The PMSVANidhi scheme was launched by the Government of India to empower street vendors by offering them access to affordable working capital loans. It’s part of the Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign) and is designed to provide financial stability to street vendors who often face challenges in accessing formal credit.

  • The Street vendors/Hawkers who repaid loan of Rs. 10000/- (1st Tranche) and Rs. 20000/- (2nd Tranche) of working capital loan under PM SVANidhi Scheme.
  • The Loans which are settled by CGTMSE, are not eligible for the 2nd & 3rd
Features & Benefits

Minimum amount of Rs. 30,000/- and Maximum of Rs. 50,000/-(3rd Tranche)

Financial support to Street Vendors

Empowers street vendors

No collateral/Security/Surety/guarantee required.

Quick approval & Disbursal

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    1. What is PM SVANidhi?

    PM SVANidhi is a special micro-credit facility scheme launched by the Government of India to provide affordable working capital loans to street vendors, to help them resume their livelihoods that have been adversely affected by the COVID-19 pandemic.

    2. Who is eligible for PM SVANidhi?

    Street vendors in urban areas, who were vending on or before March 24, 2020, are eligible to apply for PM SVANidhi. They should possess a valid vending certificate and be able to provide a letter of recommendation from the Urban Local Body (ULB).

    3. What is the loan amount offered under PM SVANidhi?

    Street vendors can avail of a working capital loan of up to ₹10,000, which is repayable in monthly installments.

    4. What is the interest rate for PM SVANidhi loans?

    The interest rate for PM SVANidhi loans is subsidised. The interest subsidy of 7% per annum is credited to the bank accounts of beneficiaries on a quarterly basis.

    5. What is the repayment period for PM SVANidhi loans?

    The loan under PM SVANidhi is repayable in monthly installments within one year of the loan being sanctioned.