Question
Under the revamped PM SVANidhi scheme (extended till 2030), what is the loan amount for the third tranche for registered street vendors?
Solution
The revamped PM SVANidhi scheme, extended until March 31, 2030, revised the loan structure: • ₹15,000 in the first tranche • ₹25,000 in the second tranche • ₹50,000 in the third tranche This extension came with an increased collateral-free loan amount (+₹5,000 over earlier provisions) and also introduced UPI-linked RuPay credit cards for vendors. The scheme aims to benefit 11.5 million street vendors, including 5 million new beneficiaries, and has already disbursed 9.6 million loans worth ₹13,797 crore.
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