The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) is a flagship Central Sector Scheme launched by the Ministry of Housing and Urban Affairs (MoHUA) on June 1, 2020, to empower street vendors with affordable credit, digital empowerment, and enhanced livelihood opportunities. The scheme offers collateral-free working capital loans starting from ₹10,000, with options for subsequent loans of ₹20,000 and ₹50,000, alongside 7% interest subsidy and digital cashback incentives.
Key Highlights of PM SVANidhi Loan for Street Vendors
• Scheme Name: PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
• Launched On: June 1, 2020
• Implementing Ministry: Ministry of Housing & Urban Affairs (MoHUA)
• Loan Amounts: ₹10,000 → ₹20,000 → ₹50,000 (in sequence)
• Interest Subsidy: 7% per annum
• Cashback Incentive: Up to ₹100/month for digital transactions
• Collateral: Not Required
• Processing Fee: Nil
• Loan Repayment Tenure: 1 Year (initial loan)
Benefits of the SVANidhi Scheme
• Working capital loan of up to ₹10,000 in the first instance
• Eligible for higher loans of ₹20,000 and ₹50,000 upon timely repayment
• 7% interest subsidy credited quarterly to the borrower’s account
• No collateral or guarantor needed
• Cashback rewards up to ₹100/month on digital transactions
• Promotes digital inclusion through UPI, QR codes, and mobile payments
• Strengthens livelihood and economic recovery for vendors hit by COVID-19
• Available in all states and UTs of India
• Zero processing charges, making it easy and cost-effective
Eligibility Criteria
The following categories of street vendors are eligible under PM SVANidhi;
• Category A & B: Vendors with Certificate of Vending (CoV) or Identity Card issued by Urban Local Bodies (ULBs)
• Category C: Vendors identified in the survey but without CoV/ID Card
• Category D: Vendors left out of the survey/started vending after the survey but have a Letter of Recommendation (LoR) from the ULB/ Town Vending Committee
• Vendors from peri-urban/rural areas vending in ULB limits with valid LoR
How to Apply – Online Mode
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Visit the PM SVANidhi Portal
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Click on “Log In” and enter your mobile number & captcha
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Verify via OTP
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Choose vendor category and enter Survey Reference Number (SRN) (if applicable)
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Fill out the application form, upload documents, and submit online
Offline Application Process
• Collect application form from Urban Local Bodies (ULBs)
• Fill it manually and submit with the required documents
• ULB officials will process and guide the applicant
NOTE: Interested and eligible applicants can also apply for PM Street Vendor’s AtmaNirbhar Nidhi through the Umang App. All you have to do is download the Mobile App from the Google Play Store. Register with Aadhaar-linked Mobile Number and fill the online application. Once your application is approved by the authority, you can get up to ₹50,000 Working Capital Loan.
📞 Helpline Number: 1800-11-1979 (Mon–Sat, 9:30 AM–6:00 PM)
Necessary Documents for Application
For 1st Loan (₹10,000)
For Category A & B Vendors:
• Certificate of Vending / Identity Card
For Category C & D Vendors:
• Letter of Recommendation (LoR) issued by ULB/TVC
KYC Documents (Required for All):
• Aadhaar Card
• Voter ID
• PAN Card
• Driving License
• MNREGA Card
For LoR Request:
• Passbook copy / Bank statement
• Membership card (if applicable)
• Request letter to ULB
For 2nd and 3rd Loan (₹20,000 / ₹50,000)
• Loan closure document of the previous sanctioned loan
• Updated KYC or LoR, if applicable
Frequently Asked Questions (FAQs)
Q: What is the PM SVANidhi Scheme?
It is a micro-credit scheme for street vendors to access working capital loans and digital benefits.
Q: Who can apply for PM SVANidhi?
Street vendors with CoV, ID Card, or LoR issued by ULB/TVC are eligible.
Q: Is there any age limit to apply?
Applicants must be 18 years or older.
Q: What is the maximum loan amount under PM SVANidhi?
Vendors can avail loans in phases — ₹10,000, ₹20,000, and ₹50,000.
Q: What is the interest rate under this scheme?
Loan interest rate is subsidized up to 7% per annum.
Q: Is there any processing fee?
No, there is zero processing fee for PM SVANidhi loans.
Q: Can one apply multiple times?
Yes, after successful repayment of the 1st and 2nd loans, higher loan slabs can be availed.
Q: Can I apply if I already have another government loan?
Yes, but subject to repayment track record and eligibility under SVANidhi.
Q: Is collateral needed?
No, the loans are collateral-free.
Q: Can I use the loan for any business expense?
Yes, the loan can be used for buying goods, equipment, rent, or business improvement.
Q: How do I repay the loan?
The loan can be repaid via monthly EMIs using digital or offline methods.
References & Important Links
• PM SVANidhi Official Portal
• Scheme Guidelines – MoHUA
• Track Application Status
• UMANG App – Apply on Mobile
• Offline Application Form – Download
