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Government Announces Massive Expansion of PM Svanidhi Plus Scheme.

Government Schemes | Dated: 23 Apr 2026

The Ministry of Housing and Urban Affairs announced a highly aggressive expansion of the PM Svanidhi Plus scheme. The government aims to officially disburse completely collateral-free loans up to Rs 2 lakh to strictly support small urban merchants.

🎯 Key Highlights:

  • This expands the credit limit specifically for merchants with excellent repayment histories.
  • The initiative heavily incorporates a 5 percent interest subvention directly to the bank account.
  • It is a deeply core component of the broader urban poverty alleviation vision.

💡 Other Important Facts:

  • Scheme: PM Svanidhi Plus.
  • Target: Urban Merchants.
  • New Limit: Rs 2 Lakh.

📚 Test Your Knowledge:

The Ministry of Housing recently announced the massive expansion of the PM Svanidhi Plus Scheme. What is the new collateral-free loan limit under the expanded category?

Correct Answer: Rs 2 Lakh

🚀 Quick Recap:

About PM Svanidhi

  • Launch Year - 2020
  • Target Audience - Street Vendors and Small Merchants