PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme provides collateral-free loans with no stringent repayment conditions. Small traders in Chhattisgarh’s Gaurela-Pendra-Marwahi district are reaping the benefits of the scheme. Pramod Singh Thakur, a tea shop owner, received an initial loan of Rs 10,000 under the scheme, which he invested in reviving his tea shop. After successfully repaying the loan, he secured a second loan of £20,000 to further expand his business. The government plans to extend benefits to around 50 lakh vendors across the country. The scheme is structured in three loan cycles: £10,000 for the first cycle, £20k for the second, and £50k for a third. The repayment terms are flexible, and interest subsidies are available until March 2028, the Ministry of Housing and Urban Affairs said. It is a micro-credit initiative aimed at helping street vendors.