PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)
पीएम स्ट्रीट वेंडर्स आत्मनिर्भर निधि
Ministry / Dept: Ministry of Housing and Urban Affairs (MoHUA) • Agency: Urban Local Bodies (ULBs) / Commercial Banks / Microfinance
📋 Scheme Objective & Overview
Special micro-credit facility providing affordable working capital loans to street vendors to resume livelihoods without collateral, rewarding digital transactions.
💰 Key Financial Benefits & Subsidy Details
- ✓Initial working capital loan up to ₹10,000 with 1-year repayment tenure.
- ✓On timely repayment, eligible for 2nd tranche of ₹20,000 and 3rd tranche of ₹50,000.
- ✓7% interest subsidy deposited directly in bank account every quarter.
- ✓Monthly cashback of up to ₹100 on receiving digital payments via UPI QR code.
🎯 Who is Eligible? (Eligibility Criteria)
- •Street vendors / hawkers operating in urban, peri-urban, or rural surrounding areas.
- •Vendors holding Certificate of Vending / Identity Card issued by ULBs.
- •Vendors identified in survey or possessing Letter of Recommendation (LoR) from ULB/Town Vending Committee.
Age Requirement: 18 to 70 years.
Education Qualification: None
📑 Mandatory Documents Required Checklist
Scanned PDF / Copies🚀 Step-by-Step Application Procedure
❓ Frequently Asked Questions (PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi))
What is the maximum loan limit under PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)?
Eligible applicants can avail up to ₹10,000 (1st tranche) → ₹20,000 (2nd tranche) → ₹50,000 (3rd tranche) in financial assistance from authorized partner banks.
How much capital subsidy is provided?
The scheme provides 7% Interest Subsidy credited directly to bank account + up to ₹1,200 annual cashback for digital transactions credited directly to the loan bank account upon milestone verification.
Is collateral security or mortgage required?
100% Collateral-Free.
Ready to apply for PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)?
Submit your online application through the official government portal.
Apply on Official Portal →Toll-Free Helpline: 1800-11-1979
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