PM Svanidhi Yojana Online Application Form 2023 | प्रधानमंत्री स्वनिधि योजना | PM Street Vendor’s Atmanirbhar Nidhi Loan Scheme | PM Svanidhi List of Beneficiaries | pmsvanidhi.mohua.gov.in Apply Online Process.
PM SVANidhi Yojana or Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) Scheme 2023 is a new scheme launched earlier on 1 June 2020 by Central government to provide short term loans of upto Rs. 10,000 to street vendors (rehdi / patri valas / phereewala). PM Svanidhi yojana online applications are being invited through the official website of the scheme at pmsvanidhi.mohua.gov.in.
PM Svanidhi Yojana applications can also be made offline at banks or Common Service Centers to avail a loan of up to Rs. 10,000. Eligible street vendors can also check their name in the PM Svanidhi Yojana list of beneficiaries through street vendor survey search facility at the official portal.
PM SVANidhi Yojana Online Application Form 2023
In order to provide initial working capital loan of upto Rs. 10,000, govt. has started PM Street Vendor Atmanirbhar Nidhi (PM SVANidhi) Scheme 2023. The apply online process for street vendor self reliant scheme had been specified earlier on 29 June 2020. Below is the complete process to apply by filling PM SVANidhi online application / registration form.
STEP 1: Visit official website – Firstly visit the official website at http://pmsvanidhi.mohua.gov.in/
STEP 2: Apply for loan online – At the homepage, click at the “Apply for Loan” tab or “Login as applicant” as shown in the figure below or directly click https://pmsvanidhi.mohua.gov.in/Login
STEP 3: Login using mobile number – In the new login window, street vendors can apply online for PM SVANidhi loan by logging in using mobile number. Enter the mobile no. and click at the “Request OTP” button to get one time password on that mobile phone. Afterwards, enter received OTP and click at “Verify OTP” button.
STEP 4: Check Vendor Category – Here applicants can check vendor category from the following 4 options.
1. First are those street vendors in possession of Certificate of Vending (CoV) / Identity Card issued by Urban Local Bodies (ULBs).
2. Second are those street vendors who have been identified in the survey but have not been issued Certificate of Vending / Identity Card.
3. Third are those street vendors left out of the ULB led identification survey or who have started vending after completion of the survey and have been issued Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC).
4. Fourth are those street vendors of surrounding development/ peri-urban / rural areas vending in the geographical limits of the ULBs and have been issued Letter of Recommendation (LoR) to that effect by the ULB / TVC.
STEP 5: Select appropriate vendor category to proceed further – Applicant Street Vendors can choose any of the above given categories to proceed further to fill PM Svanidhi Scheme online application form. The selection of categories would result in Vendor’s details as per chosen vendors categories as shown below.
STEP 6: Registration using Aadhar number – Afterwards, street vendors can make registration using Aadhar verification as shown below. Upon entering aadhaar number and clicking at “Verify” button, you will get an OTP on mobile number which is registered in Aadhar card.
STEP 7: Fill online application form – Accordingly on verification of Aadhar OTP, the PM Svanidhi online application form will appear.
In this opened application form, street vendors can fill in all the details to complete the PM Svanidhi apply online process.
PM SVANidhi Yojana Online Application Process
The detailed procedure of how to apply online for PM Svanidhi Yojana is also available in PDF format at this link.
Extension of PM Svanidhi Yojna till Dec 2024
Central govt. on 27 April 2022 approved the continuation of flagship scheme to provide subsidized collateral free loans to street vendors under PM Street Vendor’s Atmanirbhar Nidhi (PM Svanidhi) scheme till December 2024. The scheme launched after the surge of COVID-19 aims to provide quick loans to street vendors to restart their business. The scheme was originally planned till March 2022.
Through the scheme, affordable collateral-free loans are being facilitated to the street vendors. The scheme had envisaged to facilitate loans amount of Rs. 5,000 crore. Today’s approval has increased the amount to Rs. 8,100 crore. The budget for promotion of digital payments, including cashback to vendors, has also been enhanced. It is likely to benefit 1.2 crore people, the government said.
Apply for SVANidhi Yojana Letter of Recommendation
The street vendors who do not have any identity card or certificate to prove their status as vendors can now apply online for the “Letter of Recommendation” which will help them avail a loan under the PM SVANidhi Yojana.
How to Apply for LoR:
- In Order to apply online for the letter of recommendation, interested candidates can visit this link. And, enter theri mobile number which is attached to Aadhar Number, and enter and verify the OTP on the next screen.
- On the next page, enter your Aadhar number and again verify the OTP and verify it.
- After verifying the Aadhar number, you will see the loan application form, fill all the required details and select “Yes” in the Request for Local enquiry report by the TVC/ULB (Request letter to the ULB) dropdown under the “Documents” section and click “Submit” button.
You can also apply offline for Letter of Recommendation with the Urban Local Body through a simple application on white paper to conduct local inquiry to ascertain the genuineness of the claim as vendor. ULBs will have to dispose of the request for issue of LoR within a period of 15 days.
After the vendors gets the LoR, they will be issued certificate of vending or identity card within a period of 30 days.
PM Svanidhi Loan Application Form PDF
To download PM Svanidhi Yojana Loan Application Form in PDF format, visit the same official PM SVANIDHI Scheme Portal at http://pmsvanidhi.mohua.gov.in/. At this page, go to “Planning to Apply for Loan” section, follow 3 steps before applying online. These 3 steps are Understand the Loan Application requirements, make sure your mobile no is linked to your Aadhaar, check your eligibility status as per scheme Rules and then click at “View More” button.
At the new page, click at the “View / Download Form” link and the PM Svanidhi Common Loan Application Form will appear as shown below:
PM Svanidhi Application Form PDF: Download Now
Fill all the asked details accurately and submit it will along with the necessary documents to the concerned officials / bank branch. The PM Svanidhi Portal has started accepting online loan application from 2 July 2020 onward.
PM SVANidhi – Eligible Street Vendors List
Vegetables, fruits, ready-to-eat street food, tea, pakodas, breads, eggs, textile, artisan products, books/ stationery sellers are among others who are considered eligible under the PM SVANidhi Yojana.
Barbershops, cobblers, pan shops, laundry services are also included in the street vendors category and can avail loan of Rs. 10,000/- under this scheme.
Check your Survey Status / Street Vendor Survey Search
People can now check their survey status whether they have been covered in the survey carried out by Urban Local Bodies(ULB) / Municipalities or not and can save your Survey Reference Number(SRN) for future Reference. Here is the direct link to check Street Vendor Survey Search – https://pmsvanidhi.mohua.gov.in/Schemes/SearchVendor
The page for PM Svanidhi Street Vendor Survey Search will appear as shown below:-
Here applicants will have to enter state, ULB name, name of street vendor, father / spouse name, mobile number, certificate of vending no. and then click at the “Search” button to check Survey Status.
Beneficiaries List of PM SVANidhi Scheme
As per the initial data collected from state governments, around 50 lakh street vendors would be benefited from PM Street Vendor Atmanirbhar (PM SVANidhi) Scheme. The central govt. will extend a credit flow of Rs. 5,000 crore to this sector. Moreover, those street vendors who makes use of digital payments and timely repayments would be incentivized through monetary rewards.
It is important to mention that only a fraction of those 50 lakh phereevaala may have credit history with commercial banks as banks didn’t had a product designed for this sector. The major objective is to make street vendors self reliant and not fall in debt trap of lenders for such small amount.
Lenders List for PM SVANidhi Yojana
Here is the direct link to check lenders link for PM SVANidhi Yojana 2023:-
Upon clicking this link, the complete list of lenders will appear on your screen as shown below:-
You can then find the appropriate lender for you which is located near you and can avail loan benefits easily.
PM SVANidhi Yojana Guidelines
The detailed guidelines of PM SVANidhi Scheme can be download in PDF format in English and Hindi using the below links.
Street Vendors Scheme – State Wise Guidelines
|Sr. No.||State / UT||SVANidhi Scheme|
|1||Andaman & Nicobar Islands||View | Download|
|2||Andhra Pradesh||View | Download|
|3||Arunachal Pradesh||View | Download|
|4||Assam||View | Download|
|5||Bihar||View | Download|
|6||Chandigarh||View | Download|
|7||Chhattisgarh||View | Download|
|8||Dadra & Nagar Haveli||View | Download|
|9||Daman & Diu||View | Download|
|10||Delhi||View | Download|
|11||Goa||View | Download|
|12||Gujarat||View | Download|
|13||Haryana||View | Download|
|14||Himachal Pradesh||View | Download|
|15||Jharkhand||View | Download|
|16||Karnataka||View | Download|
|17||Kerala||View | Download|
|18||Madhya Pradesh||View | Download|
|19||Maharashtra||View | Download|
|20||Manipur||View | Download|
|21||Meghalaya||View | Download|
|22||Mizoram||View | Download|
|23||Nagaland||View | Download|
|24||Odisha||View | Download|
|25||Puducherry||View | Download|
|26||Punjab||View | Download|
|27||Rajasthan||View | Download|
|28||Tamil Nadu||View | Download|
|29||Telangana||View | Download|
|30||Tripura||View | Download|
|31||Uttar Pradesh||View | Download|
|32||Uttarakhand||View | Download|
|33||West Bengal||View | Download|
PM Svanidhi Scheme Dashboard Online
PM Svanidhi online dashboard is dynamic, interactive and would provide a one stop solution to all stakeholders looking for information and tracking monitoring of progress of PM SVANidhi up to city level. The direct link to check PMS Dashboard is given here – https://pmsvanidhi.mohua.gov.in/Home/PMSDashboard
What is PM Svanidhi Yojana 2023
The main objective of PM Svanidhi Yojana is to ensure that daily wage earners like vegetable seller, fruits seller earns their livelihood. These short term assistance of Rs. 10,000 will enable small street vendors to restart their work which is badly hit due to Coronavirus (COVID-19) lock-down. This scheme was earlier announced by FM Nirmala Sitharaman in the Rs. 20 lakh crore Atmanirbhar Bharat Abhiyan Package.
Online Dashboard for PM Svanidhi Scheme has been launched. Earlier , Letter of Recommendation module was launched for the street vendors who don’t have identity cards or certificate of vending. The PM Street Vendor Atmanirbhar Nidhi or PM SVANidhi Scheme will provide initial working capital required to purchase items for selling. Now check the PMSVA scheme guidelines, implementation, reviews by experts and complete details here.
The new PM Street Vendor’s Atmanirbhar Nidhi Scheme targets to benefit over 50 lakh Street Vendors who had been vending on or before 24 March, 2020 in urban areas including those from surrounding peri-urban/ rural areas. Under the PM Svanidhi Scheme, the vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly installments in the tenure of 1 year.
On timely or early repayment of the loan, an interest subsidy at the rate of 7% per annum will be credited to the bank accounts of beneficiaries. This interest subsidy on loans under PM SVANidhi Scheme would be credited through Direct Benefit Transfer (DBT) mode on a quarterly basis. There will be no penalty on early repayment of loan.
The PM Svanidhi Scheme promotes digital transactions through cash back incentives up to an amount of Rs. 100 per month. Moreover, the vendors can achieve their ambition of going up on the economic ladder by availing the facility of enhancement of the credit limit on timely or early repayment of loan.
PM Svanidhi Yojana Latest Update
The Centre is looking to expand its flagship credit scheme for street vendors PM Street Vendors Atmanirbhar Nidhi (PM SVANidhi), and come up with its second version in a move to push credit during the festive season amid ongoing economic recovery. The government is looking to increase the limit of working capital loan up to Rs 25,000 under the PM SVANidhi scheme from Rs 10,000 currently, an official said.
The Centre is also looking to raise the maximum guarantee it provides on loans to 25 per cent on such loans, the official said. Currently, the government provides maximum guarantee coverage of 15 per cent of the year portfolio. Although this would increase the budgetary allocation under the scheme, the impact would not be significant, the official said.
Svanidhi Se Samriddhi Scheme Launched by MoHUA
Housing and Urban Affairs Ministry launched ‘SVANidhi se Samriddhi’ program in additional 126 cities across 14 States and Union Territories on 12th April 2022. With the expansion of scheme, 28 lakh street vendors and their families will be benefited. The Ministry said, SVANidhi se Samriddhi, an additional program of PM-SVANidhi was launched in January 2022 in 125 cities in Phase one, covering approximately 35 lakh street vendors and their families.
Considering the success of Phase one, the Housing and Urban Affairs Ministry has launched the program in additional cities with a total target of 20 lakh scheme sanctions for this fiscal year. The Ministry has been implementing Prime Minister Street Vendors AtmaNirbhar Nidhi scheme since June 2020.
Progress of PM Svanidhi Yojana
Vendors, availing loans under the scheme, are eligible to get an interest subsidy of 7 per cent. All street vendors engaged in vending as on or before March 24, 2020, can avail working capital loan up to Rs 10,000 with tenure of 1 year that needs to be repaid in monthly instalments. On timely or early repayment, the vendors are eligible for the next cycle of working capital loan with an enhanced limit.
About 28.66 million first term loans have been sanctioned by banks, out of which loans to 25.78 million borrowers have been disbursed. About 2,07,781 first term loans have already been repaid. For the second term loan, 32,630 total applications have been received, out of which 20,011 loans have been sanctioned and loans to 13,422 borrowers have been disbursed.
The discussions regarding the changes have taken place, and would help such borrowers avail more credit as most of these vendors are due for the second term loan. “This would help in providing credit to such vendors during the festive season,” the official quoted above said. The higher amount would make the scheme attractive for vendors, and at the same time bring them under the formal credit channel, he added. The proposed expansion of the scheme would soon be place before the Cabinet for approval by the Cabinet Secretariat, the official said.
PM Svanidhi Yojana App Download at Google Play Store
PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) App had been launched by Ministry of Housing and Urban Affairs of Central Government on 17 July 2020. People can now download & install PM Svanidhi Mobile App on their smartphones from google play store through the direct link. This new PM SVANidhi mobile application aims to provide a user-friendly digital interface for lending institutions (LIs) and their field functionaries. The new app is developed for sourcing and processing loan applications of street vendors. All the applicant street vendors can now apply online for loans, perform vendor search, do e-kyc under PM Street Vendors Aatmanirbhar Nidhi Scheme through this app or through the previously launched pmsvanidhi.mohua.gov.in
PM SVANidhi App by MoHUA is a step towards boosting the use of digital technology. This PM Svanidhi app will facilitate field functionaries of LIs like Banking Correspondents (BCs) and Agents of Non-Banking Financial Companies (NBFCs) / Micro-Finance Institutions (MFIs), who have proximity with the street vendors, to ensure maximum coverage of the Pradhan Mantri Street Vendor Atmanirbhar Scheme.
The launch of PM Svanidhi app will provide boost to the implementation strategy of the scheme besides promoting paper-less digital accessing of micro-credit facilities by the Street Vendors.
The Ministry of Housing & Urban Affairs has already launched the http://pmsvanidhi.mohua.gov.in/ website on 29 June 2020. Now the MoHUA has launched PM Svanidhi mobile app which has all similar features as compared to the PM SVANidhi web portal. The direct link to download PM Svanidhi Mobile App from Google Play Store is given here – https://play.google.com/store/apps/details?id=com.mohua.pmsvanidhi&hl=en_IN&gl=US. The official PM Svanidhi App download from google play store for android users will appear as shown below:-
PM SVANidhi – Official Mobile Application provides end-to-end solution to facilitate Lending Institutions – Banks/ NBFCs/ MFIs etc. to process loan applications of beneficiaries through their field agents. The new official PM Sva Nidhi App is 4.4 MB in size, with current version of 1.0.9 and requires android version of 4.4 and up for installation.
MoHUA had, on June 01, 2020, launched ‘PM Street Vendor’s AtmaNirbhar Nidhi (PM-SVANidhi)’, to facilitate collateral free Working Capital loan up to ₹10,000, of 1 year tenure, to approximately 50 lakh Street Vendors, to resume their businesses. Incentives in form of interest subsidy (@7% per annum) and cash-back (up to ₹100 per month) are being provided to promote good repayment behavior and digital transactions.
Scheme entails enhanced next tranche of loan on early or timely repayment. Besides banks, for the first time NBFCs and MFIs have been included as Lending Institutions (LIs) for maximizing Scheme’s reach. A Graded Guarantee Cover is being provided through CGTMSE to these LIs, on portfolio basis, to encourage lending. The duration of the scheme is till March 2022.
Features of PM SVANidhi App
The PM SvaNidhi App has the features which are described below:-
- Vendor search in the survey data
- E-KYC of applicants
- Processing of Loan applications
- Real-time monitoring
Who Should download PM SVANidhi App
The PM SVANidhi app can be downloaded from the Google Play store for use by the LIs and their field functionaries. After the start of lending process under PM SVANidhi scheme on 2 July 2020, more than 1.54 lakh street vendors have applied for working capital loan across States/ UTs. Out of these loan applications received from street vendors, more than 48,000 have already been sanctioned loans under PM Street Vendor’s Atmanirbhar Nidhi Scheme.
PM SVANidhi was launched by the Ministry of Housing and Urban Affairs (MoHUA) on 1 June 2020. This scheme aims to provide affordable working capital loan to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdown.
More details of Scheme may be accessed at https://pmsvanidhi.mohua.gov.in/Home/Schemes
PM SVANidhi Yojana – FAQ’s
Here are the most frequently asked questions (FAQ’s) about PM Svanidhi Yojana.
✔️ What is PM SVANidhi Yojana
PM SVANidhi Yojana is a short term loan or micro finance scheme for street vendors across the country under which they can avail a loan of up to Rs. 10,000/-
✔️ Who are Street Vendors / Hawkers
Any person who works in vending of articles, goods, wares, food items or merchandise of daily use or offering services to the general public in the street, footpath, pavement etc. from either a temporary built-up structure or by moving from one place to another.
✔️ How to Apply for PM SVANidhi Yojana Loan
Street vendors can apply online at pmsvanidhi.mohua.gov.in portal for the loan.
✔️ What is the Interest Subsidy under Svanidhi Yojana
Interest subsidy of 7% would be provided on timely / early repayment of the loan.
✔️ Who are beneficiaries of PM SVANidhi Yojana
Over 50 lakh street vendors who had been vending on or before 24 March 2020 in urban areas across the country would be the beneficiaries of the scheme.
✔️ What is the tenure of the loan under PM SVANidhi Yojana
The loan will be provided for 1 year
✔️ Which bank will provide the loan
Major Scheduled Commercial Banks, Regional Rural Banks, Small Finance Banks, Cooperative Banks, Non-Banking Financial Companies (NBFCs), Micro Finance institutions and Self Help Group banks.
✔️ How to Apply without Identity Card / Certificate of Vending
The government has started “Letter of Recommendation” module for such street vendors, apply for LoR online or at the Urban Local Body.
✔️ How to Check Name in the Beneficiary List
You can check the survey list at official website pmsvanidhi.mohua.gov.in
✔️ What are the documents required for SVANidhi loan application
Any one of the Aadhaar Card, PAN Card, Driving License, MGNREGA card, Voter ID Card for KYC purpose and any one of the Certificate of Vending / Identity Card or Letter of recommendation from urban local body or any other govt. issued document which verifies you as a street vendor.
✔️ What is the security required for the loan
No security is required to avail the loan under SVANidhi yojana
✔️ Is there any incentive for timely / early repayment of loan
Yes, on timely / early repayment of loan, a vendor becomes eligible to avail a higher tranche of loan in next cycle.
✔️ Is there any penalty for repayment of loan
✔️ Will I get Identity Card for use
Yes, you will be issued Provisional Identity Card on approval of loan and permanent CoV/ID will be issued within 30 days.
✔️ How long it will take to get the loan approved
The complete process should take less than 30 days.
Check complete FAQ’s –
PM SVANidhi Yojana – Contact Details
In case of any query regarding the scheme / procedure, you can contact at the respective state’s nodal officer at the landline / mobile number or email ID given at this page
In case of any grievance, you may contact the following officer in the Ministry:
Director (NULM), Room no.334-C, Ministry of Housing & Urban Affairs, Nirman Bhawan, Maulana Azad Road, New Delhi – 110011. The concerned official e-Mail ID is [email protected], Tel: 011-23062850.