PM SVANidhi (Street Vendor's AtmaNirbhar Nidhi)

About the Scheme

PM SVANidhi provides affordable working capital loans to street vendors affected by COVID-19 lockdowns. It offers loans in three tranches: ₹10,000 (1st), ₹20,000 (2nd), and ₹50,000 (3rd) with interest subsidy of 7% per annum. No collateral is required. The scheme also provides cashback on digital transactions.

Benefits

• Working capital loans: ₹10,000 → ₹20,000 → ₹50,000
• 7% interest subsidy
• No collateral required
• Cashback on digital transactions
• Monthly cashback of ₹50-₹100

Eligibility Criteria

• 1Street vendors in urban/peri-urban areas
• 2Vending certificate or Letter of Recommendation from ULB
• 3Identity proof (Aadhaar/Voter ID)
• 4Bank account in own name

Documents Required