Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)
PM SVANidhi — street vendors ke liye micro-credit facility through scheduled commercial banks, RRBs, MFIs, NBFCs. Working capital loan ₹50,000 tak available with subsidy.
Scheme Overview
PM SVANidhi (Prime Minister Street Vendor's AtmaNirbhar Nidhi) scheme Ministry of Housing and Urban Affairs (MoHUA), Government of India ne June 2020 me launch ki thi — specifically COVID-19 ke baad street vendors ko relief aur livelihood restoration ke liye. Iska main objective hai urban street vendors ko institutional credit ke pass laana — working capital loan facility provide karna jo unke daily business ko sustain kar sake.
Scheme Categories & Coverage
| Category | Limit/Coverage | Description |
|---|---|---|
| First Loan | Up to ₹10,000 | Working capital (1 year tenure) |
| Second Loan | Up to ₹20,000 | After timely repayment of first |
| Third Loan | Up to ₹50,000 | After timely repayment of second |
| Interest Subsidy | 7% per annum | Direct credit to bank account |
Note: Indicative figures from publicly available government sources. Subject to scheme revisions and lender's discretion.
Eligibility Criteria
- Street vendors operating in urban areas (cities, towns)
- Must have Certificate of Vending (CoV) / ID Card issued by Urban Local Body (ULB)
- Vendors identified in survey but not issued CoV/ID — also eligible
- Vendors who surrendered loans of microfinance institutions — also eligible (subject to verification)
- Indian citizen with valid documentation
- No specific minimum income criteria
Required Documents
- Aadhaar card (linked to mobile number)
- Certificate of Vending (CoV) or Vendor ID Card from ULB
- If CoV not available: Letter of Recommendation from ULB/Town Vending Committee
- Bank account details (PMSVANidhi loan goes directly to bank account)
- Mobile number for digital transactions
- Photograph
- PM SVANidhi application form (lender-provided)
Specific documentation requirements may vary by lender, region, and scheme version. Verify with implementing agency.
Application Process
- PM SVANidhi portal (pmsvanidhi.mohua.gov.in) pe visit karo ya nearest eligible lender ki branch me jao
- Aadhaar + CoV ke saath application form bharo
- Bank/MFI/NBFC application accept karke verification karte hain
- First loan ₹10,000 sanction hoti hai (typically within 30 days subject to verification)
- Repayment monthly EMI me, 1 year tenure
- Timely repayment ke baad next tier loan (₹20k → ₹50k) eligible hote ho
Key Benefits
- Collateral-free loan facility
- Interest subsidy: 7% per annum (DBT credited to account)
- Cashback for digital transactions: up to ₹1,200/year
- Progressive credit — successful repayment se higher loans unlock hote hain
- Includes vendors with disabilities, women vendors, weaker sections
- Tenure: 1 year per loan cycle
🚀 General Guidance Needed?
ProWiderKart facilitator se free advisory le sakte ho — general information aur eligibility direction ke liye.
💬 WhatsApp Free AdvisoryFrequently Asked Questions
PM SVANidhi ke under maximum kitna loan mil sakta hai?
Progressive structure hai — First loan ₹10,000, second ₹20,000, third ₹50,000. Each tier ke liye previous loan ki timely repayment required hai.
Kya rural area ke vendors eligible hain?
PM SVANidhi specifically urban street vendors ke liye hai. Rural areas ke liye other government schemes available hain (PMMY, etc.).
Interest subsidy kaise milti hai?
7% per annum interest subsidy DBT (Direct Benefit Transfer) ke through directly bank account me credit hoti hai. Quarterly basis pe.
Kya CoV nahi hai to bhi loan le sakte hain?
Haan. Survey me identified vendors but CoV/ID issued nahi hua — they can also apply with Letter of Recommendation from ULB.
Digital transaction cashback kya hota hai?
Vendor digital payment acceptance karne pe monthly cashback ₹50-100 milta hai (vendor incentive). Up to ₹1,200/year possible.
Application kahan se karein?
PM SVANidhi portal (pmsvanidhi.mohua.gov.in), authorized banks/MFIs/NBFCs branches, ya CSC (Common Service Centers) ke through.