PM SVANidhi, launched June 2020, provides collateral-free microloans to street vendors affected by COVID-19 lockdowns. Celebrating six years of impact, the scheme has disbursed over ₹10,000 crore to 78 lakh beneficiaries across India. Administered by Ministry of Housing and Urban Affairs through banks and NBFCs, it offers loans up to ₹50,000 in three tranches. Digital transaction incentives and skill development components enhance vendor livelihoods. The scheme covers 5 crore eligible vendors nationwide, promoting financial inclusion.

PM SVANidhi represents India's largest urban livelihood intervention targeting street vendors who form the backbone of urban informal economy. Post-COVID lockdowns devastated vendor incomes, making this scheme crucial for economic recovery. The three-tier loan structure (₹10,000-₹20,000-₹50,000) encourages gradual credit building while 7% interest subsidy makes borrowing affordable. Digital payment incentives of ₹1,200 annually promote cashless transactions, aligning with Digital India mission. The scheme's success lies in simplified documentation - requiring only certificate of vending from urban local bodies. Skill development through e-learning modules enhances vendor capabilities beyond mere credit provision. Integration with existing schemes like Mudra Yojana and Stand-Up India creates comprehensive support ecosystem. The scheme addresses urban poverty, financial exclusion, and formalization of informal economy simultaneously. Its performance indicators - 78 lakh loans sanctioned, 94% repayment rate - demonstrate strong implementation. The model has inspired similar interventions globally, showcasing India's innovative approach to pandemic-responsive social protection.