Ministry of Housing & Urban Affairs
PM SVANidhi (Street Vendor's AatmaNirbhar Nidhi)
Launched: 1 June 2020
Who is this scheme for?
Urban street vendors who were vending before 24 March 2020 — collateral-free working capital loans for vending business.
Benefit amount & what you get
1st loan ₹10,000 (1 year). On timely repayment, 2nd loan ₹20,000 (18 months). On timely repayment, 3rd loan ₹50,000 (3 years). Interest subsidy of 7% directly credited to bank. Cashback ₹100/month for digital transactions (UPI).
Eligibility criteria
Urban street vendor with valid Certificate of Vending (CoV) / ID card from Urban Local Body (ULB). If vending without CoV, get LoR (Letter of Recommendation) from ULB.
How to apply — step by step
Visit pmsvanidhi.mohua.gov.in → Vendor login (mobile OTP) → upload Aadhaar + CoV/LoR + photo → choose lender bank → branch processes loan in 30 days → repayment via EMI.
Related schemes
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