PM-SVANidhi Program Extends Support to Milk Vendors and Newspaper Hawkers for Business Expansion

PM-SVANidhi Program Extends Support to Milk Vendors and Newspaper Hawkers for Business Expansion

The Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi (PM-SVANidhi) program, launched by the Government of India, has been a beacon of hope for countless street vendors across the country. Initially designed to provide financial assistance to street vendors affected by the COVID-19 pandemic, the program has now expanded its ambit to include milk vendors and newspaper hawkers. This significant development aims to empower these essential service providers and enable them to grow their businesses. In this article, we will explore how the PM-SVANidhi program is extending support to milk vendors and newspaper hawkers, often overlooked in the financial ecosystem, through the provision of street vendor loans.

The PM-SVANidhi Program: A Quick Overview

The PM-SVANidhi program was launched on June 1, 2020, with the primary objective of providing affordable working capital loans to street vendors to resume their businesses that were adversely impacted by the COVID-19 pandemic and the ensuing lockdowns. The program offered street vendor loans of up to Rs. 10,000, repayable in monthly installments. Since its inception, PM-SVANidhi has benefitted millions of street vendors across India by providing them with access to formal credit, which was often elusive to this segment.

The Inclusive Expansion of PM-SVANidhi

Recognizing the importance of milk vendors and newspaper hawkers in the daily lives of citizens and their economic significance, the government has made a forward-thinking move by extending the PM-SVANidhi program’s scope to include them. Let’s explore how this expansion is set to impact these two vital segments:

Support for Milk Vendors

Milk vendors, often seen making early morning deliveries of fresh milk to households, have faced their share of challenges, particularly during the pandemic. The inclusion of milk vendors in the PM-SVANidhi program acknowledges their role as essential service providers and aims to empower them in several ways:

1. Financial Support: Milk vendors can now access street vendor loans under PM-SVANidhi to procure additional milk, improve storage facilities, or enhance their distribution networks. This financial support can be a game-changer for small-scale milk vendors, enabling them to expand their businesses.

2. Modernization and Hygiene: The program encourages milk vendors to invest in modernizing their operations and maintaining the highest hygiene standards. This is essential for ensuring the safety of consumers, particularly in these times.

3. Increased Income: With additional working capital and improved facilities, milk vendors can increase their production and reach, ultimately leading to higher income levels. This, in turn, can lead to a better quality of life for them and their families.

Empowering Newspaper Hawkers

Newspaper hawkers are an integral part of the daily routines of millions of Indians who rely on newspapers for information. Recognizing their contribution and the challenges they face, the expansion of PM-SVANidhi brings several benefits to this segment:

1. Business Expansion: Newspaper hawkers can use the street vendor loans to purchase additional newspapers, expand their customer base, or invest in a more organized distribution system. This expansion can lead to increased earnings.

2. Digital Transition: With the changing times and the rise of digital media, newspaper hawkers can utilize the funds to transition into digital news distribution, purchase tablets or smartphones for online subscription services, or explore new avenues of income generation.

3. Financial Security: The PM-SVANidhi program provides financial security to newspaper hawkers by offering them access to formal credit. This can help stabilize their businesses and provide a safety net during challenging times.

Eligibility and Application Process

The eligibility criteria for milk vendors and newspaper hawkers under the PM-SVANidhi program are similar to those for other street vendors. To be eligible, individuals must meet the following requirements:

1. The vendor must be in possession of a valid identity document.

2. They should have been in the business of vending for a specified number of years, as per the guidelines set by the scheme.

3. The vendor should not be a beneficiary of any other government loan or subsidy scheme.

The application process for the PM-SVANidhi program is straightforward and can be done through the respective state urban local bodies (ULBs) or municipal corporations. Vendors can also apply through the PM-SVANidhi portal or mobile app. Once the application is submitted and processed, eligible vendors are provided with street vendor loans.

Benefits of Expanding PM-SVANidhi

1. Financial Inclusion: The expansion of the PM-SVANidhi program to include milk vendors and newspaper hawkers represents a significant step towards financial inclusion. It recognizes the importance of providing access to formal credit for marginalized segments of society.

2. Economic Growth: By supporting these essential service providers, the government contributes to economic growth at the grassroots level. Empowering small-scale milk vendors and newspaper hawkers can lead to job creation and enhanced economic activity.

3. Improved Livelihoods: The program’s financial assistance can lead to improved livelihoods for milk vendors and newspaper hawkers, enhancing their standard of living and financial security.

4. Consumer Convenience: The program ensures the continued availability of essential services like fresh milk and newspapers for consumers, contributing to their convenience and quality of life.

5. Entrepreneurship Promotion: PM-SVANidhi encourages entrepreneurship among these segments by providing them with the resources needed to expand their businesses and explore innovative avenues.


The extension of the PM-SVANidhi program to include milk vendors and newspaper hawkers is a testament to the government’s commitment to uplifting marginalized and essential service providers. This expansion not only recognizes their importance in the daily lives of citizens but also offers them access to formal credit, which can be transformative for their businesses. By providing street vendor loans, the program empowers milk vendors and newspaper hawkers to expand their operations, improve their livelihoods, and contribute to economic growth at the grassroots level. It is a step towards achieving financial inclusion and fostering entrepreneurship among these segments, ultimately benefiting society. You can also read business insurance coverage for additional research and knowledge purpose.