UPI-Linked Credit Card Loans: The Central Government has given a big relief to street vendors 👩🍳👨🔧 by extending the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Yojana for another five years, till March 31, 2030.
👉 The scheme also comes with a special benefit — UPI-linked RuPay credit cards 💳 for eligible vendors, helping them manage both business and personal needs easily.
🏛 Key Cabinet Decision
- The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the restructuring and extension of the scheme.
- Total outlay: ₹7,332 crore 💰
- Beneficiaries: 1.15 crore street vendors, including 50 lakh new ones 🙌
💳 UPI-Linked RuPay Credit Card Benefits
- Available for vendors who have successfully repaid their second loan.
- Provides instant access to credit for emergencies or business expansion.
- Cashback incentives up to ₹1,600 on digital retail & wholesale transactions. 💸
- Boosts digital adoption among small vendors. 📲
📌 Enhanced Loan Structure
| Loan Tranche | Earlier Limit | New Limit |
|---|---|---|
| First Loan | ₹10,000 | ₹15,000 |
| Second Loan | ₹20,000 | ₹25,000 |
| Third Loan | ₹50,000 | No Change |
✅ This upgrade ensures better financial support for vendors to expand their business.
🌍 Wider Coverage
The scheme will now cover:
- Statutory towns 🏙
- Census towns
- Peri-urban areas (in a phased manner)
📚 Capacity Building for Vendors
The scheme is not just about loans — it also focuses on:
- Entrepreneurship training 💼
- Financial literacy 📖
- Digital skills 💻
- Marketing support 📢
- Food safety & hygiene training 🍲 (in partnership with FSSAI for street food vendors)
❤️ Welfare Through ‘SVANidhi se Samriddhi’
- Monthly Lok Kalyan Melas to connect vendors with other government welfare schemes.
- Aims at holistic development of vendors and their families. 👨👩👧👦
📊 Achievements So Far (as of July 30, 2025)
- 96 lakh loans disbursed worth ₹13,797 crore.
- 68 lakh beneficiaries supported.
- 47 lakh digital vendors conducted 557 crore+ transactions worth ₹6.09 lakh crore.
- Cashback of ₹241 crore distributed.
- Under SVANidhi se Samriddhi, 46 lakh vendors profiled across 3,564 ULBs, leading to 1.38 crore scheme sanctions.
⚠️ Disclaimer
This article is for awareness and education purposes only. Taking loans or credit cards involves risks such as high interest rates and hidden charges. Please consult certified financial experts before making any decision.
✨ In short, the PM SVANidhi Yojana extension till 2030 is a big step to empower India’s street vendors — giving them better loans, UPI-linked credit cards, digital incentives, and welfare support for a stronger future.