PM SVANidhi Scheme 2026 – Up to ₹50,000 Collateral-Free Working Capital Loan for Micro Vendors
Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (MoHUA & SIDBI)
Flagship central government credit scheme providing affordable, collateral-free working capital micro-loans of ₹10,000, ₹20,000, and ₹50,000 with 7% interest subsidy (DBT) and up to ₹1,200 annual digital cashback incentives for street vendors, hawkers, and micro-retailers.
Who Can Apply?
Verified criteria and borrower eligibility guidelines set by the Government of India.
Urban & Peri-Urban Street Vendors
Vendors and hawkers operating in urban areas, town municipalities, and surrounding peri-urban or rural growth corridors.
Fruit, Vegetable & Food Sellers
Small traders vending fruits, vegetables, tea, snacks, packaged food, street cuisine, juice, and daily essentials.
Artisans & Small Service Providers
Cobblers, tailors, barbers, laundrymen, potters, handicraft makers, bookbinders, and flower sellers.
Holders of Vending ID / CoV
Vendors possessing a valid Certificate of Vending (CoV) or Identity Card issued by the Urban Local Body (ULB).
Surveyed Vendors with LoR
Vendors identified in the municipal town vending survey or possessing a Letter of Recommendation (LoR) from Town Vending Committee (TVC).
Micro-Retailers Seeking Formal Credit
Micro-business owners looking to build formal CIBIL credit scores and transition away from informal high-interest moneylenders.
Key Features
Core benefits, guarantees, and subsidy structures under this flagship program.
Tiered Graduated Loans
Progressive loan tranches: 1st tranche ₹10,000 (12 months), 2nd tranche ₹20,000 (18 months), and 3rd tranche ₹50,000 (36 months).
7% Direct Interest Subsidy
Government pays 7% interest subvention, credited directly to the vendor's bank account on a quarterly basis upon timely repayment.
No Collateral or Processing Fee
100% collateral-free loan backed by credit guarantee cover; no processing charges or penalty on pre-closure.
Monthly Digital Cashback
Earn monthly cash rewards up to ₹100 (₹1,200 annually) for conducting digital receipt collections and QR code transactions.
Paperless Digital Disbursal
End-to-end digital processing on the PM SVANidhi portal with rapid direct benefit bank disbursement within 48 to 72 hours.
SVANidhi Se Samriddhi Inclusion
Enrolment of vendor families into 8 central government socio-economic welfare schemes (PMJJBY, PMSBY, PM-JAY, Ration, etc.).
Scheme Benefits
Application Process
Vending Status & LoR Verification
Verify your Certificate of Vending (CoV) or generate a Letter of Recommendation (LoR) from your Urban Local Body / TVC.
Aadhaar & Bank Account Linkage
Ensure mobile number is linked to Aadhaar and active bank account enabled with UPI QR code.
Online Portal Filing
Submit online loan application on PM SVANidhi portal selecting preferred Lending Institution (PSB, RRB, NBFC-MFI, Cooperative).
Bank Approval & Sanction
Lending institution verifies municipal survey record and approves digital loan sanction.
Disbursement & Digital QR Setup
Loan funds credited to bank account; onboarding to BHIM / UPI QR soundbox for collecting digital transaction cashbacks.
Documents Required
Keep the following paperwork ready for instant verification and fast processing.
Frequently Asked Questions
Ready to Apply for PM SVANidhi & Access Up to ₹50,000 Working Capital?
Get complete assistance with municipal LoR validation, online portal filing, and digital cashback setup from Growthora.