Page 10 - NIS English 16-30 September, 2025
P. 10
Union Cabinet Decisions
Powering The
Dreams Of Street
Vendors
PM SVANidhi
till 2030
During the global challenges of DECISION: The PM Street Vendors Aatmanirbhar
COVID-19, the PM SVANidhi Scheme Nidhi (PM SVANidhi) scheme has been restruc-
became a lifeline for the livelihoods tured and extended till 31 March 2030.
IMPACT: The total cost of this scheme is Rs 7,332
of more than 1 crore street vendors crore. The restructured scheme aims to benefit 1.15
and has given a new direction to the crore beneficiaries, including 50 lakh new benefi-
concept of self-employment. Given ciaries. It will prove to be helpful in the lives of street
its encouraging and favourable vendors.
results, the Central Government n This scheme will make street vendors digitally
enabled, socially safe and commercially self-reliant.
has restructured this revolutionary n The key features of the restructured scheme
scheme and extended it until March include increasing the instalment from the current
2030. Committed to the welfare of Rs 10,000 to Rs 15,000 and the second instalment
every section of society, this initiative from Rs 20,000 to Rs 25,000. The third instalment
will be Rs 50,000 as before.
by the Central Government is not n As of July 30, 2025, more than 68 lakh street vendors
just about financial support for have been given loans worth Rs 13,797 crore. More
street vendors—it is a step that has than 96 lakh loans worth Rs 13,797 crore have been
significantly boosted their morale given.
and self-confidence. Alongside this, n Around 47 lakh digitally active beneficiaries have
done more than 557 crore digital transactions
the Union Cabinet has also approved worth Rs 6.09 lakh crore, earning them a total cash-
several other important proposals... back of Rs 241 crore.
n Under the ‘SVANidhi se Samriddhi’ initiative, profiles
8 NEW INDIA SAMACHAR || September 16-30, 2025
