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Govt scheme

PM SVANidhi

Micro-credit for street vendors — collateral-free working capital loans up to ₹50,000 with interest subvention.

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Overview

PM Street Vendor's AtmaNirbhar Nidhi provides collateral-free working capital loans to street vendors. The loan ladder progresses from ₹10,000 → ₹20,000 → ₹50,000 on timely repayment, with 7% interest subvention and cashback on digital transactions.

Loan amount

₹10,000 (1st tranche) / ₹20,000 (2nd) / ₹50,000 (3rd).

Interest rate

Lender's prevailing rate, with 7% p.a. interest subvention credited quarterly.

Subsidy / Guarantee

7% interest subvention + ₹1,200/year cashback for digital transactions.

Eligibility

  • Street vendor with Certificate of Vending / ID card from Urban Local Body
  • Vending in urban areas as on / before 24-Mar-2020
  • Surveyed but not issued CoV — provisional certificate issued
  • Vendors from peri-urban / rural areas also eligible

Documents required

  • Aadhaar (mandatory)
  • Voter ID / Driving Licence / PAN
  • Certificate of Vending or LoR
  • Bank account details

How to apply

  • 1Apply at pmsvanidhi.mohua.gov.in or via CSC / partner lender
  • 2Vendor verification by ULB
  • 3Lender appraisal & sanction
  • 4Disbursal in vendor's bank account

Official portal: https://pmsvanidhi.mohua.gov.in/

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Disclaimer: Scheme eligibility, approval, and benefits are determined solely by the relevant government authorities, banks, and implementing institutions.

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