The PM SVANidhi scheme, which supports street vendors operating in urban areas as of March 24, 2020, will be revamped with improved benefits.
The revised scheme includes:
· Enhanced loans from banks
· UPI-linked credit cards with a Rs 30,000 limit
· Capacity-building support for vendors
Key Features of PM SVANidhi
· Initial working capital loan of Rs10,000
· 7% interest subsidy for timely repayment
· Cash-back incentives for digital transactions
· Higher loan eligibility for vendors repaying on time
