Good news has emerged for approximately 5,000 street vendors operating under the jurisdiction of the Delhi Municipal Corporation (MCD). This financial year, over ₹16 crores have been disbursed to these small business owners through the central government's PM Svanidhi scheme. According to officials, this initiative is proving beneficial in strengthening the businesses of street vendors.

Data reveals that from April to early July of the fiscal year 2026-27, banks have provided loans totaling ₹16.08 crores to 4,931 beneficiaries under this scheme. Notably, loans are granted without any collateral. Officials indicated that many of these vendors have received the third installment of the loan, as those who repay the first and second installments on time become eligible for larger amounts in subsequent loans.

To benefit from this scheme initiated by the Ministry of Housing and Urban Affairs, vendors must possess a Certificate of Vending (COV). The loans are distributed in three phases to help start, maintain, and expand their businesses. A total financial assistance of up to ₹90,000 is available through this scheme, which includes ₹10,000 in the first installment, ₹20,000 in the second, and ₹50,000 in the third.

In terms of loan distribution, 1,090 street vendors received loans ranging from ₹10,000 to ₹15,000 in the first installment, amounting to a total of ₹1.60 crores. In the second installment, 1,774 vendors were approved for loans of ₹20,000 or ₹25,000, distributing a total of ₹4.18 crores. The third installment saw the highest number of beneficiaries, with 2,067 vendors receiving loans of up to ₹50,000, totaling ₹10.30 crores.