The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme is a visionary initiative launched by the Ministry of Housing and Urban Affairs (MoHUA) to empower street vendors. It provides collateral-free working capital loans to help street vendors restart and expand their livelihoods, especially after the COVID-19 pandemic.
In 2025, the PM SVANidhi Yojana continues to benefit lakhs of vendors across the country. If you are a vegetable seller, tea vendor, cobbler, barber, or anyone selling goods on the street, this scheme is for you. Let’s understand how you can benefit from this loan and how to apply step by step.
🎯 What is PM SVANidhi Yojana?
Launched in June 2020, PM SVANidhi stands for Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi. The aim of this scheme is to:
- Offer initial working capital loans of ₹10,000
- Provide second and third term loans of ₹20,000 and ₹50,000 respectively
- Offer interest subsidies and digital transaction rewards
- Promote digital payments and formalization of vendors
📦 Key Features of the Scheme
Here are the important features of PM SVANidhi Yojana 2025:
| Feature | Details |
|---|---|
| Loan Amount | ₹10,000 (1st term), ₹20,000 (2nd term), ₹50,000 (3rd term) |
| Collateral Required | No |
| Interest Subsidy | 7% per annum (credited quarterly) |
| Repayment Tenure | Up to 12 months (can be repaid early) |
| Digital Cashback | Up to ₹1,200/year for using UPI or digital payments |
| Credit Score Benefit | Loan repayment is reported to credit bureaus |
| Eligibility Expansion | Available for urban & peri-urban vendors with valid documents |
👥 Who Can Apply?
To be eligible for the PM SVANidhi loan, the applicant must be:
- A street vendor engaged in selling goods or services in public places.
- In possession of any one of the following:
- Certificate of Vending
- Identity card issued by Urban Local Body (ULB)
- Inclusion in survey list by ULB before March 24, 2020
- A vendor operating in urban, semi-urban, or rural areas adjacent to cities.
- 18 years or older and not a defaulter in any bank loans.
📋 Documents Required
To apply for the PM SVANidhi Loan, keep the following documents ready:
- ✅ Aadhaar Card
- 📱 Mobile Number linked with Aadhaar
- 📸 Passport-size Photograph
- 📄 Voter ID/Ration Card/PAN Card
- 🧾 Proof of Vending Activity (Certificate, Identity Card, or Letter from ULB)
- 🏠 Proof of Residence (Utility bill, rent agreement, etc.)
- 💳 Bank Account Details (Aadhaar-linked and active)
🖥️ How to Apply for PM SVANidhi Loan Yojana 2025 – Step-by-Step
You can apply for the PM SVANidhi scheme online or offline.
✅ Online Application Process
- Visit the official website:
- Click on “Apply for Loan”.
- Select your vendor category (with/without ID card).
- Enter your Aadhaar number, verify with OTP.
- Fill out the loan application form:
- Personal details
- Address
- Vending details
- Bank details
- Upload required documents.
- Submit and note down your application reference number.
You can track the status on the website using your Aadhaar or mobile number.
🏢 Offline Application Process
If you’re not comfortable online, visit your:
- Municipal Office
- Common Service Centre (CSC)
- Urban Local Body (ULB)
- Bank branch (participating banks include SBI, PNB, HDFC, etc.)
The staff will help you fill the form and upload documents.
💵 How Much Loan Can You Get?
| Loan Term | Amount | Conditions |
|---|---|---|
| 1st Loan | ₹10,000 | For first-time applicants |
| 2nd Loan | ₹20,000 | After full repayment of first loan, on-time |
| 3rd Loan | ₹50,000 | After repaying 2nd loan with good credit history |
Each term loan must be repaid within 12 months.
🎁 Benefits of the PM SVANidhi Yojana
- 💰 No collateral required.
- 📈 Credit score building for future bank loans.
- 🏦 Easy access to formal credit without middlemen.
- 📱 Cashback up to ₹100/month for UPI users.
- 💳 Access to RuPay cards and digital payment tools.
- 👨👩👧 Family security through a stable and growing business.
- 📑 Loan account shown in CIBIL for credibility.
🔁 Loan Repayment & Upgradation
Timely repayment comes with rewards:
- 7% interest subsidy credited quarterly to your bank.
- Repayment before 12 months gives eligibility for higher loan in next cycle.
- Failure to repay may lead to disqualification from next loan cycles or credit downgrade.
🔍 Scheme Implementation Partners
- State Governments
- Urban Local Bodies (ULBs)
- Banks & NBFCs
- Digital Payment Aggregators (Paytm, PhonePe, Google Pay, etc.)
- Common Service Centres (CSCs) for assisted applications
📊 Progress & Impact of the Scheme (As of 2025)
- Over 65 lakh street vendors registered.
- More than 45 lakh loans sanctioned.
- Increased digital inclusion among small sellers.
- Women vendors and SC/ST/OBC categories receive special assistance.
❓ Frequently Asked Questions (FAQs)
Q1. Can I apply without a Certificate of Vending?
Yes. You can apply with a Letter of Recommendation from ULB or be part of the official survey list.
Q2. What is the interest rate?
Standard rate of banks/NBFCs. However, you will receive a 7% subsidy from the government.
Q3. Is there any penalty for late payment?
Late EMI payment may lead to interest burden and affect credit score, making future loans harder.
Q4. Can women vendors apply?
Yes. The scheme is gender-neutral, and women applicants are encouraged to apply.
🏁 Conclusion
The PM SVANidhi Yojana 2025 is more than just a loan — it is a lifeline for street vendors who form the backbone of India’s informal economy. By providing easy credit, digital benefits, and financial inclusion, this scheme helps vendors restart, expand, and stabilize their businesses.
If you’re a street vendor or know someone who is, don’t miss this golden opportunity to access government-backed funds and grow your business with dignity.
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