PM SVANidhi Scheme: A Comparative Analysis of Loan Disbursement Patterns and Digital Financial Inclusion in Haryana and Punjab

Author(s)	Ms. Nisha, Deepak Goyal, Dr. Rohtas
Country	India
Abstract	The Pradhan Mantri Street Vendors' Atma Nirbhar Nidhi (PM SVANidhi), formally instituted on 1 June 2020 by the Ministry of Housing and Urban Affairs (MoHUA), was conceived as a targeted economic recovery mechanism for urban street vendors whose livelihoods were severely disrupted by the COVID-19 pandemic. The programme extends collateral-free working-capital credit in three progressive tranches (₹10,000; ₹15,000–20,000; ₹30,000–50,000), supplemented by a seven-percent annual interest subvention upon timely repayment and a digital transaction-linked cashback incentive of up to ₹1,200 annually.
Keywords	PM SVANidhi; Haryana; Punjab; street vendors; loan disbursement; digital financial inclusion; urban Informal sector; micro-credit
Published In	Volume 8, Issue 3, May-June 2026
Published On	2026-05-27

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