Empower Your Street Business with the PM SVANidhi Scheme

Get collateral-free working capital loans of up to ₹50,000 under the Government of India's PM SVANidhi Scheme. Enjoy interest subsidies, digital transaction rewards, and higher loan limits with timely repayments.

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BENEFITS

Everything You Get with PM SVANidhi

From collateral-free loans and interest subsidies to digital rewards and higher borrowing limits, PM SVANidhi helps street vendors grow their businesses with confidence.

Collateral-Free Loan

Get working capital loans without pledging any security or assets.

Loan up to ₹50,000

Start with ₹10,000 and become eligible for ₹20,000 and ₹50,000 through timely repayments.

7% Interest Subsidy

Receive an annual interest subsidy of 7% on prompt loan repayments.

Digital Transaction Cashback

Earn monthly cashback incentives for making eligible digital transactions.

Higher Loan Eligibility

Responsible borrowers qualify for larger loan amounts in subsequent loan cycles.

One-Year Repayment Tenure

Convenient repayment period designed to support small business cash flow.

Collateral-Free Loan

Get working capital loans without pledging any security or assets.

Loan up to ₹50,000

Start with ₹10,000 and become eligible for ₹20,000 and ₹50,000 through timely repayments.

7% Interest Subsidy

Receive an annual interest subsidy of 7% on prompt loan repayments.

Digital Transaction Cashback

Earn monthly cashback incentives for making eligible digital transactions.

Higher Loan Eligibility

Responsible borrowers qualify for larger loan amounts in subsequent loan cycles.

One-Year Repayment Tenure

Convenient repayment period designed to support small business cash flow.

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ELIGIBILITY

Check If You're Eligible for PM SVANidhi

Street vendors with a valid Certificate of Vending or Identity Card issued by Urban Local Bodies (ULBs).

Vendors identified in official ULB surveys, even if they have not yet received a Certificate of Vending.

Street vendors holding a Letter of Recommendation (LoR) issued by the ULB or Town Vending Committee (TVC).

Vendors who started vending after the official survey and possess a valid Letter of Recommendation.

Vendors operating in nearby peri-urban or rural areas within ULB limits with an approved Letter of Recommendation.

Applicants must be engaged in eligible street vending activities within the designated urban area.

Street vendors with a valid Certificate of Vending or Identity Card issued by Urban Local Bodies (ULBs).

Vendors identified in official ULB surveys, even if they have not yet received a Certificate of Vending.

Street vendors holding a Letter of Recommendation (LoR) issued by the ULB or Town Vending Committee (TVC).

Vendors who started vending after the official survey and possess a valid Letter of Recommendation.

Vendors operating in nearby peri-urban or rural areas within ULB limits with an approved Letter of Recommendation.

Applicants must be engaged in eligible street vending activities within the designated urban area.

FAQ

Frequently Asked Questions for PM SVANidhi

What is the PM SVANidhi Scheme?

PM SVANidhi is a Government of India initiative that provides collateral-free working capital loans to eligible street vendors to help them start, resume, or expand their businesses.

How much loan can I receive under PM SVANidhi?

Is collateral required for this loan?

Who is eligible to apply?

What are the benefits of timely repayment?

Are there any rewards for digital payments?

Which institutions provide PM SVANidhi loans?

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