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India extends support for street vendors, boosting loans and digital access through PM SVANidhi Scheme.
The Indian government has extended the PM SVANidhi Scheme until March 2030, increasing its budget to Rs 7,332 crore to support 1.15 crore street vendors.
The scheme, chaired by Prime Minister Narendra Modi, enhances loan amounts to up to Rs 25,000, introduces UPI-linked RuPay credit cards for vendors who repay loans, and offers digital cashback incentives.
It expands coverage to include census towns and peri-urban areas, aiming to promote financial inclusion and digital adoption among street vendors.
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La India extiende su apoyo a los vendedores ambulantes, aumentando los préstamos y el acceso digital a través del PM SVANidhi Scheme.