AI SummaryPM SVANidhi Scheme gives collateral free working capital loans of ₹15,000, ₹25,000 and ₹50,000 to street vendors, along with an interest subsidy of 7 percent per year. Lending under the restructured scheme continues till 31 March 2030 and applications are open on the official portal.
Around 75 lakh vendors have taken more than 1.12 crore loans worth over ₹17,800 crore since June 2020. The extended phase adds UPI linked RuPay credit cards, higher loan limits, digital payment cashback and links with other welfare schemes. Government has kept a budget of ₹7,332 crore for this phase and expects close to 1.15 crore vendors to benefit, including about 50 lakh new borrowers.
Also read: PM Vishwakarma Yojana Online Application, Registration & Login @ pmvishwakarma.gov.in
Street vendors who sell goods or services on streets, footpaths, markets or public spaces can apply. Loans stay collateral free, and vendors who repay on time move to the next tranche and become eligible for the RuPay credit card.
PM SVANidhi Loan and RuPay Credit Card Online Application
Street vendors can apply online for a working capital loan or RuPay credit card on PM SVANidhi official portal. The whole process runs on pmsvanidhi.mohua.gov.in, and applicants can also take help from a Common Service Centre or a nearby bank branch.
STEP 1 - Open PM SVANidhi official website pmsvanidhi.mohua.gov.in and reach the homepage.
STEP 2 - On the homepage, pick the option "Apply LoR cum Loan" or choose "Apply for Loan" and then the tranche you need, such as ₹15,000, ₹25,000 or ₹50,000. Vendors who already repaid the second tranche can pick "Apply Credit Card" instead.
STEP 3 - Enter Aadhaar number and mobile number, then complete OTP verification to start the application. Make sure the mobile number is linked with Aadhaar.
STEP 4 - Fill personal details such as name, address, vending location, business type and bank account details.
STEP 5 - Upload required documents like Aadhaar card and vending certificate or Letter of Recommendation issued by Urban Local Body.
STEP 6 - Review all details carefully and submit the online application form.
STEP 7 - After submission, the application goes to banks or lending institutions for checking and loan approval.
Vendors from census towns can now apply, and those who shift to another vending location can use the ULB Transfer facility on the portal to update their details. Vendors looking for other credit linked schemes can also check Jan Samarth Portal.
PM SVANidhi Scheme Highlights
| Detail | Information |
|---|---|
| Scheme Name | PM SVANidhi Scheme (Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi) |
| Launched By | Ministry of Housing and Urban Affairs |
| Launch Year | June 2020 |
| Lending Period Extended Till | 31 March 2030 |
| Total Budget | ₹7,332 crore |
| Loans Given So Far | Over 1.15 crore loans worth ₹18,475 crore (till 12 July 2026) |
| Expected Beneficiaries | Around 1.15 crore street vendors |
| Loan Structure | Three tranches of ₹15,000, ₹25,000 and ₹50,000 |
| Credit Card Limit | Up to ₹30,000 RuPay credit card |
| Interest Subsidy | 7 percent per year |
| Official Website | pmsvanidhi.mohua.gov.in |
PM SVANidhi Loan Amount Structure
Loan money comes in three stages. Each next loan opens only after the earlier one is repaid on time.
- First loan: Vendors can get up to ₹15,000 as working capital loan, to be repaid within 12 months.
- Second loan: Vendors who repay the first loan on time can get up to ₹25,000, with a repayment period of 18 months.
- Third loan: Vendors with a good repayment record can get up to ₹50,000, with a repayment period of 36 months.
Total borrowing can reach ₹90,000 across the three tranches. All loans stay collateral free, and government gives 7 percent interest subsidy that is credited to the vendor's bank account every quarter.
PM SVANidhi Credit Card Facility
PM SVANidhi 2.0 adds a RuPay credit card for street vendors who have repaid the second tranche. The card gives flexible credit for business and daily needs, and works like a revolving credit line where the limit becomes usable again after repayment.
Main features of PM SVANidhi credit card are given below.
- Credit limit up to ₹30,000, starting from ₹10,000 and rising based on card use and repayment record.
- Interest free credit period of around 20 to 50 days, depending on the card issuer.
- Card stays valid for five years from the date of issue.
- Lifetime free card with no joining fee or annual charges.
- UPI linkage so vendors can pay through apps like BHIM, Paytm or PhonePe.
The card cannot be used for ATM cash withdrawal or international transactions, and spending on items like liquor or gambling is restricted.
Who Can Apply for PM SVANidhi Scheme
Street vendors working in urban areas, census towns and peri urban areas can apply. Eligibility mainly depends on vending activity and identification by local authorities.
- Street vendors selling goods or services in public places, streets, footpaths, markets or mobile vending spots.
- Vendors holding Certificate of Vending issued by Town Vending Committee or Urban Local Body.
- Vendors having an identity card or Letter of Recommendation issued by local authority.
- Street vendors working in statutory towns, census towns or peri urban areas.
For the credit card, a vendor must have repaid the second loan tranche and be eligible for the third tranche.
Documents Required for PM SVANidhi Application
Applicants need basic identity and business proof while applying for the scheme. Aadhaar card is the main document, and PAN card, voter ID, driving license or MGNREGA card can also be used for KYC. Vendors also need a Certificate of Vending or Letter of Recommendation from the Urban Local Body or Town Vending Committee.
Bank account details are required for loan payment and subsidy credit. An address proof is needed if the address differs from Aadhaar. These papers help authorities check vendor identity and approve the loan support.
Digital Payment Cashback Benefits
PM SVANidhi encourages vendors to accept digital payments. Vendors earn up to ₹100 cashback every month on digital transactions, which adds up to ₹1,200 in a year. An extra ₹400 yearly cashback is given for wholesale digital purchases, so total cashback can reach ₹1,600. This reward system pushes vendors to use UPI and build a formal financial record.
SVANidhi se Samriddhi Program
This program links street vendor families with eight selected central welfare schemes. Through this process, vendors get support such as insurance, pension and skill training. Government organises camps and Lok Kalyan Melas where vendors can apply for these schemes and get guidance from officials.
Contact Helpline
Helpline number: 1800 11 1979
Official website: pmsvanidhi.mohua.gov.in
FAQ's
Who can apply for PM SVANidhi Scheme?
Street vendors selling goods or services on streets, markets, footpaths and public areas in urban, census town or peri urban regions can apply if they have vending proof or a Letter of Recommendation from the local body.
What is the maximum loan available under PM SVANidhi?
Vendors can get up to ₹50,000 under the third tranche, which takes total borrowing to ₹90,000 across all three loans after successful repayment of the earlier stages.
What is the credit card limit under PM SVANidhi?
The RuPay credit card limit can reach up to ₹30,000. It starts from ₹10,000 and grows based on repayment record and card use.
Is interest subsidy available under this scheme?
Yes. Vendors get 7 percent interest subsidy per year, which is credited to their bank account every quarter.
What is the last date of PM SVANidhi Scheme?
Lending under the scheme continues till 31 March 2030. Vendors can apply on the official portal any time till then, as long as they meet the eligibility rules.