PM SVANidhi gives street vendors collateral-free loans in 3 steps — ₹10,000, ₹20,000 and ₹50,000 — with 7% interest subsidy and digital cashback. Apply at pmsvanidhi.mohua.gov.in. Full 2026 guide.
PM स्वनिधि के तहत रेहड़ी-पटरी वालों को बिना गारंटी ₹10,000, ₹20,000 और ₹50,000 तक का लोन मिलता है — 7% ब्याज सब्सिडी के साथ। pmsvanidhi.mohua.gov.in पर आवेदन करें।
About this scheme
PM SVANidhi 2.0 — Rs 10,000-50,000 Loan to 60 Lakh Street Vendors | pmsvanidhi.mohua.gov.in
✅ Loans Rs 10K→Rs 20K→Rs 50K with 7% interest subsidy + 1% cashback on digital transactions
Full Scheme Details →📢 Latest Update — June 2026:
Under PM SVANidhi, street vendors who have repaid their first ₹10,000 and second ₹20,000 loans on time can now access the third working-capital loan of ₹50,000 — fully collateral-free. The 7% interest subsidy continues to be credited directly to borrowers' accounts, and vendors using UPI for daily sales keep earning monthly cashback. If you are a registered vendor or were identified in a survey, apply at pmsvanidhi.mohua.gov.in.
⚡ Key Facts at a Glance
The PM SVANidhi street vendor loan (PM Street Vendor's AtmaNirbhar Nidhi) is the central government's collateral-free working-capital loan scheme that helps street vendors and hawkers rebuild and grow their small businesses. The scheme works in three progressive steps: a first loan of ₹10,000, a second loan of ₹20,000 (available once the first is fully repaid), and a third loan of ₹50,000 (available once the second is repaid). For example, a vegetable seller in Lucknow who took ₹10,000, repaid it on time, then borrowed and repaid ₹20,000, can now qualify for a ₹50,000 loan to buy a cart, weighing scale and bulk stock — all without any collateral or guarantor.
What makes PM SVANidhi powerful in 2026 is the built-in reward system: a 7% interest subsidy is credited directly to the vendor's account, sharply reducing the real cost of borrowing, and vendors who accept payments digitally through UPI earn cashback of up to ₹100 per month. This article explains exactly who can apply, the documents you need, how to move from the ₹10,000 loan up to the ₹50,000 third loan, and what to do if your application is rejected or delayed.
Who is Eligible for the PM SVANidhi Street Vendor Loan — Complete Criteria 2026
- ✅ Street vendors and hawkers holding a Certificate of Vending issued by the Urban Local Body (ULB) or Town Vending Committee (TVC)
- ✅ Vendors registered with the ULB / Town Vending Committee even if the certificate is yet to be issued
- ✅ Vendors identified in a ULB survey but who were left out of the final list — they can apply using a Letter of Recommendation (LoR) from the ULB or TVC
- ✅ Vendors who started vending after the survey and are vending in the geographical area of the ULB — also eligible via Letter of Recommendation
- ✅ Eligible for the next step loan only after fully repaying the previous loan (₹10,000 → ₹20,000 → ₹50,000)
- ❌ NOT eligible: People who are not engaged in street vending / hawking
- ❌ NOT eligible: A vendor who has defaulted and not repaid the current loan cannot get the next higher loan
How to Apply for the PM SVANidhi ₹50,000 Loan — Step-by-Step 2026
- Open the portal or visit a bank: Go to pmsvanidhi.mohua.gov.in, or visit your bank branch, Common Service Centre (CSC), or your Urban Local Body (ULB) office. All four channels can process a PM SVANidhi application.
- Select the correct loan step: On the portal choose "Apply for Loan" and pick your tranche — 1st loan ₹10,000, 2nd loan ₹20,000, or 3rd loan ₹50,000. If you have repaid your second loan, select the 3rd loan (₹50,000) option.
- Verify your vendor identity: Enter your Certificate of Vending / Vendor ID, or, if you were left out of the survey, request and upload a Letter of Recommendation (LoR) from the ULB or Town Vending Committee.
- Complete Aadhaar e-KYC: Enter your 12-digit Aadhaar number linked to your mobile and verify with the OTP. Your mobile must be linked to Aadhaar for e-KYC to succeed — this is the single most common point of failure.
- Fill the loan form and bank details: Enter your business details and the bank account where the loan and the 7% interest subsidy should be credited. Make sure the account is active and your name matches Aadhaar.
- Submit and note your application ID: Submit the application and save the application/reference number sent by SMS. The lender verifies your details and disburses the approved loan amount directly to your bank account.
- Start digital payments for cashback: After the loan is disbursed, accept customer payments via UPI/QR. Regular digital transactions earn you monthly cashback of up to ₹100, and a good repayment + digital record helps you qualify for the next higher loan.
Documents Required
| Document | Purpose | Format |
|---|---|---|
| Aadhaar Card (mobile-linked) | Identity + e-KYC + subsidy DBT | UIDAI card / printout |
| Certificate of Vending / Vendor ID | Proof of registered street vendor | Issued by ULB / TVC |
| Letter of Recommendation (LoR) | For vendors left out of the survey | From ULB / Town Vending Committee |
| Bank Passbook | Loan disbursal + interest subsidy credit | Active, Aadhaar-linked account |
| Mobile Number | OTP verification + status updates | Linked to Aadhaar |
| Previous Loan Closure Proof | To unlock the next step loan | Repayment record with lender |
PM SVANidhi Loan Steps Compared — ₹10,000 vs ₹20,000 vs ₹50,000
| Loan Step | Loan Amount | Eligibility to Avail | Key Benefit |
|---|---|---|---|
| 1st Loan | ₹10,000 | First-time eligible vendor | 7% interest subsidy + collateral-free |
| 2nd Loan | ₹20,000 | After repaying the 1st loan | 7% interest subsidy + higher capital |
| 3rd Loan | ₹50,000 | After repaying the 2nd loan | 7% interest subsidy + largest working capital |
| Digital Reward | Up to ₹100/month | Any vendor using UPI/QR | Monthly cashback for digital sales |
| Interest Benefit | 7% subsidy | On-time repayment | Subsidy credited directly to account |
Important Dates & Deadlines 2026
- 📅 Applications: Open year-round — there is no fixed last date to apply
- 📅 1st Loan (₹10,000): Apply anytime once your vendor identity / LoR is in place
- 📅 2nd Loan (₹20,000): Apply immediately after the 1st loan is fully repaid
- 📅 3rd Loan (₹50,000): Apply once the 2nd loan is fully repaid
- 📅 Interest Subsidy: 7% credited to the account through the loan tenure on regular repayment
- 📅 Cashback: Up to ₹100 per month, ongoing, for digital (UPI) transactions
Frequently Asked Questions — PM SVANidhi Street Vendor Loan
Q: My PM SVANidhi loan amount has not been credited to my account — what should I do?
First confirm with the lending bank that your application was approved and disbursed, and that your bank account is active and Aadhaar-linked with a matching name. If the bank confirms disbursal but the money has not arrived, raise it with the branch using your application/reference number, or call the PM SVANidhi helpline 1800-11-1979. You can also follow up through your ULB office or the CSC where you applied.
Q: How do I check my PM SVANidhi loan status online?
Visit pmsvanidhi.mohua.gov.in, log in with your registered mobile number and OTP, and open your application dashboard to see whether it is pending verification, approved, or disbursed. You can also ask at the bank branch, CSC, or ULB office where you applied, quoting your application/reference number.
Q: My PM SVANidhi application was rejected — how do I fix it and reapply?
Ask the lender or your ULB for the exact reason. Common causes are incomplete e-KYC (mobile not linked to Aadhaar), a missing Certificate of Vending or Letter of Recommendation, or an outstanding previous loan. Fix the specific issue — update your Aadhaar-linked mobile, obtain the LoR from the ULB / Town Vending Committee, or clear the pending loan — and then reapply on the portal or through your bank.
Q: I got a smaller loan than expected — how do I move up to the ₹50,000 third loan?
PM SVANidhi is a step-up scheme. You start with the ₹10,000 first loan, and only after fully repaying it can you take the ₹20,000 second loan. After repaying the ₹20,000 loan, you become eligible for the ₹50,000 third loan. Repay each loan on time, keep your digital transaction record strong, and apply for the next step on the portal or at your bank.
Q: My e-KYC / Aadhaar OTP is pending and I cannot complete the application — what now?
The OTP for e-KYC is sent to the mobile number linked with your Aadhaar. If you do not receive it, your mobile is probably not linked or is outdated in Aadhaar records. Visit the nearest Aadhaar enrolment/update centre, link your current mobile number, and then retry the e-KYC on pmsvanidhi.mohua.gov.in. A CSC operator can also help you complete the e-KYC.
Q: I am a new vendor without a vending certificate — can I still apply?
Yes. PM SVANidhi is designed to be inclusive. If you do not yet have a Certificate of Vending but were identified in a ULB survey, or you started vending after the survey within the ULB area, you can apply using a Letter of Recommendation (LoR) issued by the Urban Local Body or Town Vending Committee. Approach your ULB / TVC to obtain the LoR, then apply on the portal, at a bank, or via a CSC.
Q: Does PM SVANidhi work the same way in every state and city?
PM SVANidhi is a central scheme implemented through Urban Local Bodies across all states and union territories, so the loan steps (₹10,000 → ₹20,000 → ₹50,000), the 7% interest subsidy and the digital cashback are uniform nationwide. What varies locally is the issuing authority for your Certificate of Vending or Letter of Recommendation — that is handled by your city's ULB or Town Vending Committee. The application portal and helpline are the same everywhere.
Q: How do I file a complaint or grievance about my PM SVANidhi loan?
Start with the PM SVANidhi helpline 1800-11-1979 and your lending bank branch, quoting your application/reference number. You can also raise the issue through your Urban Local Body, which implements the scheme. For unresolved grievances, file a complaint on the central public grievance portal at pgportal.gov.in under the Ministry of Housing and Urban Affairs (PM SVANidhi).
Helpline Numbers & Grievance Portal
- 📞 PM SVANidhi Helpline: 1800-11-1979 (toll-free)
- 🌐 Official Portal: pmsvanidhi.mohua.gov.in
- 🌐 Grievance: pgportal.gov.in → Ministry of Housing and Urban Affairs → PM SVANidhi
- 🏢 In person: Your bank branch, nearest CSC, or Urban Local Body (ULB) office
If you also run or want to expand a small business, compare PM SVANidhi with the PM Mudra Yojana for larger loans, read the full PM SVANidhi scheme details, browse more central government schemes, or see all our government scheme articles.
📋 संक्षिप्त जानकारी (हिंदी में)
PM स्वनिधि योजना के तहत रेहड़ी-पटरी और स्ट्रीट वेंडर्स को बिना किसी गारंटी के तीन चरणों में लोन मिलता है — पहला ₹10,000, दूसरा ₹20,000 (पहला चुकाने के बाद) और तीसरा ₹50,000 (दूसरा चुकाने के बाद)। समय पर भुगतान करने पर खाते में 7% ब्याज सब्सिडी आती है और UPI से लेनदेन करने पर हर महीने ₹100 तक कैशबैक मिलता है। पात्र वे वेंडर हैं जिनके पास वेंडिंग सर्टिफिकेट है या जो ULB/टाउन वेंडिंग कमेटी में पंजीकृत हैं; सर्वे में छूटे वेंडर सिफारिशी पत्र (LoR) से आवेदन कर सकते हैं। आवेदन pmsvanidhi.mohua.gov.in, बैंक या CSC/ULB से करें। हेल्पलाइन: 1800-11-1979।
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