PM Street Vendor Scheme

PM SVANidhi Scheme

Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi - A micro-credit facility for street vendors to resume their livelihoods that have been affected due to COVID-19 lockdown.

Up to ₹50,000

Maximum loan amount

12 Months

Repayment tenure

7% Subsidy

Interest subsidy on timely repayment

No Collateral

Collateral-free loans

Loan Categories

Progressive loan structure that rewards good repayment behavior with higher loan amounts.

First Loan

Up to ₹10,000

Tenure: 12 months

Key Features:

No collateral required
7% interest subsidy on timely repayment
Digital payment incentive

Key Features:

Available after full repayment of first loan
Continued digital payment benefits
Higher loan amount

Third Loan

Up to ₹50,000

Tenure: 12 months

Key Features:

For vendors with excellent repayment record
Maximum loan amount
Enhanced digital benefits

Digital Payment Incentives

Additional benefits for vendors who adopt digital payment methods.

Digital Payment Rewards

Earn cashback for using digital payment methods

Monthly Cashback:

Up to ₹100 per month
Based on digital transactions
Minimum 50 transactions required

Supported Platforms:

UPI payments
Card payments
QR code payments

Eligible Street Vendors

PM SVANidhi covers a wide range of street vendors across different categories.

Street food vendors

Vegetable/fruit vendors

Barbers

Cobblers

Pan/beedi/cigarette vendors

Tea vendors/tapri

Bread/pakoda/egg vendors

Ice-cream/kulfi vendors

Flower vendors

Newspaper vendors

Book/stationery vendors

Laundry service providers

Application Process

Simple 5-step process to apply for PM SVANidhi loan.

Registration

Application

Fill loan application form

Documents

Upload required documents

Verification

Bank verification process

Disbursal

Loan amount credited

Restart Your Business with PM SVANidhi

Get quick access to working capital and digital payment benefits. Join thousands of street vendors who have already benefited from this scheme.