PM Svanidhi Scheme: Big Budget 2026 Announcements Expected for Street Vendors
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News18•01-02-2026, 08:32
PM Svanidhi Scheme: Big Budget 2026 Announcements Expected for Street Vendors
- •Union Finance Minister Nirmala Sitharaman is expected to make significant announcements regarding the PM Svanidhi Scheme in Budget 2026.
- •The scheme, launched in June 2020, provides collateral-free loans to street vendors and small shopkeepers, with loan limits up to 90,000 rupees in three phases.
- •Key features include interest subsidy for timely repayment and incentives like cashback for UPI-based digital transactions, with some beneficiaries receiving UPI-linked RuPay credit cards.
- •Anticipated changes in Budget 2026 include increasing the maximum loan limit, enhancing digital payment incentives, and simplifying credit facilities.
- •The PM Svanidhi Scheme has been extended until 2030, aiming to support millions of street vendors and promote self-reliance and digital inclusion.
Why It Matters: Budget 2026 is set to boost the PM Svanidhi Scheme, offering more support and expanded benefits for street vendors.
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