PM SVANidhi Scheme: Get Up to ₹50,000 Loan Without Guarantee for Your Business

• The PM SVANidhi scheme offers financial assistance from ₹15,000 to ₹50,000 to street vendors and hawkers.
• Loans are provided without any guarantee, making it accessible for economically weaker sections to start or expand businesses.
• The amount is disbursed in three installments, helping beneficiaries establish their livelihoods.
• Initially, the scheme offered up to ₹10,000, which has now been increased, leading to a surge in applications.
• Beneficiaries can also avail a mobile phone under the scheme to promote digital transactions and business advancement.

Why It Matters: The PM SVANidhi scheme provides collateral-free loans up to ₹50,000 to empower street vendors and small businesses.