PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
By Ministry of Housing and Urban Affairs
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Quick Answer
A central scheme by the Ministry of Housing and Urban Affairs providing collateral-free working capital loans, interest subsidy, and digital transaction incentives to street vendors across India.
- Funding amount
- ₹15,000 – ₹50,000
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Open to startups registered in India
About this loan
The scheme "PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)" by the Ministry of Housing and Urban Affairs, Government of India, aims to formalize street vendors and enhance their economic opportunities. Launched on June 1, 2020, as a central sector scheme, it provides collateral-free working capital loans, interest subsidy, and digital transaction incentives to street vendors. This support is designed to help vendors, including hawkers, thelewala, and rehriwala, restart and expand their small-scale vending businesses. The program also actively promotes digital payments to foster greater financial inclusion within this vital segment of the urban informal economy.
Street vendors play a significant role in ensuring the availability of goods and services at affordable rates at the doorstep of city dwellers. They are known by various names across different regions and contexts, supplying goods such as vegetables, fruits, ready-to-eat street food, tea, bread, eggs, textiles, apparel, footwear, artisan products, and books/stationary. They also provide services like barber shops, cobbler services, and laundry. PM SVANidhi seeks to formalize these vendors, open up new opportunities, and facilitate their movement up the economic ladder, thereby strengthening their contribution to the urban economy.
Eligibility
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Grant providers
Benefits & Funding
- Amount
- ₹15,000 – ₹50,000
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
- Collateral-free Working Capital Loans: Loans are available in three tranches: up to ₹15,000 for the first tranche (repayable within 12 months), up to ₹25,000 for the second tranche (repayable within 18 months), and up to ₹50,000 for the third tranche (repayable within 36 months). Access to subsequent tranches is granted upon timely or early repayment, with no prepayment penalty.
- Interest Subsidy: Beneficiaries receive an interest subsidy of 7% per annum on the loan amount. This subsidy is credited quarterly to the beneficiary’s bank account and is applicable only for standard (non-NPA) accounts, valid until March 31, 2033.
- Digital Transaction Cashback: The scheme incentivizes digital transactions by offering a cashback of up to ₹100 per month for eligible digital payments.
- Credit Guarantee Support: Loans are backed by a credit guarantee cover for lending institutions, providing 31.87% cover for the 1st tranche, 8.25% for the 2nd, and 6% for the 3rd tranche, with no charges levied on the institutions.
- UPI Linked RuPay Credit Card: Eligible vendors can receive a UPI Linked RuPay Credit Card with an initial credit limit of ₹10,000, extendable up to ₹30,000, valid for 5 years. This benefit is available after successful repayment of the second loan tranche.
- Disbursement
- Tranched
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications submitted either online or offline are reviewed by the respective Urban Local Bodies (ULBs) and designated lending institutions. The assessment primarily focuses on verifying the applicant's eligibility as a street vendor, confirming their identity, and validating their vending activity status through official documents like a Certificate of Vending or a Letter of Recommendation. For subsequent loan tranches, a record of timely repayment from previous loans is a key criterion. Final approval and loan disbursement are contingent upon the lending institution's due diligence and full compliance with the scheme's comprehensive guidelines.
Application Process
- 1
Log In
Log in to the PM SVANidhi portal using your mobile number and an OTP.
You - 2
- 3
- 4
- 5
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is PM SVANidhi Scheme?
The PM SVANidhi Scheme is a Central Sector Scheme designed to facilitate street vendors' access to affordable working capital loans to help them restart and expand their businesses.
Who is eligible for the Scheme?
Street vendors who possess a Certificate of Vending/Identity Card issued by Urban Local Bodies (ULBs) or have been identified in surveys, or have received a Letter of Recommendation (LoR) from ULBs/TVCs, are eligible.
What is the maximum loan amount under this scheme?
The scheme provides working capital loans in three tranches: up to ₹15,000 in the first tranche, up to ₹25,000 in the second, and up to ₹50,000 in the third, upon timely repayment of previous tranches.
What is the interest subsidy available?
An interest subsidy of 7% per annum is provided on the loan amount for timely/early repayments, credited quarterly to the beneficiary's bank account.
What are the benefits of digital transactions under the Scheme?
Vendors are eligible for a monthly cashback of up to ₹100 for engaging in digital transactions, promoting financial inclusion and digital payment adoption.
News
- Lok Kalyan Mela held in Chumoukedima to promote PM SVANIDHI and welfare schemesnagalandtribune.in · 4 weeks ago
- PM SVANidhi Lok Kalyan Mela held at Chiephobozounagalandtribune.in · last month
- PM SVANidhi loans cross Rs 6,294 crore in 12 months - India Tribuneindiatribune.com · last month
- PM SVANidhi fortnight begins today: Target of 20 lakh new applications, 2 lakh pending cases to be cleared ...bhaskarenglish.in · 2 months ago
- 76.95 lakh street vendors avail ₹18,475 crore collateral-free loans under PM SVANidhicnbctv18.com · 2 months ago
- Over 1.96 lakh Delhi street vendors benefit under PM SVANidhithepatriot.in · 2 months ago
Source: Google News aggregated
