PM SVANidhi — Street Vendor's AtmaNirbhar Nidhi

iAbout This Scheme

PM SVANidhi provides affordable micro-credit to street vendors to resume their livelihoods disrupted by COVID-19. Vendors can avail initial loan of ₹10,000 (enhanced to ₹20,000 and ₹50,000 on repayment) without collateral, and receive 7% interest subsidy from the government.

🎁Key Benefits

• Collateral-free working capital loan: ₹10,000 (first); ₹20,000 (second); ₹50,000 (third)
• 7% per annum interest subsidy credited quarterly
• Credit score building through timely repayment
• Digital transaction incentive: up to ₹1,200/year cashback
• Social security benefits linkage (PM-JAY, PMMVY, etc.)

✅Eligibility Criteria

• 1
  Street vendors vending in urban areas
• 2
  Must have certificate of vending (CoV) or letter of recommendation from ULB
• 3
  No income limit

📝How to Apply

❓Frequently Asked Questions