§1Who it is for

  • Street vendors with a Certificate of Vending/ID or identified in ULB survey

Useful if

Street vendors needing small working capital loans

Do not spend time on it if

Shops and non-vending businesses

§2Eligibility

  1. Street vendors in possession of Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs).
  2. The vendors, who have been identified in the survey but have not been issued Certificate of Vending / Identity Card.
  3. Street Vendors left out of the ULB-led identification survey or who have started vending after completion of the survey and have been issued a Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC).
  4. The vendors of surrounding development/ peri-urban/rural areas vending in the geographical limits of the ULBs, who have been issued a Letter of Recommendation (LoR) to that effect by the ULB / TVC.

§3Benefits

Working Capital Loan

  • 1st Tranche: Loan up to ₹15,000/-; repayment within 12 months.
  • 2nd Tranche: Loan up to ₹25,000/-; repayment within 18 months.
  • 3rd Tranche: Loan up to ₹50,000/-; repayment within 36 months.
  • Next tranche available on timely or early repayment.
  • No prepayment penalty on early repayment.

Interest Subsidy

  • Subsidy at 7% per annum on loan amount.
  • Credited quarterly to beneficiary’s bank account.
  • Applicable only for standard (non-NPA) accounts.
  • Valid up to 31st March 2033.

Digital Transaction Cashback

  • Cashback up to ₹100/- per month for digital transactions.

Credit Guarantee Support

  • 31.87% guarantee cover for 1st tranche loan.
  • 8.25% guarantee cover for 2nd tranche loan.

§4Norms — pattern of assistance

  1. 1st Tranche: Loan up to ₹15,000/-; repayment within 12 months.
  2. 2nd Tranche: Loan up to ₹25,000/-; repayment within 18 months.
  3. 3rd Tranche: Loan up to ₹50,000/-; repayment within 36 months.
  4. Subsidy at 7% per annum on loan amount.
  5. Valid up to 31st March 2033.
  6. Cashback up to ₹100/- per month for digital transactions.
  7. 31.87% guarantee cover for 1st tranche loan.
  8. 8.25% guarantee cover for 2nd tranche loan.
  9. 6% guarantee cover for 3rd tranche loan.
  10. Initial credit limit of ₹10,000/-; extendable up to ₹30,000/-.
  11. Validity of 5 years.

§5Documents

Tick each one as you get it ready.

For Category A and B vendors

For Category C and D vendors

§6How to apply

  1. 1

    [Online] Step 1: Visit https://pmsvanidhi.mohua.gov.in/ and click on the "Log In" button on the homepage.

  2. 2

    Step 2: Enter Mobile number and captcha. Click request OTP.

  3. 3

    Step 3: After successful login, select valid "vendor category" among the available options. Enter "Survey Reference Number" (SRN) which is mandatory.

  4. 4

    Step 4: On entering these basic details, fill the application form online, upload the relevant documents and submit.

  5. 5

    Note: For any kind of clarification and access detailed stepwise process, refer User Manual.

  6. 6

    Note: For any query one can call on the toll free number i.e 1800111979 between 9.30 AM to 6.00 PM on Monday to Saturday except national holidays.

  7. 7

    Note: Contact Details: Click here.

  8. 8

    [Offline] Step 1: Understand the information documents required to fill out the Loan application form (LAF) for the Scheme.

  9. 9

    Step 2: Keep all the information ready before you start the application process.

  10. 10

    Step 3: Ensure the mobile phone is linked to the Aadhaar number.

  11. 11

    Step 4: This will be required for e-KYC/Aadhaar validation during online application process.

  12. 12

    Step 5: It will also help you to get a letter of Recommendation from ULB (in case required).

§7Pros and cons

Merits

  • Collateral-free loans ₹15,000 then ₹25,000 then ₹50,000
  • Interest subsidy 7% p.a.; no prepayment penalty

Demerits

  • Next tranche only after timely repayment
  • Small ticket sizes

→Related schemes

Need help with PM SVANIDHI?

Eligibility check, DPR and application file — ask us on WhatsApp.

WhatsApp usServices

Our interestHelp is our paid service. You can also apply for the scheme yourself.

Sources

  1. myScheme — PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
  2. Guidelines
  3. FAQs
  4. Offline Application Form
  5. Check Application Status
  6. User Manuals For Applicant
  7. Pre-Application Steps
  8. Helpdesk
  9. Application Submission/Log In

Checked on 18 October 2026. For information only — confirm with the department or bank. Spotted a mistake? Report it.