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Government Announces Massive Expansion of PM SVANidhi Scheme for Gig Workers.

Government Schemes | Dated: 08 May 2026

To vastly strengthen urban unorganized employment, the Ministry of Housing officially announced a massive enhancement in the PM SVANidhi Scheme. The completely collateral-free loan limit has been significantly extended to strictly support gig workers and delivery agents.

🎯 Key Highlights:

  • The scheme now strictly offers a specialized initial working capital loan of Rs 50000.
  • It exclusively applies to all registered delivery personnel via the unified digital portal.
  • The scheme heavily promotes absolute financial inclusion through targeted interest subventions.

💡 Other Important Facts:

  • Scheme: PM SVANidhi.
  • Target: Gig Workers.
  • New Benefit: Rs 50000 Loan.

📚 Test Your Knowledge:

Under the recent expansion of the PM SVANidhi Scheme, the collateral-free working capital loan of Rs 50000 has been newly extended to which specific group?

Correct Answer: Gig Workers

🚀 Quick Recap:

About PM SVANidhi

  • Launch Year - 2020
  • Ministry - Ministry of Housing and Urban Affairs