PM SVANidhi
PM Street Vendor's AtmaNirbhar Nidhi
Collateral-free working capital loans for street vendors, with interest subsidy and digital payment rewards.
- Loan amount
- Up to ₹50,000
- Tranches
- 3 tranches
- Interest subsidy
- 7% on timely repayment
- Run by
- Ministry of Housing & Urban Affairs
About PM SVANidhi
PM SVANidhi gives urban street vendors access to affordable working capital loans without collateral. Loans are released in three tranches, with a higher amount available after timely repayment of the previous tranche.
Vendors who repay on time receive a 7% interest subsidy, and digital transactions earn cashback, encouraging vendors to build a formal credit history.
Key benefits
- Collateral-free working capital for street vendors
- Higher loan in each tranche on timely repayment
- 7% interest subsidy credited to the account
- Cashback incentives for digital transactions
- Builds a credit history for future loans
Who is eligible
- Street vendor operating in an urban or peri-urban area
- Certificate of Vending or identity card from the Urban Local Body
- Or a Letter of Recommendation from the ULB or Town Vending Committee
- Aadhaar-linked bank account and mobile number
Documents required
- Aadhaar card
- Certificate of Vending, vendor ID or Letter of Recommendation
- Bank account details
- Voter ID or other address proof (if required)
How Vertex helps with PM SVANidhi
- 1Eligibility checkWe review your business profile against the scheme rules and related state incentives.
- 2Documents & project reportWe prepare the DPR, financials and registrations such as Udyam, GST and FSSAI.
- 3Application & lender liaisonWe file the application and coordinate with banks, NBFCs and agencies.
- 4Sanction & follow-upWe follow up until sanction, disbursement and any subsidy release.
Frequently asked questions
No. The loan is collateral-free and does not require a guarantor.
The next tranche is available once the previous loan is repaid, and timely repayment is required to qualify.
Scheme limits, subsidy rates and timelines are indicative and subject to the latest government guidelines and lender policies. Vertex Certification is a private consultancy and is not affiliated with any government body.
Related schemes
View all schemesMudra Loan
Collateral-free loans up to ₹20 Lakh for small businesses in manufacturing, trading and services.
View schemeStand-Up India
Bank loans from ₹10 Lakh to ₹1 Crore for SC/ST and women entrepreneurs starting a greenfield enterprise.
View schemePMEGP
Credit-linked subsidy of 15% to 35% for setting up new micro enterprises in manufacturing and services.
View scheme