PM SVANidhi
Collateral-free working-capital loans for street vendors in rising tranches of ₹15,000, ₹25,000 and ₹50,000, with a 7% interest subsidy.
Key facts
| Loan tranches | ₹15,000 → ₹25,000 → ₹50,000 (each unlocks on timely repayment) |
|---|---|
| Interest subsidy | 7% per year, credited to your loan account |
| Collateral | None — fully collateral-free |
| For | Street vendors with a vending certificate or survey listing |
| Scheme extended to | March 2030 |
| Official portal | pmsvanidhi.mohua.gov.in |
| Application window | Open all year for eligible street vendors. |
Benefits
The scheme offers collateral-free working-capital loans in rising tranches — ₹15,000 first, then ₹25,000, then ₹50,000 — each unlocked by timely repayment of the previous one. Borrowers earn a 7% annual interest subsidy credited quarterly, plus cashback incentives for accepting digital payments.
Who can apply
- For: street vendor
- has vending certificate or survey listing
Street vendors operating in urban areas qualify. You need either a Certificate of Vending or identity card issued by the urban local body, or to appear in the municipal vending survey; vendors left out of the survey can still apply with a letter of recommendation from the ULB or the Town Vending Committee. The scheme was restructured in August 2025 and extended to March 2030, with coverage widened to bring in new vendors.
Who is not eligible
- Income tax payers
- Government employees in family
- Households not classified as poor
How to apply
Apply at pmsvanidhi.mohua.gov.in or through any Common Service Centre. You will need Aadhaar linked to a mobile number and your vending certificate or survey reference; the portal routes the application to lending institutions, and sanction status can be tracked online.
- Apply at pmsvanidhi.mohua.gov.in or through any Common Service Centre (CSC).
- Keep your Aadhaar (linked to your mobile) and your vending certificate or survey reference ready.
- The portal routes your application to lending institutions — track the sanction status online.
- Repay the first loan on time to unlock the next, larger tranche.
- Use UPI / digital payments at your stall to earn cashback and build a credit history.
Documents required
- Aadhaar (linked to mobile number)
- Certificate of Vending / survey reference, or ULB recommendation letter
- Bank account details
Common problems and how to fix them
| Problem | What to do |
|---|---|
| You have no vending certificate | Vendors identified in the survey but without a certificate can still apply; the ULB issues a provisional Certificate of Vending or a letter of recommendation. |
| Loan application rejected | Check that your Aadhaar is linked to your mobile and that your record is in the ULB vendor survey, then reapply through a CSC. |
| Want a bigger loan | Repay the current tranche on time — the next tranche (₹25,000, then ₹50,000) unlocks only on timely repayment. |
Contact information
- Toll-free1800-11-1979
Frequently asked questions
Is any collateral or guarantor needed?
No. PM SVANidhi loans are collateral-free.
How is the 7% interest subsidy given?
It is credited to your loan account (quarterly) as long as you repay on time.
Key terms explained
- Aadhaar
- A 12-digit unique identity number issued by UIDAI. Most schemes use it to confirm identity and link your bank account for payments.
- CSC (Common Service Centre)
- A government-authorised local kiosk where citizens can apply online for schemes and services, often for a small fee.
- ULB (Urban Local Body)
- A municipal authority (municipality or corporation) that administers an urban area and verifies applicants for many urban schemes.
- Collateral-free loan
- A loan you can take without pledging any asset (land, gold, etc.) as security.
Always confirm the latest details on the official portal before applying.
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