PM SVANidhi (PM Street Vendor's AtmaNirbhar Nidhi)

iAbout This Scheme

Micro-credit scheme for street vendors providing collateral-free working capital loans of ₹10,000 → ₹20,000 → ₹50,000 in three progressive tranches, with interest subsidy and digital transaction incentives to support livelihoods.

🎁Key Benefits

• ₹10,000 initial working capital loan (Tranche 1)
• ₹20,000 enhanced loan on timely repayment (Tranche 2)
• ₹50,000 third tranche for consistent performers
• 7% interest subsidy credited to bank account quarterly
• No collateral required
• ₹1,200/year cashback on digital transactions

✅Eligibility Criteria

• 1
  Street vendors vending in urban areas as of or before March 24, 2020
• 2
  Must have vending certificate/identity card issued by ULB
• 3
  Vendors identified through survey conducted by ULBs
• 4
  No income restriction

📝How to Apply

❓Frequently Asked Questions