Not yet classifiedPRADH
PM SVANidhi (Street Vendor Loan)
Collateral-free working capital loan of ₹10,000 to ₹50,000 for street vendors, with a 7% interest subsidy on timely repayment and digital cashback incentives.
NOTICE
This service is free. We will never ask for payment. If anyone offers to apply on your behalf for a fee, they are not us.
Learn more →Ready to apply?
₹10,000 – ₹50,000
Add to my roadmapBuild a step-by-step plan tailored to your profile
Apply on official portalOpens the official portal · We never charge
Official fee
₹0 — completely free
Applying to PM SVANidhi is free. No application fees exist. Approved lending institutions disburse the exact amount without deductions.
Beware of lookalike portals
Submit applications only at pmsvanidhi.mohua.gov.in or through registered CSC kiosks. Do not pay agents demanding cash up-front.
Only the "Apply on official portal" button above leads to the verified government site.
Highlights and Media
Key Highlights
Progressive Credit Slabs
Borrow ₹10k initially, progressing to ₹20k and ₹50k in subsequent cycles.
7% Interest Subsrun
Annual interest subsidy of 7% credited directly into bank account on timely repayment.
Digital Cashback Rewards
Earn up to ₹1,200 annually as cashback for performing digital UPI transactions.
SVANidhi Loan Cycle Progression
Upgrading to larger loan amounts upon successful repayment of the previous cycle
Cycle 1 Loan
₹10,000Initial 12-month working capital loan. Unlocks Cycle 2 upon repayment.
Cycle 2 Loan
₹20,000Second tranche loan. Unlocks Cycle 3 upon timely repayment.
Cycle 3 Loan
₹50,000Highest working capital tranche available under the scheme.
Who is eligible
- Operating street vendor or micro-enterprise
- Indicated a need for working capital credit
Eligibility rules · v1 · effective 1 January 2020
Who is not eligible
- Add 'Get credit' to your goals to see this micro-credit scheme.
- PM SVANidhi is for active, operating street vendors.
How to apply
Acquire Letter of Recommendation or Certificate
Ensure you have a Certificate of Vending or obtain a Letter of Recommendation from your local Urban Local Body.
Typical duration · 3 days
Apply on the PM SVANidhi Portal
Submit application online with Aadhaar and mobile number. Select your preferred lender.
Typical duration · 1 day
Verify and Disburse
Lending bank verifies your details and street vending record, then disburses ₹10,000 loan into your account.
Typical duration · 7 days
Sources
- PM SVANidhi Portal, Ministry of Housing and Urban AffairsMINISTRY_PORTAL · Fetched 5 July 2026
Additional Details
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) is a micro-credit scheme launched by the Ministry of Housing and Urban Affairs (MoHUA) to support street vendors. It provides access to affordable, collateral-free working capital loans.
The loan is disbursed in cycles: starting with up to ₹10,000 in the first cycle (12-month tenure), upgrading to ₹20,000 in the second cycle, and up to ₹50,000 in the third cycle upon successful repayment of the previous loan. Vendors receive a 7% annual interest subsidy credited directly to their bank account for timely repayments, and monthly cashbacks for using digital transaction platforms like UPI.
Applying is free. Street vendors can apply directly through the official PM SVANidhi portal or through a Common Service Centre (CSC). No agent or middleman should charge you for this loan application.
Related / Stackable schemes
MSME
Udyam Registration (MSME)
Free, online MSME registration — the foundation for CGTMSE, CLCSS, MUDRA, GeM seller, TReDS, and dozens of MSME-only benefits.
Finance·₹5,00,000 – ₹10,00,000
MUDRA Tarun (₹10 lakh business loan)
Collateral-free business loan up to ₹10 lakh for established non-farm enterprises — disbursed via banks under the Pradhan Mantri MUDRA Yojana (PMMY).