Archive · 23 Jan 2026
PM Modi Launches PM SVANidhi Credit Cards in Kerala
Prime Minister Narendra Modi launched the PM SVANidhi Credit Cards in Kerala.
These credit cards are designed to help street vendors who have repaid their previous loans under the scheme.
The card has a credit limit of Rs 30,000 and an initial operating limit of Rs 10,000.
It is valid for five years and offers an interest-free credit period of 20 to 50 days.
Over 10,000 vendors in Kerala and 600 in the capital city received these cards during the launch event.
This initiative aims to make financial services accessible to all strata of society, not just the wealthy.
PM Modi launched PM SVANidhi Credit Cards in Kerala to promote financial inclusion for street vendors.
The credit card has a limit of Rs 30,000 with an initial operating limit of Rs 10,000.
The card is valid for five years and offers an interest-free credit period of 20 to 50 days.
Over 10,000 vendors in Kerala and 600 in the capital city received the cards during the launch.
The initiative aims to provide financial flexibility and liquidity to street vendors.
- Who
- Prime Minister Narendra Modi
- What
- Launch of PM SVANidhi Credit Cards
- When
- Friday
- Where
- Thiruvananthapuram, Kerala
- Why
- To promote financial inclusion for street vendors
- Credit Limit
- Rs 30,000
- Initial Operating Limit
- Rs 10,000
- Validity Period
- 5 years
- Interest-Free Credit Period
- 20 to 50 days
- Beneficiaries in Kerala
- 10,000 vendors
- Beneficiaries in Capital City
- 600 vendors