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.