PM SVANidhi Completes Six Years of Empowering Street Vendors Through Access to Affordable Credit and Social Security

• PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) — Central Sector micro-credit scheme of Ministry of Housing & Urban Affairs (MoHUA) for urban street vendors, launched 1 June 2020 during COVID-19 lockdown.
• Provides collateral-free working capital loans in tranches with 7% interest subsidy, digital-transaction cashback and social-security linkage via 'SVANidhi se Samriddhi'.
• UPSC relevance: urban informal economy, financial inclusion, Street Vendors Act 2014, AtmaNirbhar Bharat, Direct Benefit Transfer architecture.