To empower small street vendors across urban areas, the Government of Madhya Pradesh has provided loans worth ₹2,078 crore to over 13.46 lakh beneficiaries under the Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme. In addition, the state government has granted ₹30 crore as interest subsidy to help beneficiaries strengthen their businesses and achieve financial stability.
The Central Government has restructured the PM SVANidhi Scheme and extended its duration till March 31, 2030. Madhya Pradesh ranks first in the country in the implementation of the scheme.
Among urban local bodies, Ujjain, Khargone, and Sarni have been awarded for achieving the highest loan distribution. Additionally, 42 other urban local bodies and bank branches have been recognized at the national level for their outstanding performance.
To ensure that street vendors gain the maximum benefit from the scheme, the Urban Development and Housing Department is conducting capacity-building programs through local urban bodies. Beneficiaries are being trained in financial and digital literacy, e-commerce, packaging, food safety, and hygiene to help them adapt to modern market systems and improve their livelihoods.
The loan amount provided to beneficiaries under the PM SVANidhi Scheme has been increased as follows:
To promote digital transactions, beneficiaries are also being offered cashback incentives — up to ₹1,200 annually on retail transactions and up to ₹400 annually on wholesale transactions.
For the safety and recognition of street vendors, urban local bodies have issued official ID cards. Moreover, beneficiaries have been linked with key social security and welfare schemes such as:
