Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) is a central government scheme launched on June 1st, 2020, to provide working capital loans of up to ₹10,000 to street vendors who have been affected by the COVID-19 pandemic. Under the scheme, street vendors in urban and peri-urban areas can avail of the benefits of a credit facility. 

Pm Svanidhi Loan Yojana apply online


Pm Svanidhi Loan Yojana 2023

The loan is repayable in monthly instalments, up to one year. There are no collateral requirements for availing of the scheme's benefits. The scheme aims to provide economic stability to street vendors and help them to emerge as self-reliant entrepreneurs. It also intends to facilitate their access to suitable financial services to expand their businesses.

Who is eligible for PM SVANidhi Yojana?

PM SVANidhi Yojana is a scheme launched by the Government of India to support small businesses in the informal sector. Eligibility criteria for PM SVANidhi Yojana are as follows:

Pradhan Mantri Kisan Maandhan Yojana 

Street vendors, hawkers, and the informal sector can apply online for Street vendors scheme.

  • The applicant must be a citizen of India and above the age of 18 years.
  • The applicant must have been in the vending business since or before March 24, 2020.
  • The applicant must possess a valid ID proof such as Aadhaar card, voter ID card, or a municipal identity card.
  • The applicant should not be a beneficiary of any other central government scheme such as PMAY, PMAY-G, etc.
  • The applicant must not own a permanent shop and must be vending goods on the street or from a pushcart, cycle or a handcart.
  • The applicant must have a certificate of vending issued by the concerned urban local body.
  • The applicant should have a bank account from which the loan amount can be deposited.

Pradhan Mantri Awas Yojana 

What is the interest rate of PM SVANidhi scheme?

The interest rate of PM SVANidhi scheme is 7%.

What are the benefits of SVANidhi Yojana?

I can provide you with some relevant information on the benefits of SVANidhi Yojana.

Pm SVANidhi loan yojana 2023 is a scheme launched by the Government of India with the aim of supporting street vendors who have been adversely affected by the COVID-19 pandemic. Here are some benefits of the SVANidhi scheme:

  • Financial assistance - 

Pm Svanidhi Loan Yojana 2023 scheme provides affordable working capital loans of up to Rs. 10,000 to street vendors. The loans are available at an interest rate of 7% per annum, and they have to be repaid within a period of 12 months.

  • Incentives for timely repayment - 

Street vendors who repay their loans on time can avail of a cashback of Rs. 1,200 per annum.

  • Digital empowerment -

Pm Svanidhi Loan Yojana 2023 scheme also provides digital training and upskilling to street vendors, helping them to expand their customer base and improve their income.

  • Financial inclusion - 

By providing financial assistance to street vendors, the scheme brings them into the formal banking system, facilitating their access to credit and other financial services.

  • Social security benefits - 

The scheme also provides street vendors with access to social security schemes such as Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), helping them to secure their livelihoods.


Pm Svanidhi Loan Yojana 2023


pm svanidhi loan yojana apply online

You can follow the steps mentioned below to apply online for Street vendors :

  • Visit the official website of PM Svanidhi loan: https://www.pmsvanidhi.mohua.gov.in/
  • Click on the "Apply for Loan" button.
  • On the new page, select your state and city.
  • Now after entering your mobile number, proceed by entering OTP.
  • Fill in the application form with all the required details, including personal information, business details, and bank account information.
  • Upload the necessary documents, such as Aadhaar card, business registration certificate, bank account statement, and others.
  • Review and verify all the information provided.
  • Submit the application and wait for approval.
  • The loan amount will be credited to your account after your application is approved. It is recommended to keep a track of your application status using the provided application number.

FAQ for pm svanidhi Yojana 

Q: PM SVANidhi Yojana Launch Date

Ans: 1st june 2020

Q: Who launch Pradhan Mantri Swanidhi Yojana

Ans: India's Prime Minister Shree Narendra Modi Ji

Q: How can apply for pm svanidhi loan yojna

Ans: You can apply from the official website of Swanidhi Yojana