PM Swanidhi Yojana increased by 31 March 2030: Loan amount increased from ₹ 10,000 to ₹ 15,000; 1.15 crore street vendors will benefit

The government has now extended the Prime Minister Street Vendor Self -reliance Nidhi i.e. PM Swanidhi Yojana till 2030. The Union Cabinet chaired by Prime Minister Narendra Modi has decided to further improve the PM Swanidhi Yojana. Apart from this, it has been approved to extend the loan period from 31 December 2024 to 31 March 2030.

The total budget of this scheme has been kept at ₹ 7,332 crore. The target of this restructuring plan is to benefit 1.15 crore people including 50 lakh new beneficiaries. Know all the important things related to this in question and answer …

Question: What is the plan and when was it started?

Answer: PM Svanidhi Scheme is a special scheme of the Central Government, which helps to increase their business by giving cheap loans to street vendors. It was started on 1 June 2020, so that the street vendors trapped in difficulty during the Kovid-19 epidemic could get relief. This scheme not only helps the money, but also gives identity and respect in the society to the street vendors.

Question: What has been changed in the loan amount in the new scheme?

Answer: The loan amount has been increased in the new scheme. Now the first phase loan has been increased from Rs 10,000 to Rs 15,000 and the second phase loan from Rs 20,000 to Rs 25,000. The loan of the third phase will be the same as 50,000 rupees before.

Question: What more will the street vendors get new facilities?

Answer: Now street vendors will get the Rupay Credit Card related to UPI, which will give credit to the second loan payers immediately. With this, they will be able to easily take money for their business or personal needs. Also, a cashback of up to Rs 1,600 will also be available on digital payment.

Question: How far will the scope of the scheme increase now?

Answer: Earlier this plan was limited to cities only, but now it will be gradually extended to Sensus Town, Perry-Arban areas and rural areas. More and more hawkers will be able to take advantage of this.

Question: What more special arrangements have been made for street vendors?

Answer: In the scheme, street vendors will be given business, financial knowledge, digital skills and marketing training. Especially street food vendors will also get hygiene and food safety training in collaboration with FSSAI.

Apart from this, public welfare fairs will be organized every month under the prosperity program from self -representation, so that the vendors and their families can also get the benefit of other schemes of the government.

Question: How many people have benefited from this scheme so far?

Answer: As of 30 July 2025, 96 lakh loans were given to more than 68 lakh street vendors under this scheme, whose total value is Rs 13,797 crore. About 47 lakh vendors made more than 557 crore digital transactions, which are priced at 6.09 lakh crore rupees. A cashback of Rs 241 crore was also given on these transactions. Also, 46 ​​lakh beneficiaries have been linked to other government schemes.

Question: How much honor has this plan received?

Answer: PM Svanidhi scheme has received several awards for its great achievements. It received the Prime Minister’s Award in 2023 and the Silver Award for Digital Transformation in 2022. These awards were given for contribution to its economy, livelihood and digital empowerment.

Question: What will be the effect of this scheme in future?

Answer: This scheme will provide cheap and easy loans to street vendors to increase their business, which will improve their economic and social status. This will not only make the vendors self -sufficient, but will also help in converting cities into more vibrant and self -sufficient ecosystems.

The PM Svanidhi scheme is proving to be a game-changer for the street vendors. With increased loans, digital facilities and training programs, this scheme will not only take their business to new heights, but will also give better life to their families.