Move Aims to Bolster Self-Reliance Among Street Vendors, Bringing Transformative Change to Their Lives
Published on: August 27, 2025
By: [BTNI]
Location: New Delhi, India
In a significant push towards empowering India’s street vendors, Prime Minister Narendra Modi announced the extension of the PM SVANidhi scheme until March 31, 2030. This decision reflects the government’s unwavering commitment to fostering self-reliance among the country’s millions of street vendors, enabling them to lead dignified and prosperous lives.
The PM SVANidhi scheme, launched to provide affordable working capital loans to street vendors, has already transformed the lives of countless small-scale entrepreneurs by offering them financial support to rebuild and grow their businesses. The extension of the scheme underscores the government’s focus on inclusive economic growth, ensuring that the benefits of development reach the grassroots level.
Prime Minister Modi expressed confidence that this initiative would continue to bring substantial positive changes to the lives of street vendors, whom he affectionately referred to as “rehdi-patri wale bhai-behen.” By extending the scheme for another five years, the government aims to provide sustained access to credit, promote digital transactions, and enhance financial inclusion for this vital segment of India’s informal economy.
Also read- https://www.btnewsindia.com/collector-urges-effective-implementation-of-schemes-in-tribal-villages-under-adi-karmayogi-abhiyan/ https://www.btnewsindia.com/district-panchayat-agriculture-standing-committee-meeting-held-in-rajnandgaon/
This move is expected to further strengthen the resilience of street vendors, empowering them to overcome economic challenges and contribute to the nation’s growth. The decision has been widely welcomed as a step towards building a more inclusive and self-reliant India.
