PM SVANidhi Scheme Extended to Benefit Rural Artisans.

Government Schemes | Dated: 29 Mar 2026

The Ministry of Housing and Urban Affairs officially expanded the scope of the PM SVANidhi scheme to seamlessly include rural artisans and traditional craftsmen. The scheme continues to offer micro-credit facilities without requiring any physical collateral.

🎯 Key Highlights:

  • The expanded scheme provides an initial working capital loan of Rs 10000.
  • Beneficiaries enjoy an interest subvention of 7 percent per annum.
  • Digital transactions are actively incentivized through direct cashbacks.

💡 Other Important Facts:

  • Scheme: PM SVANidhi.
  • New Beneficiary: Artisans.
  • Ministry: MoHUA.

📚 Test Your Knowledge:

The PM SVANidhi scheme, initially for street vendors, was recently expanded by the government to formally include which group?

Correct Answer: Rural Artisans

🚀 Quick Recap:

About PM SVANidhi

  • Launch Year - 2020
  • Implementing Agency - SIDBI