PM SVANidhi (PM Street Vendor’s AtmaNirbhar Nidhi) Scheme
<p>PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) is a Special Micro-Credit Facility launched by Ministry of Housing and Urban Affairs, for providing affordable loans to street vendors.</p>
Dynamic Subsidy Scaling Matrices
Under the official guidelines of this scheme, final margin money subsidies scale dynamically based on your gender, region of business setup, and social categories. Below is the detailed rate catalog:
Benefits Details
- PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) is a Special Micro-Credit Facility launched by Ministry of Housing and Urban Affairs, for providing affordable loans to street vendors.
- Facilitates collateral free Working Capital loans of upto Rs 10,000 for one year tenure.
- Interest subsidy on timely/ early repayment @ 7%
- Monthly cash-back incentive on digital transactions up to Rs.100 on undertaking prescribed number of digital transactions.
- On timely repayment of the first loan, higher loan eligibility of Rs.20,000 and Rs.50,000 in the second and third tranches respectively
Who can apply?
Any individual meeting the following guidelines is eligible for applying under this scheme:
| Target Beneficiary | Eligibility Criteria |
|---|---|
| Age Limit | Min Age: 18 years old. Max Age: 55 years old. |
| Target Gender | Suitable for Any category of applicants. |
| Category Required | Open to All social category classes. |
| Location Cover | Any Areas. |
| State Cover | Applicable across all states of India. |
Application Workflow Process
- Wider base of lending institutions including commercial and other Banks, MFIs, NBFCs and SHG Banks.
- Graded Credit Guarantee for lending institutions through CGTMSE.
Online Submission
Submit your promoter profile and bank-ready DPR details on the official nodal portal.
Nodal Review
Department agency verifies your details and forwards recommendation to local banks.
Bank Sanction
Bank evaluates credit feasibility and sanctions the term loan and working capital.
Subsidy Release
Nodal agency releases capital margin money subsidy to a TDR block accounts.
Required Documents Checklist
Keep the following digital copies ready before filling out the online application form:
Aadhaar Card
PAN Card
Passport Size Photo
Project Report / DPR
Educational Qualification Certificate (if applicable)
Caste Certificate (for reserved category)
Special Category Certificate (if applicable)
Rural Area Certificate (if applicable)
Bank Passbook / Cancelled Cheque
Udyam Registration (recommended/where applicable)
Mobile Number & Email ID
Frequently Asked Questions
Need Help?
Contact your local District Industries Centre (DIC) or Sri Yojana support desk for guidance and project filing support.
Request Guidance