Gig Workers to Get Collateral-Free Loans Up to ₹10,000 Under New Micro-Credit Scheme

• The central government is set to launch a new micro-credit scheme by April 2026 for gig workers, domestic helpers, and unorganized sector employees.
• The scheme will provide collateral-free loans of up to ₹10,000 annually, similar to the PM-SVANidhi scheme for street vendors.
• The Ministry of Housing and Urban Affairs is developing the framework for this initiative.
• Workers registered on the e-Shram portal with a government ID and Universal Account Number are expected to be eligible.
• Over 31 crore unorganized workers and 5.09 lakh gig/platform workers were registered on the e-Shram portal as of November 2025.

Why It Matters: A new micro-credit scheme will offer collateral-free loans to gig workers, boosting financial inclusion.