Vendors who successfully repay their second loan.
Why it matters: It provides instant access to credit for bulk wholesale purchases or personal emergencies, reducing dependence on high-interest local moneylenders.
The "Safe Food" Stamp: FSSAI Partnership
Street food is the heart of Indian cities. To boost consumer trust, the scheme now includes:
- Hygiene & Safety Training: In partnership with FSSAI, street food vendors will receive formal training and certification.
- Marketing Edge: Certified vendors can display their hygiene credentials, attracting more customers and potentially partnering with online food aggregators.
Beyond Credit: SVANidhi se Samriddhi
The scheme acts as a bridge to 8 National Welfare Schemes, including:
- PM Jeevan Jyoti Bima Yojana (Life Insurance)
- PM Suraksha Bima Yojana (Accidental Insurance)
- PM Jan Dhan Yojana
- One Nation One Ration Card (ONORC)
Through monthly Lok Kalyan Melas, the government is ensuring that no vendor family is left behind in the social security net.
How to Apply in 2025-26?
The application process is now faster and fully digital:
- Check Eligibility: Ensure you have a Certificate of Vending (CoV) or an Identity Card from your Urban Local Body (ULB).
- Visit Portal: Go to - https://www.pmsvanidhi.mohua.gov.in
- Aadhaar Link: Ensure your mobile number is linked to your Aadhaar for OTP verification.
- Submit: Upload your basic documents and select your preferred lending bank.
Would you like me to create a checklist of the exact documents you need to keep ready for your PM SVANidhi application?
Keywords: PM SVANidhi Scheme Restructured 2025,UPI Linked Credit Card for Street Vendors,FSSAI Training for Street Food Vendors India
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