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Street vendors earn more, go digital under PM-SVANidhi

Posted on May 31, 2026
By Business News Today
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1 min read

Street vendors earn more, go digital under PM-SVANidhi

The PM-SVANidhi scheme has significantly boosted street vendor incomes by 20%. Digital transactions by vendors have nearly doubled, reaching over 83%. The scheme provides collateral-free loans, with 1.05 crore loans disbursed. Defaults are low, and many vendors are now accessing loans from other banks, building a permanent credit history. The scheme aims to disburse 1.5 crore loans.