Finance & Loans
PM SVANidhi - Street Vendor Loan Scheme
Complete 2026 guide to PM SVANidhi: Working capital loans ₹10,000-50,000 for 62 lakh street vendors with 7% interest subsidy.
Last updated: 3/8/2026
Overview
Pradhan Mantri SVANidhi Yojana provides collateral-free working capital loans to street vendors affected by COVID. By 2026, ₹7,500 crore disbursed to 62 lakh vendors across 2,500 cities with digital lending via RuPay cards.
First loan ₹10,000 (1-year repayment), second ₹20,000, third ₹50,000 with 7% interest subsidy. Digital transactions earn cashback. Women vendors get priority. PM SVANidhi Se Sanman Portal tracks repayments and subsidy credits.
Who is Eligible?
- Street vendors in 2,500+ statutory towns
- Proof of vending pre-March 2020
- PM POSHAN/ICDS beneficiaries eligible
- Self-certification sufficient
- No NPA history
Documents Required
- Aadhaar Card (mandatory)
- Voter ID or DL
- Bank account passbook
- Vendor certificate from ULB
- 2 passport photos
How to Apply
- 1Step 1: Register at pmvansvidi.gov.in or ULB
- 2Step 2: Upload vending proof/self-certification
- 3Step 3: Lender verifies (7 days max)
- 4Step 4: Loan disbursed to bank account
- 5Step 5: Use RuPay card for digital payments
- 6Step 6: Get interest subsidy quarterly