PM SVANidhi (Loans for Street Vendors)
PM SVANidhi gives street vendors small working-capital loans without collateral: ₹15,000 first, then ₹25,000 and ₹50,000 as you repay, with a 7% interest subsidy and cashback for digital payments. The scheme has been extended until March 2030.
What is PM SVANidhi?
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) is run by the Ministry of Housing and Urban Affairs. In August 2025 the Union Cabinet restructured it and extended lending until 31 March 2030, with bigger loans and a new credit card.
Benefits
| Loan | Amount | When |
|---|---|---|
| 1st | Up to ₹15,000 | Any eligible vendor |
| 2nd | Up to ₹25,000 | After repaying the 1st loan |
| 3rd | Up to ₹50,000 | After repaying the 2nd loan |
- No collateral needed.
- 7% interest subsidy for paying on time or early.
- Cashback for using digital (UPI) payments in your business.
- A UPI-linked RuPay credit card for vendors who have repaid the 2nd loan (launched January 2026).
Who can apply?
- Street vendors selling goods or services in towns and cities, including seasonal and mobile vendors. Coverage is being extended to census towns and peri-urban areas.
- Should have a Certificate of Vending / ID card from the urban local body (municipality), or a Letter of Recommendation from the municipality or Town Vending Committee if not yet identified.
Documents usually needed
- Aadhaar (linked to mobile)
- Vending certificate / ID card, or Letter of Recommendation
- Bank account details
How to apply
- Apply online on the PM SVANidhi portal, or at a CSC, or through your municipality office.
- Choose a bank or lender and submit the application with Aadhaar eKYC.
- After approval, the loan is credited to your account. Repay in monthly instalments to unlock the next, bigger loan.
Frequently asked questions
How much loan does PM SVANidhi give?
₹15,000 first, then ₹25,000 after repaying, and then ₹50,000. No collateral is needed.
Is PM SVANidhi still open?
Yes. In August 2025 it was extended until 31 March 2030.
What is the interest subsidy?
7% interest subsidy for vendors who repay on time or early.
Who can apply for PM SVANidhi?
Street vendors in urban areas with a vending certificate or ID from the municipality, or a Letter of Recommendation.
What is the SVANidhi credit card?
A UPI-linked RuPay credit card for vendors who have repaid their second loan, launched in January 2026.
Sources
- PIB: PM SVANidhi – advancing financial inclusion (May 2026, PDF)
- PIB: Improvement under PM SVANidhi
- MoHUA: PM SVANidhi guidelines (2026, PDF)