PM SVANidhi — PM Street Vendor's AtmaNirbhar Nidhi

iAbout This Scheme

PM SVANidhi provides collateral-free working capital loans to street vendors affected by COVID-19 lockdowns. The scheme offers initial loans of ₹10,000, with enhanced loans of ₹20,000 and ₹50,000 on timely repayment. It also provides a 7% annual interest subsidy and incentivises digital transactions.

🎁Key Benefits

• First loan: ₹10,000; Second: ₹20,000; Third: ₹50,000
• 7% per annum interest subsidy credited to account
• Incentive for digital transactions
• No collateral required
• Credit score building through CRIF/Equifax
• Access to social security schemes

✅Eligibility Criteria

• 1
  Street vendors who were vending in urban areas on or before 24 March 2020
• 2
  Vendors with certificate of vending or letter of recommendation from ULB/TVC
• 3
  Vendors identified in the survey as eligible

📝How to Apply

❓Frequently Asked Questions