PM SVANidhi Street Vendor Loan — Quick Overview
| Scheme Name | PM SVANidhi 2.0 — Rs 10,000-50,000 Loan to 60 Lakh Street Vendors | pmsvanidhi.mohua.gov.in |
| Launched By | Government of India |
| Launch Year | 2020 |
| Benefit | Loans Rs 10K→Rs 20K→Rs 50K with 7% interest subsidy + 1% cashback on digital transactions |
| Category | Employment |
| Last Verified | 1 May 2026 |
| Official Portal | https://pmsvanidhi.mohua.gov.in |
What is PM SVANidhi Street Vendor Loan?
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) provides affordable working capital loans to street vendors. Extended as PM SVANidhi 2.0, the scheme offers: 1st loan Rs 10,000, 2nd loan Rs 20,000, 3rd loan Rs 50,000 — all with 7% interest subsidy. Vendors who repay on time and use digital transactions get 1% cashback. Over 60 lakh loans sanctioned. Ministry of Housing and Urban Affairs implements via ULBs and microfinance institutions.
Under this scheme, eligible beneficiaries receive Loans Rs 10K→Rs 20K→Rs 50K with 7% interest subsidy + 1% cashback on digital transactions. The scheme was launched in 2020 and is implemented by the Government of India.
पीएम स्वनिधि योजना स्ट्रीट वेंडर्स (रेहड़ी-पटरी वाले) को किफायती कार्यशील पूंजी ऋण देती है। पहला लोन ₹10,000, दूसरा ₹20,000, तीसरा ₹50,000 — सभी पर 7% ब्याज सब्सिडी। समय पर चुकाने और डिजिटल भुगतान पर 1% cashback। 60 लाख से ज्यादा लोन मंजूर।
₹10,000→₹20,000→₹50,000 ऋण + 7% ब्याज सब्सिडी + डिजिटल भुगतान पर 1% cashback।
Benefits of PM SVANidhi Street Vendor Loan
Loans Rs 10K→Rs 20K→Rs 50K with 7% interest subsidy + 1% cashback on digital transactions
Who is Eligible for PM SVANidhi Street Vendor Loan?
- ✓Street vendors who were vending before March 24, 2020 (COVID lockdown date)
- ✓Must have: Certificate of Vending / Letter of Recommendation from ULB
- ✓Vendors identified in surveys conducted by Urban Local Bodies (ULBs)
Documents Required for PM SVANidhi Street Vendor Loan
How to Apply for PM SVANidhi Street Vendor Loan Online?
- 1Visit pmsvanidhi.mohua.gov.in and click 'Apply for Loan'
- 2Enter mobile number linked to Aadhaar — OTP verification
- 3Fill application form with vendor details
- 4Bank/MFI processes the loan — 1st loan Rs 10,000
- 5Repay on time (12 months) using digital payments for cashback
- 6After repayment, apply for 2nd loan (Rs 20,000) and 3rd loan (Rs 50,000)
Official Government Portal
Apply directly on the official government website. This is the only authorised portal — never pay anyone to apply on your behalf.
🔗Apply on pmsvanidhi.mohua.gov.inFrequently Asked Questions — PM SVANidhi Street Vendor Loan
📰 Latest News & Updates — PM SVANidhi Street Vendor Loan
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