Ministry of Housing and Urban Affairs
PM SVANidhi — PM Street Vendor's AtmaNirbhar Nidhi
Collateral-free working capital loans: ₹10,000 (1st), ₹20,000 (2nd), ₹50,000 (3rd) — with 7% annual interest subsidy and cashback incentives for digital transactions
Progressive loan stages · 7% interest subsidy quarterly
PM SVANidhi (PM Street Vendor's AtmaNirbhar Nidhi) is a central sector micro-credit scheme launched on 1 June 2020 by the Ministry of Housing and Urban Affairs to support street vendors who lost their livelihoods due to COVID-19. The scheme provides collateral-free working capital loans of ₹10,000 → ₹20,000 → ₹50,000 in progressive stages on timely repayment, with a 7% annual interest subsidy credited back to the borrower's account. The scheme has been extended as PM SVANidhi 2.0 till 31 March 2030.
Am I Eligible?
Quick check — answer 3 questions
Is your age between 18 and 100 years?
Is your annual family income under ₹1 Cr?
Do you live in a Urban area?
Benefit Details
Collateral-free working capital loans: ₹10,000 (1st), ₹20,000 (2nd), ₹50,000 (3rd) — with 7% annual interest subsidy and cashback incentives for digital transactions
Provided by Central Government
Progressive loan stages · 7% interest subsidy quarterly
Eligibility Criteria
Street vendors with Certificate of Vending (CoV) or Identity Card issued by Urban Local Body (ULB); Vendors without CoV/ID who were surveyed by ULB before 24 March 2020 also eligible with Letter of Recommendation; Must be an Indian citizen with Aadhaar-linked mobile number
18 to 100 years
Up to ₹1 Cr / year
Urban
Required Documents
💡 Tip: Keep original documents and 2 photocopies ready. Self-attest all photocopies.
How to Apply
Check Your Vending Status
offlineConfirm you have a Certificate of Vending (CoV) or Identity Card from your Urban Local Body. If not, check if your name is in the ULB survey list and request a Letter of Recommendation from your ward office.
Apply Online on PM SVANidhi Portal
onlineGo to pmsvanidhi.mohua.gov.in → "Apply Loan 10,000" → log in with Aadhaar-linked mobile OTP → fill in name, address, vending category, bank details → upload CoV/ID → submit. Application goes to nearby lenders.
Apply via Bank / MFI Branch
offlineWalk in to any participating bank (SBI, UCO, SIDBI MFI partners) or microfinance institution with your Aadhaar, CoV/ID, bank passbook, and photo. The bank officer will help fill the application.
Enable Digital Payments
online / offlineAfter loan disbursal, use the UPI QR code or RuPay card at your stall and pay back digitally to earn monthly cashback rewards (₹50–₹100) as incentive for digital transactions.
Repay and Upgrade Loan
online / offlineRepay your ₹10,000 loan within 12 months. Timely repayment qualifies you for the ₹20,000 second loan and then ₹50,000 third loan. 7% interest subsidy is auto-credited to your account quarterly.
Frequently Asked Questions
Quick Summary
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⚠️ Disclaimer: Information is compiled from official government sources for guidance purposes. Eligibility and benefits may vary. Always verify with the official portal or nearest government office before applying.
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