PM SVANidhi gives street vendors affected by the COVID-19 lockdown access to working-capital loans without needing collateral, so they can resume and grow their business. Vendors who repay on time become eligible for larger loans in subsequent cycles, and the scheme also rewards digital-payment adoption with a small monthly cashback.
Check the complete PM SVANidhi scheme details to access collateral-free working capital micro-loans up to ₹50,000 for street vendors across India. PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) is a specialised central sector scheme launched by the Ministry of Housing and Urban Affairs (MoHUA), Government of India.
What is the PM SVANidhi Scheme?
PM SVANidhi was launched to empower urban street vendors, hawkers, and small traders to restart their livelihoods. The scheme provides affordable working capital loans with interest subsidies and cashback incentives to encourage digital transactions and promote economic self-reliance among informal micro-entrepreneurs.
Important Information
Eligibility & Benefits
- Eligibility
- Street vendors holding a Certificate of Vending or Identity Card issued by an Urban Local Body, or vendors identified through a survey but not yet issued a certificate, as per the categories listed on the official portal.
- Benefits
- An initial collateral-free loan of up to ₹10,000, rising to ₹20,000 and then ₹50,000 in later cycles for timely repayers, with an interest subsidy and monthly cashback for digital transactions.
- Required documents
- Certificate of Vending / Identity Card (or Survey Reference Number), Aadhaar card, bank account details.
How to Apply
- Application process
- Apply online at the official PM SVANidhi portal using a registered mobile number and the vendor's Survey Reference Number, or apply through a participating bank or Common Service Centre.
- Helpline
- 1800111979
Official Source
Ministry of Housing and Urban Affairs
Visit Official Website / Apply
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Source: PM SVANidhi Official Portal, Ministry of Housing and Urban Affairs
Last verified: 2026-09-06
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