Here is the whole scheme in one place: what you get, who qualifies, how to apply, and what to check.
| Scheme | Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) |
|---|---|
| Ministry | Ministry of Housing and Urban Affairs (MoHUA), Govt of India |
| Benefit | Collateral-free loan of Rs 10,000, then up to Rs 20,000 and Rs 50,000 in later stages |
| Who can apply | Street vendors identified in the ULB survey or holding a vending certificate or letter of recommendation |
| How it is paid | Bank loan from a lending institution, with a 7% interest subsidy for timely repayment |
| Apply at | pmsvanidhi.mohua.gov.in or your local Urban Local Body (ULB) |
| Cost to apply | Free, no processing fee |
Key points
- Loan of Rs 10,000 at 7% interest, with no collateral.
- Repayment is over one year, and repeat loans rise in stages.
- Vendors who repay on time get a 7% interest subsidy.
- You need a vending certificate or a letter of recommendation from your ULB.
So what exactly does a vendor get?
The first loan under the scheme is Rs 10,000, with a repayment period of one year.
After successful repayment, you can get a bigger loan of up to Rs 20,000. The next stage can go up to Rs 50,000.
Rs
Graphic: News Anek, from the facts in this report
The interest rate is 7%, and timely repayment earns a 7% annual interest subsidy credited to your bank account.
You can also earn cash-back of around Rs 50 to Rs 100 a month for digital payments through approved apps.
Loan limits and rules can change, so please confirm the current figures on the official site.
Who can apply, and who cannot?
The scheme is for street vendors who were vending before 24 March 2020.
You must be identified in the survey by your Urban Local Body, or hold a Certificate of Vending or identity card.
Vendors left out of the survey can apply with a letter of recommendation from the ULB or Town Vending Committee.
Vendors in peri-urban and nearby rural areas within ULB limits can also apply with such a letter.
The scheme covers vendors in all states and union territories, so no separate state rule applies.
Why was this scheme started, and what has changed?
PM SVANidhi was launched on 1 June 2020 by the Government of India.
It was started to help street vendors hurt by the COVID-19 pandemic get back on their feet.
The scheme is run by the Ministry of Housing and Urban Affairs, with Urban Local Bodies, banks and digital payment partners.
The scheme has been revised to offer loans up to Rs 50,000 in three stages. The lending period has been extended to 31 March 2030, according to recent reports.
What documents should you keep ready?
Keep your Certificate of Vending or identity card from your ULB, if you have one.
If you were left out of the survey, keep your letter of recommendation from the ULB or Town Vending Committee.
Keep your Aadhaar card and a bank account. Your mobile number should be linked with your Aadhaar.
You will also need your Survey Reference Number (SRN) if you have one.
How do you apply online, step by step?
Go to pmsvanidhi.mohua.gov.in and click Log In on the home screen.
Enter your mobile number, complete the captcha, and submit.
After logging in, choose the right vendor category from the options.
Enter your Survey Reference Number, which is mandatory, and fill in the online application form.
Upload your documents and submit the form. Then keep your application number safe.
Can you apply offline, and what if your application is stuck?
You can also approach your local Urban Local Body for help with the application.
Keep your Loan Application Form details and documents ready before you go.
After applying, track your status on the official portal. If it is stuck, ask your ULB office to check it.
Your loan is given by a lending institution after the application is processed and approved.
What should you watch out for?
Never pay anyone to get a PM SVANidhi loan. Apply only through the official portal or your ULB.
Be careful of agents who ask for a fee, a deposit or your OTP.
For help, contact your local Urban Local Body office or check the official portal for helpline details.
Frequently asked questions
Is any collateral needed?
No, the loan is collateral-free. No processing fee is charged under the scheme.
Can I get a bigger loan after the first one?
Yes, after successful repayment you can apply for higher loans in later stages, as per the current rules.
Does my state matter?
No, the scheme is central and open to eligible vendors in all states and union territories.
What if I did not get a vending certificate?
You can apply with a letter of recommendation from your ULB or Town Vending Committee if you were left out of the survey.
Is there a last date to apply?
Recent reports say lending has been extended to 31 March 2030. Please check the official portal for the latest date.
Official links
This guide is based on official scheme rules. Rules and amounts can change, so always confirm on the official website before you apply. News Anek is not a government website.
