National News

Restructuring of the PM SVANidhi scheme

September 1 , 2025 16 hrs 0 min 38 0

The Union Cabinet approved the extension and restructuring of the PM SVANidhi scheme until March 31, 2030.
The scheme was initially valid until December 31, 2024.
It will be jointly implemented by the Ministry of Housing and Urban Affairs and the Department of Financial Services.
Under the new structure, the first loan tranche has increased from ₹10,000 to ₹15,000.
The second tranche has been increased from ₹20,000 to ₹25,000.
The third tranche remains at ₹50,000.
Scheme coverage is being expanded beyond statutory towns to census towns and peri-urban areas.
Monthly Lok Kalyan Melas will be held to connect beneficiaries and their families with various welfare programmes.
PM SVANidhi was launched on June 1, 2020, during the COVID-19 pandemic.
Over 96 lakh loans worth ₹13,797 crore have been disbursed to more than 68 lakh vendors since launch.
The scheme has received the PM's Award for Excellence in Public Administration (2023) and Silver Award for Digital Transformation (2022).