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PM SVANidhi scheme

PM Modi said street vendors’ financial struggles inspired PM SVANidhi, which provides institutional credit to support small businesses.

PM Modi marked six years of PM SVANidhi, highlighting its role in expanding credit access and financial inclusion for street vendors.

In a major boost for small urban businesses, the government has extended the PM SVANidhi scheme until 2030.

The Union Ministry of Housing and Urban Affairs has provided a total of Rs 13,422 crore in loans to 9,431,000 street vendors.