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Government of India, Ministry of MSME
Government of India, Ministry of MSME

PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)

As a street vendor, you can get collateral-free loans up to Rs.10,000, with interest subsidies and cashback incentives.

Objective
  • To empower street vendors by extending loans, enabling their holistic development and economic upliftment.
Key Benefits
  • Collateral-free working capital loans up to INR 10,000 for 1-year tenure.
  • Loans available for approximately 50 lakh street vendors in urban/peri-urban areas.
  • Interest subsidy of 7% per annum on regular loan repayment.
  • Cashback of up to INR 1200 annually for prescribed digital transactions.
  • Eligibility for enhanced next tranche of loans with regular repayment.
Eligibility Criteria
  • The applicant should be a street vendor identified by the urban local body, with an identity card and letter of recommendation.
How to Apply / Office To Contact
How to Apply / Office To Contact

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