PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme 2025

PM SVANidhi (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) is a Central Sector Micro-Credit Scheme launched on 1st June 2020 by the Ministry of Housing and Urban Affairs (MoHUA).
It provides affordable working capital loans to street vendors to restart, grow, and digitalize their small businesses after the COVID-19 impact.

Scheme Details

Initial Loan Amount: ₹10,000 (collateral-free)
Second Loan: ₹20,000 after timely repayment
Third Loan: ₹50,000 for consistent payers
Interest Subsidy: 7% on timely repayment
Digital Cashback: Up to ₹100/month for using digital transactions
Repayment Period: 1 year

The PM SVANidhi Scheme is For?

Urban street vendors, hawkers, rehriwalas, and thelewalas selling vegetables, fruits, clothes, food, or services like cobbling and laundry.
Vendors working within Urban Local Bodies (ULBs) and nearby rural or peri-urban areas.

Benefits & Specialties

Collateral-free loan for business growth.
Low interest (7%) to make repayment easy.
No processing fee for application.
Digital rewards for using UPI and online payments.
Boosts self-reliance and employment generation.
Nationwide coverage – available in all States & UTs.

Available for States

PM SVANidhi is implemented across all Indian States and Union Territories through local urban bodies (ULBs) and lending institutions like banks and NBFCs.

Budget of the Scheme PM SVANidhi

The Government of India allocated a substantial fund under MoHUA for implementation, targeting 50 lakh+ street vendors across the country.

How Many Businesses Got This Scheme Advantage?

Till 2025, over 45 lakh street vendors have benefited under PM SVANidhi, improving their income stability and digital participation.

Eligibility

✅ Vendors with valid Certificate of Vending / ID Card from ULBs
✅ Vendors identified in the urban survey
✅ Vendors with Letter of Recommendation (LoR) from ULB/TVC
✅ Vendors from peri-urban/rural areas vending within ULB limits

How to Apply?

Online:

Visit pmsvanidhi.mohua.gov.in
Log in using mobile number and OTP
Select vendor category and enter SRN
Fill the form and upload documents

Offline:
You can also apply through local Urban Local Bodies or banks by submitting required documents.

Documents Required

For 1st Loan:

Certificate of Vending / ID / LoR
Aadhaar Card, Voter ID, PAN, or MNREGA Card

For 2nd Loan:

Loan closure document of the previous loan

FAQ – PM SVANidhi Scheme

Q1. What is PM SVANidhi Scheme?
A central scheme providing collateral-free working capital loans to street vendors for business revival.

Q2. Who is eligible to apply?
All registered or recommended street vendors operating in urban or peri-urban areas.

Q3. What is the maximum loan amount?
₹50,000 (in three phases based on repayment record).

Q4. Is collateral required?
No collateral or security is required for this loan.

Q5. What is the interest rate?
A subsidized rate of 7% per annum.

Q6. Can vendors apply online?
Yes, through the official website or Common Service Centres (CSCs).

StartupFlora – Your Scheme Guide for Business Growth

At StartupFlora, we help small businesses, vendors, and startups identify and apply for government funding schemes like PM SVANidhi, PMEGP, and Mudra Loan.
Our team ensures your eligibility check, document support, and loan guidance making the process simple and successful.