PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) continues to support street vendors across India with collateral-free working capital loans. The scheme has disbursed over ₹18,856 crore to more than 1.4 crore beneficiaries as of July 2026. Recent updates have increased loan limits and introduced a new UPI-linked credit card facility for eligible vendors.
Launched in June 2020 by the Ministry of Housing and Urban Affairs, this central sector scheme helps street vendors restart and grow their businesses. The government has extended the lending period to March 2025 and expanded coverage to include vendors from census towns. Whether you sell vegetables, run a tea stall, or work as a cobbler, the scheme offers financial support without asking for collateral.
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) - Key Updates 2026
The scheme has seen several important changes in 2025-26 that affect both new and existing beneficiaries. Loan amounts for the first two tranches have been raised, a credit card facility has been launched, and vendors can now transfer their records when moving to a new city. The portal also supports more Indian languages and has added new grievance tracking features.
Revised Loan Amounts
Starting September 2025, the loan limits for the first two tranches have been increased. These revised amounts apply to all applications processed after the update, including pending applications that were returned by banks or picked up but not sanctioned.
STEP 1 - First tranche loan limit is now ₹15,000 (previously ₹10,000). This applies to new applications and pending ones that were returned by banks or picked up but not sanctioned before September 2025.
STEP 2 - Second tranche loan limit is now ₹25,000 (previously ₹20,000). Vendors whose first tranche loans were closed on or after 1 January 2025 are eligible for this increased amount.
STEP 3 - Third tranche remains at ₹50,000. Vendors whose second tranche loans were closed on or after 1 January 2025 can apply for the third tranche at this amount.
New PM SVANidhi Credit Card
A RuPay credit card facility linked to UPI has been introduced for vendors who have fully repaid their second tranche or have availed the third loan. The card comes with a ₹30,000 working capital limit and can be applied for directly through the vendor login on the portal. Credit card issuers verify and approve applications through their dedicated logins. The Credit Card User Manual and FAQs are available on the portal under the Guidelines section.
Vendor Mobility and Census Towns
Vendors who relocate to a new Urban Local Body can now transfer their PM SVANidhi application and records digitally through the ULB Transfer facility. This allows modification of applicant details (except Aadhaar-fetched data) and ensures uninterrupted access to scheme benefits. A new Vending Category 'E' has been introduced specifically for vendors from census towns, enabling them to apply for loans under the scheme for the first time.
Other Important Changes
The portal now supports additional Indian languages including Telugu, Odiya, Sanskrit, Malayalam, and Tamil through Bhashini integration. Account number validation has been added to all application forms. Vendors must now provide two reference details in their applications. Banks can reject applications if the applicant has other loan accounts marked as NPA or written off. For relocated vendors, e-KYC using biometric devices is available once the new ULB certifies them. A grievance dashboard with enhanced tracking has been added to the login portal.
| Detail | Information |
|---|---|
| Scheme Name | PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) |
| Launched By | Ministry of Housing and Urban Affairs |
| Launch Date | 1 June 2020 |
| Beneficiaries | Street vendors across India including census towns |
| First Tranche Loan | ₹15,000 (revised from ₹10,000) |
| Second Tranche Loan | ₹25,000 (revised from ₹20,000) |
| Third Tranche Loan | ₹50,000 |
| Interest Subsidy | 7% on timely repayment |
| Credit Card Limit | ₹30,000 (UPI-linked RuPay card) |
| Application Mode | Online through official portal |
| Official Website | pmsvanidhi.mohua.gov.in |
| Helpline | 1800-11-1979 (9.30 AM to 6.00 PM, Mon-Sat) |
Eligibility
You can apply for PM SVANidhi if you meet any of these criteria:
- Hold a Certificate of Vending or Identity Card issued by Urban Local Bodies.
- Were identified in the ULB survey but are waiting for your formal Identity Card.
- Were left out of the initial survey or started vending after it ended, and hold a Letter of Recommendation (LoR).
- Operate in peri-urban or rural areas but conduct business within city limits, with a Letter of Recommendation.
- Are a vendor from a census town (new Category E) with proper identification.
Documents Required
Keep these documents ready before starting your application:
For First Loan
Certificate of Vending or ID card if you have one. If you need a Letter of Recommendation, get it from the ULB or Town Vending Committee.
General KYC
Any one of these: Aadhaar Card, Voter Identity Card, Driving License, MNREGA Card, or PAN Card.
For Letter of Recommendation
Bank passbook copy, proof of membership in a vendors' association (if any), and a request letter addressed to the ULB.
For Second or Third Loan
Official loan closure document from your previous tranche.
Additional Requirements (New)
Two reference details with contact information. Bank account number validation is now mandatory in all forms.
How to Apply Online
STEP 1 - Visit the official PM SVANidhi portal at pmsvanidhi.mohua.gov.in and log in using your mobile number and OTP. If you want to change your registered mobile number, use the Mobile Update option and log in with Aadhaar.
STEP 2 - Select your correct vendor category. Category E is for census town vendors. Choose the loan tranche you are applying for: Apply For 15k (first tranche), Apply For 25k (second tranche), or Apply For 50k (third tranche).
STEP 3 - Enter your Survey Reference Number (SRN). If you don't know it, check your survey status on the portal first.
STEP 4 - Complete the application form with all required details, upload the necessary documents, and submit. Make sure your bank account number is correctly entered as validation is now enforced.
STEP 5 - For the Credit Card, select the Apply Credit Card option after logging in. This is available only if you have repaid your second tranche or availed the third loan.
If you face any issues, refer to the User Manual available on the portal or call the toll-free helpline 1800-11-1979 between 9.30 AM and 6.00 PM, Monday to Saturday. You can also visit your local ULB office for offline support.
Application Status Check
You can track your application status on the portal using the Know Your Application Status feature. Enter your application reference number or mobile number to see the current stage. The portal also shows high pendency ULBs and branches if your application is delayed at a specific level.
References
Scheme Guidelines (2026) | Loan Operational Guidelines (2026) | Credit Card Guidelines (2026) | Cashback Incentive Guidelines (2026) | PM SVANidhi FAQs (2026) | Credit Card FAQs (2026) | Official Portal | MoHUA Scheme Page
FAQ's
What is PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)?
It is a government scheme that gives collateral-free working capital loans to street vendors in three tranches, with a 7% interest subsidy on timely repayment.
What are the new loan amounts for 2026?
First tranche is ₹15,000, second tranche is ₹25,000, and third tranche is ₹50,000. These revised amounts apply from September 2025 onwards.
Who can apply for the PM SVANidhi Credit Card?
Vendors who have fully repaid their second tranche loan or have availed the third tranche can apply for the UPI-linked RuPay credit card with a ₹30,000 limit.
Can census town vendors apply now?
Yes, a new Category E has been introduced for vendors from census towns, making them eligible to apply for loans under the scheme.
What if I move to a different city?
You can use the Vendor Mobility (ULB Transfer) facility on the portal to digitally transfer your application and records to the new ULB. e-KYC with biometric is available once the new ULB certifies you.
Is there an age limit for applying?
No, there is no age limit for applicants under this scheme.
What is the interest rate on these loans?
The scheme offers a 7% interest subsidy, so you pay only the difference above 7% as charged by the bank. Timely repayment makes you eligible for the subsidy.
How long do I have to repay each loan?
Each tranche must be repaid within one year in monthly installments.
Can I apply if I have other government loans?
Yes, participation in other government schemes does not disqualify you. However, banks may reject applications if you have existing loans marked as NPA or written off.
Where can I find the latest guidelines and FAQs?
All updated 2026 guidelines, operational manuals, and FAQs are available on the MoHUA website and the PM SVANidhi portal under the Guidelines section.