📖 Scheme Overview & Key Details
Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) is a specialized credit scheme aimed at empowering street vendors, hawkers, and micro-traders. The scheme provides accessible, collateral-free working capital loans in three progressive tranches: ₹10,000 in the first tranche (1-year tenure), ₹20,000 in the second tranche (2-year tenure), and ₹50,000 in the third tranche (3-year tenure) upon timely repayment of previous loans. Beneficiaries receive a 7% per annum interest subsidy directly credited into their bank accounts on a quarterly basis and can earn up to ₹1,200 annually in cashback incentives by adopting digital payment acceptance.
✅ Who Can Apply – Eligibility Criteria
•Street vendors, hawkers, and small market sellers operating in urban, peri-urban, or rural areas
•Vendors possessing a Certificate of Vending, Vending Identity Card, or Letter of Recommendation (LOR) from Urban Local Bodies (ULB)
📄 Required Documents – What You Need
📋 How to Apply – Step‑by‑Step Process
Step 1: Access pmsvanidhi.mohua.gov.in or visit a local CSC / bank branch.
Step 2: Check vendor eligibility status using your mobile number and Aadhaar details.
Step 3: Select preferred lending institution and complete the online working capital loan application form.
Step 4: Upload Urban Local Body vending recommendation or vendor ID details.
Step 5: After digital verification by the municipality, the loan amount is credited directly to your bank account.
📞 Help & Support – Official Contacts
Helpline / Support Office
1800111979 / pmsvanidhi-mhua@gov.in