Government Schemes and Policy · 2 June 2026

Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi): Affordable Working Capital Loans for Street Vendors

Exam-focused facts from the 2 June 2026 current affairs briefing.

Key facts

  • The Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched in 2020 to provide affordable working capital loans to street vendors.
  • The scheme aims to facilitate the integration of street vendors into the formal financial system and ensure access to collateral-free credit.
  • PM SVANidhi encourages the adoption of digital transactions and provides incentives for the timely repayment of loans.
  • The initiative focuses on expanding access to formal credit, promoting digital transactions, and strengthening social security coverage for vendors.
  • Union Minister for Power and Housing & Urban Affairs, Manohar Lal Khattar, addressed the sixth PM SVANidhi programme in Agartala.

View this story in the full daily briefing

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