PM SVANidhi Scheme

Scheme Introduction: A Brief Overview

• In order to support the street vendors, the central government has introduced a scheme called "PM SVANidhi Scheme".
• Launched in the year 2020, the primary aim of the scheme is to support these vendors financially by offering them short term loans up to Rs 50,000/-.
• PM SVANidhi Scheme stands for PM Street Vendor's AtmaNirbhar Nidhi.
• The Ministry of Housing and Urban Affairs of the central government is the nodal agency of the scheme.
• The scheme was launched to provide necessary financial support to these small vendors whose businesses were affected or closed during the lockdown.
• Through this scheme, the government will empower street vendors across the Nation.
• It is a special micro credit facility for the welfare of Street Vendors.
• Schemes like Pradhan Mantri Mudra Yojana and PM Vishwakarma Yojana, which offer loan for small business.
• Under PM SVANidhi Scheme, Government of India will provide short term loans to the Street Vendors.
• Loan will be provided as a working capital loan so that they can invest the amount in their businesses.
• Initially a loan of Rs. 10,000/- will be given to the street vendors for a period of 1 year.
• If the street vendor returns the loan amount within one year, then their loan limit will be increased subsequently to Rs. 20,000 first and Rs. 50,000/.
• However, in the budget of 2025-26, the central government has introduced UPI Linked credit card with a limit of Rs 30,000/-.
• Around 68 lakh street vendors has been benefited from the scheme yet.
• The loan provided under the PM SVANidhi Scheme will be offered at an interest subsidy of 7%.
• To promote digital transaction among the vendors, a monthly cashback up to Rs 100/- will be provided to these vendors.
• PM SVANidhi Scheme loan is collateral free, which means beneficiaries are not required to submit security for it.
• Beneficiaries who are eligible for the PM SVANidhi Scheme can submit their application online from PM SVANidhi Scheme Portal.

Scheme Benefits

• Short Term Working Capital Loan up to :-
  • Rs. 10,000/-.
  • Rs. 20,000/-.
  • Rs. 50,000/-.
• No Collateral Required.
• Interest Subsidy of @ 7% on Timely or Early Repayment.
• UPI Linked Credit Card will be issued by the bank with a limit of Rs 30,000/-
• Monthly Cashback on Digital Transactions.

Eligibility Requirements

• Applicant must be a Street Vendor in urban areas.
• Applicants must be in a possession of following certificate : -
  • Certificate of Vending/ Identity Card issued by Urban Local Bodies (ULBs).
  • Letter of Recommendation from Town Vending Committee.
  • Vendors identified in the survey list but have not been issued Vending Certificate or Identity Card.
  • Street Vendor who have been issued Letter of Recommendation (LOR) by the ULB or Town Vending Committee (TVC).

Required Documents

• Survey Reference Number.
• Any One of the Street Vending Proof :-
  • Vendor Identity Card.
  • Certificate of Vending.
  • Letter of Recommendation from TVC.
• Aadhar Card.
• Aadhar Linked Mobile Number.
• Any one of the document for KYC :-
  • Aadhar Card.
  • Voter Identity Card.
  • Driving License.
  • MNREGA Card.
  • PAN Card.

Steps to Apply

• Applicant has to visit PM SVANidhi Portal to apply Online.
• Login by providing your mobile number.
• Portal will verify the mobile number by sending OTP.
• After Login, Choose one of the eligibility category :-
  • Vendor Identity Card.
  • Certificate of Vending.
  • Letter of Recommendation from TVC.
• Fill the Application Form of PM SVANidhi Scheme and Upload all the KYC Documents.
• Submit the Application Form.
• Now the lending financial institutions will contact the applicant.
• After verification of documents, the loan amount will be credited to the bank account of Street Vendor.

Key Features of the Scheme

• The vendor will be eligible for the second loan cycle only after the first loan is repaid.
• Interest subsidy will be directly credited into the borrower account.
• Monthly Cashback will be received by the vendor ranging from Rs. 50/- to Rs. 100/- as per following criteria :-

  Transactions (Per Month)	Monthly Cashback
  50	Rs. 50/-
  100	Rs. 75/-
  200	Rs. 100/-

• Loan will be approved within 30 days of application.
• Vendor can avail the benefit of PM SVANidhi Scheme from the following lending institutions :-
  • Schedule Commercial Banks.
  • Regional Rural Banks.
  • Small Finance Banks.
  • Cooperative Banks.
  • Non Banking Financial Companies.
  • Micro Finance Institutions.
  • Self Help Group Banks.
• Mobile Number linked with Aadhar Card and Aadhar Card is mandatory to apply.

Street Vendors Eligible Under PM SVANidhi Scheme

• The below mentioned Street Vendors are eligible to get short term loan under Pradhanmantri SVANidhi Scheme :-
  • Hawkers.
  • Rehriwala.
  • Thelewala.
  • Services like Barber Shops.
  • Theli Phadwala.
  • Pan Shops.
  • Cobblers.
  • Laundry Services.
  • Vegetable Sellers.
  • Person Working in Temporary Built up Structure etc.

Relevant Links

• PM SVANidhi Scheme Online Apply.
• PM SVANidhi Scheme Application Status.
• PM SVANidhi Scheme Mobile Number Change.
• PM SVANidhi Scheme Vendor Survey List.
• PM SVANidhi Scheme Portal.
• PM SVANidhi Scheme Guidelines.
• PM SVANidhi Scheme FAQs.
• PM SVANidhi Scheme Mobile App.

Contact Information

• PM SVANidhi Scheme Helpline Number :- 1800111979.
• PM SVANidhi Scheme Grievance Helpline Number :- 011 23062850.
• PM SVANidhi Scheme State Wise Helpline Number.
• PM SVANidhi Scheme Helpdesk Email :-
  • portal.pmsvanidhi@sidbi.in.
  • pmsvanidhi.support@sidbi.in.
• Ministry of Housing and Urban Affairs, Government of India,
  Nirman Bhawan, Maulana Azad Road,
  New Delhi - 110011.