Tripura has made notable progress under the PM SVANidhi scheme, with more than 9,300 collateral-free loans sanctioned to street vendors since 2020. Union Minister Manohar Lal highlighted the achievement during the scheme’s sixth anniversary celebration, emphasizing its role in strengthening livelihoods and financial inclusion.
Quick Glance
- Tripura has sanctioned over 9,300 PM SVANidhi loans since 2020.
- Nearly ₹15 crore has been disbursed to street vendors in the state.
- Union Minister Manohar Lal praised Tripura’s performance under the scheme.
- PM SVANidhi has helped vendors access formal banking and credit facilities.
Agartala: Tripura has registered significant success under the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme. Since its launch in June 2020, the programme has extended collateral-free financial assistance to thousands of street vendors across the state.
The achievement came into focus during the sixth anniversary celebration of PM SVANidhi. The event brought together beneficiaries from several North Eastern states and highlighted the scheme’s impact on urban livelihoods.
Union Minister for Housing and Urban Affairs Manohar Lal, along with Tripura Chief Minister Dr. Manik Saha, interacted with beneficiaries during the programme. They also distributed loan sanction letters and credit cards to eligible street vendors from Tripura.
The initiative forms part of the Central Government’s broader effort to strengthen small businesses, promote self-employment, and improve financial inclusion among vulnerable urban communities.
Manohar Lal Highlights Tripura’s Progress
Addressing the gathering, Manohar Lal commended Tripura’s performance under PM SVANidhi. He stated that the state has sanctioned more than 9,300 loans since the scheme began.
According to the Minister, beneficiaries in Tripura have received nearly ₹15 crore in financial assistance. He said the programme has helped many street vendors access institutional credit and expand their businesses.
The Minister stressed that PM SVANidhi is more than a loan scheme. It also seeks to provide dignity, confidence, and economic security to vendors who contribute significantly to urban economies.
He further noted that the initiative has encouraged many first-time borrowers to connect with formal banking institutions. As a result, vendors who previously depended on informal lenders now have access to structured financial support.
Scheme Helps Vendors Join Formal Economy
Manohar Lal observed that PM SVANidhi has transformed the lives of lakhs of beneficiaries across the country. Many vendors have opened bank accounts for the first time and become part of the formal financial system.
This transition has improved financial literacy and reduced dependence on high-interest informal loans. Moreover, digital transactions and banking services have become more accessible to beneficiaries.
The Minister added that financial inclusion remains one of the scheme’s most important achievements. Through institutional support, street vendors can now plan business expansion with greater confidence.
North East Registers Strong Growth
The Union Minister also highlighted the scheme’s performance across the North Eastern region. He said more than 2.59 lakh loans have been sanctioned in the region.
Financial assistance exceeding ₹430 crore has reached street vendors in the Northeast. These funds have enabled beneficiaries to improve business operations and generate more stable incomes.
Tripura remains one of the states benefiting from this broader regional effort to strengthen urban livelihoods and support self-employment.
PM SVANidhi Continues to Deliver National Impact
Launched during the COVID-19 pandemic in 2020, PM SVANidhi has evolved into one of India’s most impactful urban livelihood programmes.
The scheme provides affordable collateral-free loans to street vendors. It also promotes digital inclusion and links beneficiaries with social welfare programmes.
Over the past six years, millions of vendors have received support under the initiative.
Key Achievements of PM SVANidhi
| Achievement | Figures |
|---|---|
| Total Loan Sanctions Nationwide | 1.05 Crore+ |
| Total Amount Disbursed | ₹17,800 Crore+ |
| Street Vendors Benefited | 75.5 Lakh+ |
| Women Vendors Supported | 34.81 Lakh+ |
| Vendor Families Profiled Under SVANidhi Se Samriddhi | 50 Lakh+ |
| Welfare Scheme Benefits Facilitated | 1.52 Crore+ |
| Loans Sanctioned in North East | 2.59 Lakh+ |
| Financial Assistance in North East | ₹430 Crore+ |
| Loans Sanctioned in Tripura | 9,300+ |
| Amount Disbursed in Tripura | Nearly ₹15 Crore |
Growing Opportunities for Tripura’s Street Vendors
The steady rise in PM SVANidhi beneficiaries reflects Tripura’s expanding participation in financial inclusion programmes.
Street vendors across urban centres in Agartala and other parts of the state are gaining access to affordable credit and formal banking services.
The scheme continues to create new opportunities for self-employed workers. It supports business growth, encourages entrepreneurship, and strengthens household incomes.
As Tripura records steady progress, PM SVANidhi remains a key instrument for inclusive urban development and economic empowerment.
People Also Ask
What is PM SVANidhi?
PM SVANidhi is a Central Government micro-credit scheme that provides collateral-free working capital loans to street vendors.
How many PM SVANidhi loans have been sanctioned in Tripura?
More than 9,300 loans have been sanctioned in Tripura since the scheme was launched in 2020.
How much financial assistance has been disbursed in Tripura under PM SVANidhi?
Nearly ₹15 crore has been disbursed to beneficiaries in the state.