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‘SVANidhi se Samriddhi’ program:

GS Paper 2:

Topics Covered: Schemes


The Union Government has launched the ‘SVANidhi se Samriddhi’ program in additional 126 cities across 14 States/ UTs.


About the ‘SVANidhi se Samriddhi’:

  • It is an additional program of
  • Launched under the Ministry of Housing and Urban Affairs.
  • Implementing Partner: Quality Council of India (QCI).
  • During Phase 1 of the program, it covered 125 cities, covering approximately 35 Lakh Street vendors and their families.
  • Aim: To provide social security benefits to street vendors for their holistic development and socio-economic upliftment.
  • Under the program, socio-economic profiling of PM SVANidhi beneficiaries and their families is conducted to assess their eligibility for Eight Government of India’s welfare schemes and facilitate sanctions of eligible schemes.


These Eight schemes include:

1) Pradhan Mantri Jeevan Jyoti Bima Yojana.

2) PM Suraksha Bima Yojana.

3) Pradhan Mantri Jan Dhan Yojana.

4) Building and other Construction Workers (Regulation of Employment and Conditions of Service) Act (BOCW).

5) Pradhan Mantri Shram Yogi Maandhan Yojana.

6) National Food Security Act (NFSA)-portability benefit – One Nation One Ration Card (ONORC).

7) Janani Suraksha Yojana and 8) Pradhan Mantri Matru Vandana Yojana.


PM SVANidhi Scheme:

It is a special micro-credit facility plan to provide affordable loan of up to ₹10,000 to more than 50 lakh street vendors, who had their businesses operational on or before 24 March 2020.

  • Small Industries Development Bank of India is the technical partner for implementation of this scheme.
  • It will manage the credit guarantee to the lending institutions through Credit Guarantee Fund Trust for Micro and Small Enterprises.


Loans under the scheme:

  • Under the scheme, vendors can avail working capital loan of up to ₹10,000, which is repayable in monthly installments within one year.
  • On timely/early repayment of the loan, an interest subsidy of 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer (DBT) on six-months basis.
  • There will be no penalty on early repayment of loan.



The scheme is applicable to vendors, hawkers, thelewalas, rehriwalas, theliphadwalas in different areas/contexts who supply goods and services. Street vendors belonging to the surrounding peri-urban/rural areas are also included.



Prelims Link:

  1. PMSVANidhi.
  2. Atmanirbhar Bharat Abhiyan.
  3. Economic Stimulus-II.
  4. Issues related to Development.
  5. Government Policies and Interventions.
  6. Atmanirbhar Bharat Abhiyan.

Sources: PIB.