Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)

Context (PIB I BS): The Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme has achieved a milestone of extending support to more than 50 lakh street vendors.
PM SVANidhi is a Central Sector Scheme, i.e., fully funded by the Ministry of Housing and Urban Affairs (MoHUA).
The scheme has the following objectives:
- To facilitate working capital loans up to Rs. 10,000
- To incentivise regular repayment; and
- To reward digital transactions

The Scheme is available for beneficiaries belonging to only those States/UTs that have notified Rules and Scheme under the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014.
Vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly instalments in the tenure of one year.
On timely/early loan repayment, an interest subsidy @ 7% per annum will be credited to beneficiaries’ bank accounts through Direct Benefit Transfer every quarter.
There will be no penalty on early repayment of the loan.
The scheme promotes digital transactions through monthly cash-back of up to Rs. 100.
The vendors can avail the facility of escalation of the credit limit on timely/early repayment.
It is Implemented by the Small Industries Development Bank of India (SIDBI).

Small Industries Development Bank of India (SIDBI)

SIDBI is set by an Act of Parliament as the Principal Financial Institution for the Promotion, Financing and Development of the MSME sector or similar activities.
It is under the jurisdiction of the Ministry of Finance.
The SIDBI was established in 1990 by the GoI as a wholly-owned subsidiary of IDBI Bank.
It was delinked from IDBI w.e.f. March 27, 2000.