An Empirical Study of the Socio-Economic Impact of PM SVANidhi Yojana Among Beneficiaries in Indore

This study examines the socio-economic impact of the PM SVANidhi Yojana on street vendors in Indore, focusing on key indicators such as income levels, savings, business expansion, digital financial adoption, and loan repayment trends. Utilizing a descriptive research design, primary data was collected through a structured questionnaire from a sample of 100 street vendors. The findings reveal a statistically significant improvement in income and savings, a notable increase in business expansion, greater adoption of digital transactions, and a reduction in loan repayment burdens, highlighting the scheme’s effectiveness in fostering financial inclusion and economic resilience. The results of the t-test confirm a positive and significant impact of the scheme on the socio-economic well-being of beneficiaries, leading to enhanced financial stability and business sustainability. The study recommends further awareness programs, simplified loan access, digital literacy training, and integration of social security benefits to maximize the scheme's effectiveness. These findings underscore the critical role of microfinance initiatives in empowering street vendors and promoting inclusive urban development.