PM Street Vendor's AtmaNirbhar Nidhi

Who can apply for PM SVANidhi

• Street vendors, hawkers and pedlars, mobile or stationary, seasonal or year-round, in towns, census towns and peri-urban areas.
• In statutory towns: a Certificate of Vending, vendor ID card or Letter of Recommendation from the Town Vending Committee or urban local body.
• In census towns and peri-urban areas: a Letter of Recommendation from the Block Development Office, due within 15 days of applying.
• Available in states and UTs that have notified rules under the Street Vendors Act, 2014.

PM SVANidhi benefits

• Collateral-free loans in three steps: up to ₹15,000 (repay in 12 months), ₹25,000 (18 months) and ₹50,000 (36 months).
• Repaying on time or early makes you eligible for the next, larger loan. There is no early-repayment penalty.
• Interest subsidy of 7% a year, credited to your account every quarter.
• Cashback of up to ₹1,600 a year for using digital payments.
• Vendors who repay the second loan can get a UPI-linked RuPay credit card, starting at ₹10,000 and rising to ₹30,000.
• Help linking the family to eight central welfare schemes, plus training in financial and digital literacy and food safety.

How to apply for PM SVANidhi

1. 1Get your Certificate of Vending or Letter of Recommendation from the urban local body, or from the Block Development Office in census towns and peri-urban areas.
2. 2Apply on the PM SVANidhi portal or through the Jan Samarth portal.
3. 3Your application goes to a bank or other lender, which processes the loan.

Documents needed for PM SVANidhi

• Certificate of Vending, vendor identity card or Letter of Recommendation

Where it applies

Every state and union territory. See what else applies near you