On 19 June 2026 the Nagpur Municipal Corporation revived a plan to establish citywide food courts under the Pradhan Mantri SVANidhi Yojana to provide organised vending spaces and curb roadside encroachments.
PM SVANidhi: Core design
- Nature of support: Collateral‑free working capital loans to street vendors.
- Progressive tranches: ₹15,000, ₹25,000 and ₹50,000 across three tranches.
- Interest incentive: 7% interest subsidy for timely repayment.
- Launch and tenure: Launched June 2020; restructured extension approved August 2025 till March 2030.
- Coverage expansion: Restructured scheme extends to Census Towns and peri‑urban areas with enhanced loan limits.
Scheme reach & key data (as of 18 June 2026)
- Beneficiaries: Nearly 7.6 million street vendors supported.
- Disbursements: Loans disbursed exceed ₹17,800 crore (approx. USD 2.13 billion).
- SVANidhi se Samriddhi: Over 5 million vendor families profiled and linked to eight major Government of India welfare schemes.
- Welfare benefits sanctioned: More than 1.52 crore benefit entitlements recorded.
Nagpur food‑court plan — operational points
- Land requirement: Government‑owned parcels of about 7,000–10,000 sq m identified across municipal zones.
- Functional aims: Provide organised vending spaces, improve hygiene compliance and reduce unregulated stalls on roads and footpaths.
IASPOINT Booster Facts
- Implementation model: Central scheme delivered through municipal/local authorities with bank lending partners.
- Three lending cycles: Scheme disbursements reported across three distinct lending cycles to date.
- Data utility: Profiling under SVANidhi se Samriddhi creates a database for welfare linkage and urban planning interventions.