Central
Up to ₹50L
PMEGP
Credit-linked subsidy of 15-35% for new micro-enterprises in manufacturing or services.
Central Government Scheme
· Active – PM SVANidhi 2.0 extended till 31 March 2030 · India
PM Street Vendor's AtmaNirbhar
Nidhi (PM SVANidhi)
PM SVANidhi gives urban street vendors collateral-free working capital loans starting at ₹10,000, rising to ₹20,000 and ₹50,000 in later cycles on timely repayment, along with an interest subsidy and digital payment cashback. Apply now in India with expert guidance from Varahii Consultancy.
Loan Cycle 1: ₹10,000
Loan Cycle 2: ₹20,000
Loan Cycle 3: ₹50,000
Interest Subsidy: 7% per annum, credited quarterly
Collateral: Not required
Status: Active – PM SVANidhi 2.0 extended till 31 March 2030
City: India
63.8 lakh+
Vendors Funded
₹9,152 Cr+
Loans Disbursed
7 %
Interest Subsidy
44 %
Women Beneficiaries
What is PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)?
PM SVANidhi gives urban street vendors collateral-free working capital loans starting at ₹10,000, rising to ₹20,000 and ₹50,000 in later cycles on timely repayment, along with an interest subsidy and digital payment cashback.
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) applicants in India typically face the same handful of avoidable rejection reasons. Our consultants in India flag these before you apply, not after a rejection.
Objective: To formalise street vendors' access to credit and help them restart and grow their micro-businesses after the disruption caused by the COVID-19 pandemic.
Who is this for in India?
Urban street vendors who were vending on or before 24 March 2020
Vendors with a Certificate of Vending or Identity Card from the Urban Local Body
Vendors identified in the ULB survey but not yet issued a certificate (covered via provisional Letter of Recommendation)
Vendors in peri-urban and census town areas under notified ULBs
Eligibility Criteria – India
To apply for PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) India, applicants must meet the following conditions:
Vendor Status: Must be an urban street vendor vending on or before 24 March 2020, in a state/UT that has notified rules under the Street Vendors (Protection of Livelihood) Act, 2014
Documentation: Holds a Certificate of Vending/Identity Card from the ULB, or is listed in the ULB's vendor survey, or has a Letter of Recommendation from the ULB/Town Vending Committee
Default History: Should not have any record of loan default with a bank or financial institution
Not Eligible: Purely rural vendors outside any notified Urban Local Body jurisdiction, Vendors who have permanently stopped vending or relocated to a different state without re-verification
Who is NOT Eligible
Purely rural vendors outside any notified Urban Local Body jurisdiction
Vendors who have permanently stopped vending or relocated to a different state without re-verification
Benefits for India Applicants
Eligible applicants India can receive the following benefits under PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi):
| Benefit | Details |
|---|---|
| First Loan | Working capital loan of ₹10,000, repayable within 12 months |
| Second Loan | ₹20,000, available after timely repayment of the first loan |
| Third Loan | ₹50,000, available after timely repayment of the second loan |
| Interest Subsidy | 7% per annum, credited quarterly directly to the borrower's bank account |
| Digital Cashback | Up to ₹1,200 per year cashback for using UPI/digital payments, plus ₹400/year for digital wholesale purchases |
| Rupay Card | UPI-linked RuPay credit card with a limit of up to ₹30,000 for vendors who repay the second loan successfully (PM SVANidhi 2.0) |
Documents Required
Keep the following documents ready before applying India. Having them prepared speeds up approval significantly.
Aadhaar card
Certificate of Vending / Vendor ID Card issued by the Urban Local Body (or Letter of Recommendation if not yet issued)
Mobile number linked to Aadhaar
Bank account in the applicant's own name
Passport-size photograph
Pro tip: Register on Udyam Portal before applying. It strengthens your application and may unlock additional MSME benefits.
How to Apply in India
Follow these steps to apply for PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) India:
Whether you're a first-time applicant or reapplying after a previous rejection, our team in India can guide you through every step of PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) — from checking the latest eligibility criteria to preparing documents in the exact format the sanctioning authority expects.
1
Confirm your vendor status
Check that you have a Certificate of Vending, are listed in the ULB survey, or hold a Letter of Recommendation.
2
Visit the ULB or Town Vending Committee office
Collect your Certificate of Vending if you don't already have one — this is the gateway document.
3
Apply online or at a bank branch
Register on pmsvanidhi.mohua.gov.in using your Aadhaar-linked mobile number, or visit a participating bank, MFI, or cooperative bank.
4
Submit the loan application
Fill in personal, vending, and bank details and upload self-attested documents.
5
Verification
The ULB verifies your vendor status and the lender conducts a basic KYC and credit check.
6
Loan disbursal
Once sanctioned, the loan amount is disbursed directly to your bank account.
Online Portal: You can apply directly at https://pmsvanidhi.mohua.gov.in/. Varahii's consultants can guide you through every step.
Coverage & Limits
| Parameter | Details |
|---|---|
| Loan Cycle 1 | ₹10,000, 12-month tenure |
| Loan Cycle 2 | ₹20,000, after timely repayment of cycle 1 |
| Loan Cycle 3 | ₹50,000, after timely repayment of cycle 2 |
| Collateral | Not required at any cycle |
Applying for PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) in India
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) is available to entrepreneurs and individuals across India. Whether you are based in the urban core or surrounding areas of India, you can approach any participating bank, NBFC, or Microfinance Institution to begin your application.
Varahii Consultancy has helped hundreds of applicants India successfully complete their PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) applications — from document preparation to follow-up with the sanctioning authority.
Varahii in India: Our local advisors understand the specific requirements of India branches and can help you choose the right lender or government office for faster processing.
Industry & Entrepreneurship Landscape in India
India's small-business economy is shaped in large part by trading, agro-processing, and small-scale manufacturing, sectors that account for a significant share of local MSME and entrepreneurial activity. Udyam registrations have grown steadily as more entrepreneurs formalise their businesses to access government schemes, priority-sector loans, and tender eligibility.
Among individual entrepreneurs in India, current trends show a growing share of women-led and first-generation entrepreneurs registering new micro-enterprises. This shift is directly relevant to PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) applicants, since lenders and sanctioning authorities increasingly favour Udyam-registered, formally documented businesses when reviewing applications.
Banking & credit access in India: Applicants typically work with SBI, regional rural banks, and a network of cooperative banks when applying for government-linked schemes, alongside NBFCs and microfinance institutions for smaller ticket sizes.
Why Varahii Is Among the Best PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Consultants in India
Choosing the right consultant for PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) in India can be the difference between a smooth approval and months of avoidable delay. Varahii Consultancy has built a reputation in India and across India for handling government scheme and MSME loan applications end-to-end — not just advising, but actively preparing documentation, tracking application status, and following up with the relevant department or bank until a decision is reached.
Specialised, up-to-date knowledge of PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) eligibility and documentation requirements in India
End-to-end application support — not just advice — from document prep to final follow-up
Familiarity with local banks, NBFCs, and government offices in India
Transparent process with no hidden fees and a free initial eligibility check
Varahii in India: If you're evaluating PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) options in India, our consultants can give you a realistic eligibility assessment before you commit any paperwork — most consultations start with a free review of your specific situation.
Important Dates
| Milestone | Date / Status |
|---|---|
| Scheme Launched | 1 June 2020 |
| Scheme 2.0 Extension | Extended till 31 March 2030 |
| Budget Allocation | ₹7,332 crore for the extended phase, targeting ~1.15 crore vendors |
Contact & Support
| Channel | Details |
|---|---|
| Helpline | 1800-11-1979 (toll-free, available in 8 languages) |
| Portal | pmsvanidhi.mohua.gov.in |
| Implementing Bodies | Urban Local Bodies (ULBs) and Town Vending Committees (TVCs) |
Frequently Asked Questions
₹10,000 in the first cycle, rising to ₹20,000 and then ₹50,000 in subsequent cycles, based on timely repayment of the previous loan.
No. All loan cycles under PM SVANidhi are completely collateral-free.
Urban street vendors who were vending on or before 24 March 2020 and hold (or are eligible for) a Certificate of Vending or Letter of Recommendation from their Urban Local Body.
The scheme is designed for urban and peri-urban street vendors under notified Urban Local Bodies; purely rural vendors outside any ULB jurisdiction are not covered.
A 7% per annum interest subsidy is credited directly to the borrower's bank account every quarter on timely repayment.
Related topics: street vendor loan micro-credit collateral-free digital payments MoHUA India
Ready to Apply for PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) in India?
Varahii's verified consultants handle everything — eligibility check, document preparation, application filing, and follow-up with India authorities. 100% free initial consultation.