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ActiveCentral Sector SchemeLaunched 2020-06-01Verified: 2026-09-16

PM Street Vendor AtmaNirbhar Nidhi (PM SVANidhi)

Micro-credit working capital loan facility providing collateral-free loans up to ₹50,000 with 7% interest subsidy and cashback for urban street vendors.

Government Levelcentral Government
Administering BodyMinistry of Housing and Urban Affairs
Beneficiary Sector
Housing & Urban DevelopmentBusiness & Entrepreneurship
Applicable Jurisdiction
All India

₹Benefits & Entitlement Breakdown

Working capital micro-loans disbursed in three progressive tranches: 1st Tranche: Up to ₹10,000 (tenure 1 year); 2nd Tranche: Up to ₹20,000 (upon timely repayment of 1st loan); 3rd Tranche: Up to ₹50,000 (upon timely repayment of 2nd loan). No collateral required. Interest subsidy of 7% per annum credited quarterly via DBT on timely repayment. Monthly digital cashback incentive of up to ₹100 (₹1,200/year) for digital UPI sales transactions. No prepayment penalty.

📊Budget Allocation & Beneficiary Reach

Fiscal Budget Allocation

Credit guarantee covered under CGTMSE trust

Official Budget Document ↗
Verified Beneficiary Reach

65+ Lakh street vendors disbursed over 90+ Lakh loans

As of: 2024-03-31PIB / Official Citation ↗

Verified Eligibility Criteria

Age Requirement:Minimum 18 years
Annual Family Income Ceiling:No gross income ceiling specified
Target Occupations:street_vendor, hawker, thelewala, informal_worker
Eligible Gender:all
Social Category / Reservation:all
Specific Operational Conditions & Exclusions:

Street vendors/hawkers engaged in vending in urban areas on or before March 24, 2020 (and subsequently updated). Must possess Certificate of Vending (CoV) / Identity Card issued by Urban Local Body (ULB) or Letter of Recommendation (LoR) from Town Vending Committee (TVC).

Required Documents Checklist

  • ✓
    Aadhaar Card linked with active mobile numberMandatory

    Mandatory applicant KYC identification.

  • ✓
    Certificate of Vending (CoV) / Identity Card / Letter of Recommendation (LoR)Mandatory

    Issued by Urban Local Body / Town Vending Committee.

  • ✓
    Bank Account Passbook / StatementMandatory

    For loan disbursement and interest subvention DBT.

  • ✓
    UPI QR Code Handle DetailsOptional / Supporting

    Required to receive monthly digital cashback incentives.

How to Apply

1. Visit the PM SVANidhi portal (https://pmsvanidhi.mohua.gov.in) or use the PM SVANidhi mobile app. 2. Enter mobile number linked with Aadhaar and enter OTP. 3. Select your Vendor Category (Certificate of Vending holder or requiring Letter of Recommendation). 4. Enter Aadhaar number for biometric/OTP e-KYC. 5. Select loan amount and preferred lending institution (Public/Private Bank, RRB, MFI, SHG). 6. Submit application; ULB/Town Vending Committee validates vendor credentials and the lending institution disburses the loan directly into the vendor bank account within 10–14 days.

Official Government Application Portal

You will be redirected to the secure official portal: pmsvanidhi.mohua.gov.in

Apply on official government website

Frequently Asked Questions (Officially Sourced)

Verified answers sourced directly from official circulars, gazettes, and portal FAQs. Never AI-invented.

What is the interest subsidy provided under PM SVANidhi?

Borrowers who repay their loan EMIs on time receive an interest subsidy of 7% per annum, credited directly into their bank account on a quarterly basis.

Source: Official Scheme FAQ ↗

How does a vendor without an ID card apply?

A vendor not possessing a Certificate of Vending can apply for a Letter of Recommendation (LoR) from the Urban Local Body (ULB) / Town Vending Committee directly on the PM SVANidhi portal.

Source: Official Scheme FAQ ↗

How much cashback is available for digital transactions?

Vendors receive cashback between ₹50 and ₹100 per month for conducting eligible digital receipts (UPI transactions) with customers.

Source: Official Scheme FAQ ↗

Common Rejection Reasons & Warnings

Applicant not vending in urban area; adverse credit record or default on previous institutional loans; fake or expired Letter of Recommendation.

Editorial Verification & Change Log

DateFieldDescription / UpdateSource Citation
2026-09-16initial_verificationBaseline verification of PM SVANidhi guidelines, 3-tranche ladder up to ₹50,000, and 7% interest subsidy.Official Source ↗

Application Window & Deadlines

Open throughout the year (Extended lending facility)

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Official Helpline & Nodal Offices

PM SVANidhi Mission Directorate, Ministry of Housing and Urban Affairs

Nirman Bhawan, Maulana Azad Road, New Delhi - 110011

Helpline: 1800-11-1979 (PM SVANidhi Toll-Free National Helpdesk)

Jurisdiction: National (Urban Local Bodies)

Notice a Discrepancy?

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Verification Metadata

Last verified by Eligo researchers on 2026-09-16 against official government documentation.

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