The PM SVANidhi (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) Scheme is a central sector initiative aimed at empowering street vendors through access to working capital, interest subsidies, and incentives for digital transactions. Launched in June 2020 under the Ministry of Housing & Urban Affairs (MoHUA), the scheme helps street vendors revive and sustain their livelihoods, especially in urban and peri-urban areas.
✅ Eligibility Criteria for PM SVANidhi (2025)
To apply under PM SVANidhi, a street vendor must satisfy the following:
Street Vendor Status: Must have been vending in urban / peri-urban areas as of 24 March 2020 or identified in the ULB (Urban Local Bodies) survey.
Documentation / Proof:
Possession of Certificate of Vending / Identity Card issued by ULB, OR
Identified in ULB survey without certificate (a Provisional Certificate may be generated), OR
Vendors excluded from the survey or those who started vending later but issued a Letter of Recommendation (LoR) by ULB / Town Vending Committee (TVC).
Vendors from surrounding areas (peri-urban / rural) vending within ULB limits with LoR.
Other Conditions:
Bank account in the vendor’s name (active) for disbursal.
Mobile number linked with Aadhaar / KYC compliance.
No requirement of collateral or security.
The scheme is applicable across all States/UTs that have notified rules under the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014 (except where state laws differ).
💰 Benefits & Features of PM SVANidhi (Latest / Revised)
With its 2025 revamp, PM SVANidhi offers the following improved benefits:
1. Working Capital Loans (Tranche Structure)
First loan / 1st tranche: Up to ₹15,000 (increased from ₹10,000 earlier)
Second tranche: Up to ₹25,000 (previously ₹20,000)
Third tranche: Up to ₹50,000 maximum limit (unchanged)
Tenure for each tranche differs—first tranche is for 12 months, second may extend up to 18 months, and third up to 36 months. prepayment penalty is charged if vendors clear the loan earlier.
2. Interest Subsidy
Vendors who repay their loans on time or early receive an interest subsidy @ 7% per annum, credited directly to their bank accounts (usually half-yearly).
3. Digital Transactions Incentives
To promote digital payments, the scheme offers cashback rewards:
For early years it was up to ₹1,200 per annum; in newer rules this is boosted (vendors may now receive up to ₹1,600 as cashback on digital transactions).
The more digital transactions (UPI, etc.) you do, the more reward you earn.
4. Credit Card Scheme
Under the 2025 revamp, vendors who successfully repay the second tranche may be eligible for a UPI-linked Rupay credit card (limit ~ ₹30,000) to help manage working capital / emergency needs.
5. Scheme Extension & Budget
The scheme’s lending / operational period has been extended to 31 March 2030 (earlier ending date was December 2024).
The total financial outlay for the revamped scheme is ₹7,332 crore, with new targets to benefit more vendors.
6. Capacity Building & Welfare Support
The scheme also provides training in financial literacy, digital skills, marketing, hygiene and food safety, especially under its “SVANidhi se Samriddhi” component.
Supplementary support like Lok Kalyan Melas to integrate vendors into government welfare schemes.
🖥 How to Apply Online: Step-by-Step Process
Here’s how a street vendor can apply for PM SVANidhi via the official portal:
Visit the official PM SVANidhi portal: pmsvanidhi.mohua.gov.in (or via CSC)
Click on “Apply for Loan” / “Applicant Login / New Application” tab. \
Enter your mobile number, captcha, and OTP verification.
Select vendor category (Certificate / LoR / Provisional) and enter your Survey Reference Number (SRN) or vendor ID.
Fill in personal details, address, bank account information and upload mandatory documents (Aadhar, Certificate of Vending / LoR).
Choose the lender / bank branch for loan processing.
Submit the application. After verification by the lending bank, the loan is disbursed to your bank account.
You can also apply via Common Service Centres (CSCs) for assistance with form filling and submission.
Processing time generally takes 7 to 10 working days, provided documentation is complete.
⚠️ New Rules & Key Changes to Watch in 2025-2026
Extended scheme duration to 2030 (vs earlier 2024) for loan disbursal and operation.
Higher initial loan limits: ₹15,000 as first tranche (up from ₹10,000).
Stronger digital cashback rewards (up to ₹1,600) to push adoption of digital payments.
New credit card access (UPI-linked Rupay cards) for vendors who complete second tranche repayment.
Vendors must continue to maintain standard account status (i.e. non-non performing) for interest subsidy eligibility.
No change in collateral / margin / security / processing fees — these remain NIL.
🧭 Tips & Important Notes for Applicants
Keep your mobile number linked to Aadhaar and update it if changed.
Ensure your Certificate of Vending / LoR is recognized by your ULB / Town Vending Committee.
Use the correct Survey / vendor ID (SRN) when applying.
Upload clear scanned documents — blurry or incomplete ones may cause delays.
After sanction, repay your loan timely to receive interest subsidy and unlock higher tranches and credit card access.
Use digital payments (UPI, QR codes) to maximize cashback incentives.
Monitor your loan status via portal: there is a “Check Status” / “Know your application status” section.
🧷 Conclusion
The extended and revamped PM SVANidhi scheme (till 2030) offers promising financial support to street vendors with higher loan limits, digital incentives, and even credit card access. Its eligibility is inclusive (via certificates, LoR, etc.), and the application process is online (with CSC support). If you’re a street vendor or know one, this is the time to benefit from organized credit and structured support for restarting and growing your small business.
If you like, I can also prepare a PDF guide for “PM SVANidhi — 2025 Revised Rules & Application Checklist” that you can download and share. Would you like me to send that?
