IMPROVEMENT UNDER PM SVANIDHI SCHEME

• PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) is a Central Sector micro-credit scheme launched June 2020 by the Ministry of Housing & Urban Affairs (MoHUA) to provide collateral-free working capital loans to urban street vendors in three escalating tranches.
• Restructured in 2025 with enhanced loan ceilings, a UPI-linked RuPay Credit Card, extended tenure till 31 March 2030, and outlay of ₹7,332 crore targeting 1.15 crore beneficiaries.
• UPSC relevance: flagship urban livelihoods/financial-inclusion scheme intersecting the Street Vendors Act, 2014, formalisation of informal economy, and digital payments push.