In shortPM SVANidhi provides collateral-free working capital loans to street vendors in three progressive tranches: Rs 15,000, Rs 25,000, and Rs 50,000. Timely repayment earns interest subsidy. Vendors also get cashback up to Rs 1,600 for digital payments and a RuPay credit card with Rs 30,000 limit after repaying the second tranche.
Key facts
- Nodal ministry
- Ministry of Housing and Urban Affairs, with the Department of Financial Services, Ministry of Finance
- Level
- Central and State
- Launched
- 2020
- Last date
- Open all year
Street vendors were hit hardest when markets shut during the pandemic, and most of them had no way to borrow except from moneylenders. PM SVANidhi gives them small working capital loans with no collateral at all.
You start with Rs 15,000. Repay it on time and you become eligible for Rs 25,000, and after that Rs 50,000. Timely repayment also earns you an interest subsidy, so the effective cost of borrowing is low. The scheme was restructured in 2025 and now runs until 31 March 2030, with the tranche amounts raised and coverage extended beyond statutory towns to census towns and peri-urban areas.
There are two extra rewards. Accept payments by QR code and you can earn cashback of up to Rs 1,600. Repay your second loan and you qualify for a UPI linked RuPay credit card with a limit of up to Rs 30,000.
What you get
Collateral free working capital loans to street vendors in three progressive tranches of Rs 15,000, Rs 25,000 and Rs 50,000, with an interest subsidy on timely repayment. Vendors also earn cashback of up to Rs 1,600 for accepting digital payments, and those who repay the second tranche become eligible for a UPI linked RuPay credit card with a limit of up to Rs 30,000.
Who is eligible
- The applicant must be a street vendor doing business in an urban area
- Vendors holding a Certificate of Vending or an identity card issued by the Urban Local Body are eligible
- Vendors identified in the survey but not issued a certificate can apply using a provisional certificate of vending
- Vendors left out of the survey may apply with a letter of recommendation from the Urban Local Body or the Town Vending Committee
- Vendors from surrounding peri-urban and rural areas who vend in the urban local body area are covered, and the restructured scheme extends coverage to census towns and peri-urban areas
- The higher tranches are available only after the previous loan has been repaid on time
Documents you need
- Certificate of Vending or identity card issued by the Urban Local Body
- Aadhaar card
- Voter identity card
- Bank account details linked to Aadhaar
- Letter of recommendation from the Urban Local Body or Town Vending Committee where no vending certificate exists
- Mobile number linked to Aadhaar for e-KYC
How to apply
- Check your vendor status and eligibility on the PM SVANidhi portal or with your Urban Local Body
- Apply online at pmsvanidhi.mohua.gov.in, or through a Common Service Centre, a bank branch, a business correspondent or a microfinance institution
- Complete Aadhaar based e-KYC and fill the loan application for the tranche you qualify for
- The Urban Local Body verifies your vendor status and the lender sanctions the loan, usually with no collateral
- Repay in monthly instalments to earn the interest subsidy and unlock the next tranche, and use digital payments to earn cashback
Frequently asked questions
Who is eligible for PM SVANidhi loan?
Street vendors with a Certificate of Vending or identity card from the Urban Local Body are eligible. Vendors identified in surveys but not issued certificates can apply with a provisional certificate. Vendors left out can apply with a letter of recommendation from the Urban Local Body or Town Vending Committee.
What is the maximum loan amount under PM SVANidhi?
The maximum loan amount is Rs 50,000, available in three tranches: Rs 15,000, Rs 25,000, and Rs 50,000. Higher tranches are available only after repaying the previous loan on time.
What documents are required to apply for PM SVANidhi?
Required documents are Certificate of Vending or identity card from Urban Local Body, Aadhaar card, voter identity card, bank account details linked to Aadhaar, and mobile number linked to Aadhaar for e-KYC.
How much cashback can I earn on digital payments?
You can earn cashback of up to Rs 1,600 by accepting digital payments through QR code under PM SVANidhi.
What is the RuPay credit card benefit in PM SVANidhi?
After repaying the second loan tranche on time, vendors become eligible for a UPI-linked RuPay credit card with a credit limit of up to Rs 30,000.
Where can I apply for PM SVANidhi?
You can apply online at pmsvanidhi.mohua.gov.in, or through a Common Service Centre, bank branch, business correspondent, or microfinance institution. The application process is open all year.
Before you apply: confirm every date, fee and eligibility rule on the official website linked on this page. Public and Policy is an independent portal, not a government body, and details change without notice.
