CM Saini Backs PM SVANidhi on Scheme's 6th Year
Synopsis
Haryana Chief Minister Nayab Singh Saini marked six years of PM SVANidhi on June 1, 2026, calling the scheme a vehicle of new opportunities and dignity for street vendors, and reaffirming his government's commitment to last-mile delivery of central welfare programmes.
Key Takeaways
Haryana CM Nayab Singh Saini posted on June 1, 2026 to mark six years of PM SVANidhi .
PM SVANidhi was launched in June 2020 under the Atmanirbhar Bharat package to provide collateral-free micro-credit to street vendors.
Saini credited PM Narendra Modi's vision for giving lakhs of small traders economic strength and social dignity.
The Haryana government stated it is committed to ensuring every eligible person receives the scheme's benefits.
The scheme targets rehdi-patri and footpath vendors who historically lacked access to formal credit.
Haryana Chief Minister Nayab Singh Saini on Monday, June 1, 2026, praised the PM SVANidhi scheme as a transformative programme for street vendors and small traders across India, crediting Prime Minister Narendra Modi's vision for giving lakhs of informal-sector workers both financial support and a path toward self-reliance.
Context
Saini's post, carrying the hashtag #6YearsofPMSVANidhi, marks the sixth anniversary of the scheme's launch. In his message, he wrote that the scheme has become 'नए अवसरों और सम्मान का माध्यम' ('a medium of new opportunities and dignity') for rehdi-patri and footpath vendors who spent decades managing their livelihoods with limited resources.
He added that the programme has given small traders 'economic strength, social dignity, and a new path toward self-reliance' — and that his state government is working with full commitment to ensure every eligible person receives the benefit of welfare schemes in line with the Prime Minister's resolve.
Policy Backdrop
PM SVANidhi — the Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi — was launched in June 2020 as part of the Atmanirbhar Bharat package to provide collateral-free working capital loans to urban street vendors whose earnings were severely disrupted by pandemic-related restrictions.
The scheme extended micro-credit in successive slabs, coupled with digital onboarding, to bring informal vendors into the formal financial system. Successive expansions have broadened loan eligibility and encouraged digital transactions among beneficiaries.
Haryana has been among the states implementing the scheme through its municipal bodies, with the state government periodically aligning its urban livelihood messaging with the central programme's milestones.
Stakeholders and Impact
The primary beneficiaries are rehdi-patri vendors — pushcart sellers, footpath traders, and other street-based micro-entrepreneurs — who historically lacked access to formal credit. The scheme's collateral-free loans and credit-history building have been positioned as a route out of dependence on high-interest informal moneylenders.
Saini's statement underlines the Haryana government's role as a last-mile delivery partner for the central scheme, signalling continued administrative focus on vendor outreach within the state's urban areas.
What's Next
With the sixth anniversary serving as a communication milestone, attention will turn to state-level disbursal data from Haryana's municipal bodies and whether the anniversary prompts any fresh enrolment drives or loan-slab revisions at the central level. Integration with other urban livelihood programmes ahead of budget sessions could also shape how the scheme is expanded in the coming months.
Point of View
Saini positions the state administration as a loyal and effective implementer rather than an independent actor. The emphasis on 'social dignity' alongside economic credit signals a deliberate effort to frame the scheme not merely as a financial product but as a recognition of the informal sector's worth. This pattern of coordinated anniversary messaging across BJP-ruled states amplifies the central government's welfare brand while giving state leaders a visible platform.
NationPress
7 Aug 2026
Frequently Asked Questions
What is PM SVANidhi scheme?
PM SVANidhi, or Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi, is a central government scheme launched in June 2020 that provides collateral-free working capital loans to street vendors and small traders to help them rebuild livelihoods and enter the formal financial system.
When was PM SVANidhi launched?
PM SVANidhi was launched in June 2020 as part of the Atmanirbhar Bharat package, primarily to support urban street vendors affected by pandemic-related disruptions.
What did Haryana CM Nayab Singh Saini say about PM SVANidhi?
On June 1, 2026, CM Saini praised PM SVANidhi as a source of new opportunities, economic strength, and social dignity for rehdi-patri vendors, and said the Haryana government is committed to ensuring every eligible person benefits from the scheme.
Who benefits from PM SVANidhi?
The scheme primarily benefits urban street vendors, pushcart sellers, and footpath traders — collectively called rehdi-patri vendors — who lack access to formal credit and rely on micro-loans to sustain their businesses.
How is Haryana implementing PM SVANidhi?
The Haryana government works through its municipal bodies to identify eligible vendors, facilitate loan applications, and ensure last-mile delivery of the central scheme's benefits across the state.
