The government of India has extended and reorganized the PM SAVNidhi Scheme 2025 and renamed it as the PM SVANidhi 2.0 scheme 2025. This scheme is reorganized and extended with the intention to continue supporting treat vendors of the country. This scheme was first launched on 1st June 2020 during the COVID-19 period. Through this scheme, all the vendors across the state have a golden chance to restart their businesses and become financially independent. The government decided to relaunch this scheme till 31st March 2030. The total budget of this scheme is ₹7,322 crore.
Under the new version of this scheme government decided to provide benefits to the 1.15 crore street vendors and 50 lakh new beneficiaries. If you’re a permanent citizen of the country and wish to avail the benefits of this scheme, then keep reading this article till the end to grasp the details.
PM SVANidhi 2.0 Scheme
PM SVANidhi 2.0 Scheme reorganized and extended by the government of India to provide benefits to all the street vendors across the state. This scheme is managed by the Ministry of Housing and Urban Affairs (MoHUA). Under this scheme government provides working capital loans to all the street vendors across the state so they are able to run their businesses without any trouble. Street vendors don’t need to depend on moneylenders. Under this scheme, street vendors also adopt a digital transaction method. By offering this scheme government provides financial support to all the street vendors across the country to expand their business.
Short Overview Of PM SVANidhi 2.0 Scheme
| Scheme Name | PM SAVNidhi 2.0 scheme 2025 |
| Launched by | Government of India |
| Year | 2025-26 |
| Objective | This scheme is reorganized and extended with the intention to continue supporting treat vendors of the country. |
| Scheme type | Social Welfare Scheme |
| Target Beneficiaries | All the street vendors across the state |
| Mode | Online |
| Official Website | – |
How to Apply Online for PM SVANidhi 2.0 Scheme
- Firstly, applicants need to visit the official portal.
- After that, the homepage will appear on the applicant’s desktop.
- Applicants need to click on the option called “Apply LoR cum Loan.”
- Now, a new page will appear on the applicant’s desktop screen. The applicant needs to enter all the required details that are asked for.
- After that, applicants need to click on the option called “Submit” to complete the process.
Objective Of PM SVANidhi 2.0 Scheme
The main goal of the PM SAVNidhi 2.0 scheme 2025 is to provide financial help to all the street vendors across the country so they are able to restart their businesses. Under this scheme government provides affordable working capital loans of up to 30,000 to all the street vendors across the state. The government has already disbursed 96 lakh loans of ₹13,797 crore to over 68 lakh street vendors. By offering this scheme government aims to improve the living standard of street vendors and their families. Through this scheme government aims to empower all the street vendors across the state.
Benefits Of PM SVANidhi 2.0 Scheme
- This scheme is reorganized and extended with the intention to continue supporting treat vendors of the country.
- Through this scheme, all the vendors across the state have a golden chance to restart their businesses and become financially independent.
- The government has already disbursed 96 lakh loans of ₹13,797 crore to over 68 lakh street vendors.
- By offering this scheme government aims to improve the living standard of street vendors and their families.
Eligibility Criteria
- Applicants must be permanent citizens of India
- Applicants must be a street vendor by profession
- Applicants must belong to a middle-class family
Ineligibility Criteria
- Applicants belong to another country
- Applicants, don’t be a street vendor by profession
- Applicants are financially stable
Silent Feature
- Relaunched Date:- The government decided to relaunch this scheme till 31st March 2030.
- Digital Transaction:- Under this scheme, street vendors also adopt the digital transaction method.
- 96 lakh loan:- The Government already disbursed 96 lakh loan of ₹13,797 crore to over 68 lakh street vendors.
- Improve Living Standard:- By offering this scheme government aims to improve the living standard of street vendors and their families.
Required Documents
- Aadhaar Card
- Resident Proof
- Ration Card
- Bank Account Details
- Street Vendor Proof
- Letter of Recommendation
- Passport-Sized Photograph
- Phone Number
FAQs
Which government launched this scheme?
The government of India launched this scheme.
Who is eligible for this scheme?
All the street vendors across the state are eligible for this scheme.
How can we apply for this scheme?
Firstly, applicants need to visit the official portal