Sarkari Yojana
PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
About PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
The “PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)” scheme, run by the Ministry of Housing and Urban Affairs, Government of India, works to bring street vendors into the formal economy and widen their economic prospects by offering collateral-free working capital loans, an interest subsidy, and incentives for digital transactions. It was rolled out on 1st June 2020 as a central sector scheme, helping vendors relaunch and grow their businesses while also encouraging digital payments to widen financial inclusion. The term street vendors covers hawkers, thelewalas, rehriwalas, and others engaged in small-scale vending. The scheme seeks to bring street vendors into the formal fold and create fresh avenues for this sector to climb the economic ladder. Street vendors form a key part of the urban informal economy, making goods and services available at affordable prices right at city dwellers’ doorsteps. Depending on the region, they go by names such as vendors, hawkers, thelewala, rehriwala, theliphadwala, and so on. What they sell ranges from vegetables, fruits, ready-to-eat street food, tea, and pakodas to bread, eggs, textiles, apparel, footwear, artisan goods, and books/stationery, while their services span barber shops, cobblers, pan shops, and laundry services.
Scheme Overview
Central Government
Ministry Of Housing & Urban Affairs
Urban Local Bodies (ULBs) And Town Vending Committees (TVCs)
Individual
01 Jun 2020
Scheme Details
Eligibility Requirements
To qualify for PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi), applicants must satisfy the following conditions:
Street vendors holding a Certificate of Vending /…
Street vendors holding a Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs).
Vendors identified through the survey who are yet…
Vendors identified through the survey who are yet to be issued a Certificate of Vending / Identity Card.
Street Vendors who were missed in the ULB-led…
Street Vendors who were missed in the ULB-led identification survey, or who began vending after the survey concluded, and who hold a Letter of Recommendation (LoR) to that effect from the ULB / Town Vending Committee (TVC).
Vendors from surrounding development, peri-urban, or rural areas…
Vendors from surrounding development, peri-urban, or rural areas who vend within the ULB's geographical limits and hold a Letter of Recommendation (LoR) to that effect from the ULB / TVC.
Benefits Provided
PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) provides the following benefits to eligible applicants:
Working Capital Loan:
1st Tranche:
Loan of up to ₹15,000/-, repayable within 12 months.
2nd Tranche: Loan of up to ₹25,000/-, repayable within 18 months.
3rd Tranche: Loan of up to ₹50,000/-, repayable within 36 months.
Access to the next tranche depends on timely or early repayment.
No penalty is charged for prepayment
No penalty is charged for prepayment. Interest Subsidy:
A 7% per annum subsidy applies on the…
A 7% per annum subsidy applies on the loan amount.
The subsidy is credited every quarter to the…
The subsidy is credited every quarter to the beneficiary's bank account.
It applies only to standard (non-NPA) accounts
It applies only to standard (non-NPA) accounts.
It remains valid until 31st March 2033
It remains valid until 31st March 2033. Digital Transaction Cashback:
Cashback of up to ₹100/- per month is…
Cashback of up to ₹100/- per month is given for digital transactions. Credit Guarantee Support:
31.87% guarantee cover applies to the 1st tranche…
31.87% guarantee cover applies to the 1st tranche loan.
8.25% guarantee cover applies to the 2nd tranche…
8.25% guarantee cover applies to the 2nd tranche loan.
6% guarantee cover applies to the 3rd tranche…
6% guarantee cover applies to the 3rd tranche loan.
Lending institutions bear no charges
Lending institutions bear no charges. UPI Linked RuPay Credit Card:
Comes with an initial credit limit of ₹10,000/-,…
Comes with an initial credit limit of ₹10,000/-, extendable to ₹30,000/-.
Valid for 5 years
Valid for 5 years.
Issued once the 2nd tranche loan has been…
Issued once the 2nd tranche loan has been repaid successfully.
Documents Required
Applicants should keep the following documents ready before starting the application:
For 1st Loan : For Category A and B vendors:
Certificate of Vending
Certificate of Vending
Identity Card For Category C and D vendors
Identity Card For Category C and D vendors:
Letter of Recommendation KYC documents needed in addition…
Letter of Recommendation KYC documents needed in addition to CoV/ID/LoR :
Aadhaar Card
Aadhaar Card
Voter Identity Card
Voter Identity Card
Driving License
Driving License
MNREGA Card
MNREGA Card
PAN Card For the Letter of Recommendation
PAN Card For the Letter of Recommendation :
Copy of Account Statement/Passbook
Copy of Account Statement/Passbook
Copy of Membership Card/any other proof of membership
Copy of Membership Card/any other proof of membership
Any other document supporting the claim of being…
Any other document supporting the claim of being a vendor
Request letter addressed to the ULB For the…
Request letter addressed to the ULB For the Second Loan
Loan Closure Document
Loan Closure Document
2020-06-01
How to Apply
Online Application
Applicants can apply for PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) through the online application process outlined below.
Application Portal: Open Application Portal ↗
Go to https://pmsvanidhi.mohua.gov.in/ and select the "Log In"…
Go to https://pmsvanidhi.mohua.gov.in/ and select the "Log In" option on the homepage.
Key in your mobile number and the captcha,…
Key in your mobile number and the captcha, then click Request OTP.
Once logged in, choose the applicable "vendor category"…
Once logged in, choose the applicable "vendor category" from the options shown, and enter the mandatory "Survey Reference Number" (SRN).
After these basic details are entered, complete the…
After these basic details are entered, complete the online application form, attach the relevant documents, and submit it.
Note:
For clarification or a detailed step-by-step walkthrough, refer to the
User Manual
.
Queries can also be directed to the toll-free number 1800111979, available 9.30 AM to 6.00 PM, Monday to Saturday, excluding national holidays.
Contact Details:
Click here
.
Offline Application
Applicants can apply for PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) through the offline application process outlined below.
Review the information and documents needed to fill…
Review the information and documents needed to fill out the Loan application form (LAF) for the Scheme.
Gather all the necessary information before beginning the…
Gather all the necessary information before beginning the application process.
Make sure your mobile number is linked to…
Make sure your mobile number is linked to your Aadhaar number.
This linkage will be needed for e-KYC/Aadhaar validation…
This linkage will be needed for e-KYC/Aadhaar validation during the online application process.
It will also help in obtaining a Letter…
It will also help in obtaining a Letter of Recommendation from the ULB (where required).
It will further help you access future benefits…
It will further help you access future benefits under Government welfare schemes.
Verify your eligibility status against the scheme Rules
Verify your eligibility status against the scheme Rules.
You will fall under one of the 4…
You will fall under one of the 4 categories of Street vendors.
Check your status and the documents/information you will…
Check your status and the documents/information you will need to keep on hand.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.