PM SVANidhi Yojana: The Government of India has launched a special scheme for small vendors, hawkers, and street sellers — PM SVANidhi Yojana(Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi Scheme). Under this initiative, small vendors can avail of loans ranging from ₹10,000 to ₹50,000 without any collateral or guarantee.
What is PM SVANidhi Yojana?
The scheme was introduced in June 2020 to help small vendors and hawkers who lost their income during the COVID-19 lockdown. The government launched it to provide financial assistance and help them restart their businesses.
Key Features of the Scheme
- Scheme Name: Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
- Launch Year: June 2020
- Loan Amount: ₹10,000 to ₹50,000 (in three phases)
- Interest Subsidy: 7% per annum (credited directly to the beneficiary’s bank account via DBT)
- Beneficiaries: Street vendors, hawkers, small shopkeepers
- Repayment Period: 12 months
- Official Website: pmsvanidhi.mohua.gov.in
Benefits of PM SVANidhi Scheme
- Collateral-Free Loans: No need for security or guarantee.
- Interest Subsidy: 7% annual subsidy directly deposited into the beneficiary’s bank account.
- Higher Loan Eligibility on Timely Repayment: After successful repayment of the first loan, the next loan amount increases to ₹20,000 and then ₹50,000.
- Cashback on Digital Transactions: Cashback between ₹50 to ₹100 for digital payments using QR codes or UPI.
- Economic Empowerment: Helps small traders rebuild their businesses and become financially self-reliant.
Eligibility Criteria
- Individuals who were engaged in street vending before March 24, 2020.
- Vendors from both urban and rural areas are eligible.
- Must possess a Certificate of Vending issued by the local municipality.
- Those without a certificate can apply with a Letter of Recommendation from the urban local body.
Loan Repayment and Benefits
The loan repayment period is 12 months. Vendors who repay on time become eligible for a higher loan amount.
- First Loan: ₹10,000
- Second Loan: ₹20,000 (after timely repayment)
- Third Loan: ₹50,000 (after successful completion of the second loan)
This progressive structure encourages honest and timely repayment while supporting business growth.
How to Apply for PM SVANidhi Yojana
- Visit the official website – pmsvanidhi.mohua.gov.in.
- Click on “Apply Loan” and fill out the online application form.
- Upload the required documents:
- Aadhaar Card
- Bank Passbook
- Voter ID
- Certificate of Vending or Recommendation Letter
- After verification, the bank will sanction the loan, and the amount will be credited directly to your account.
Loan Structure
- 1st Phase: ₹10,000 (repayment within 12 months)
- 2nd Phase: ₹20,000 after timely repayment
- 3rd Phase: ₹50,000 after successful completion of the second loan
Digital Payment Rewards
The government promotes digital transactions among small vendors. By accepting payments through QR codes, UPI, or other digital modes, vendors can earn cashback rewards of ₹50 to ₹100 per month. Digital payments also help build transaction history, which makes it easier to get future loans.
Impact of PM SVANidhi Yojana in Gujarat
Thousands of small vendors across Gujarat — including cities like Ahmedabad, Surat, Vadodara, Rajkot, Bhavnagar, and Junagadh — have benefited from this scheme. Many hawkers and street vendors restarted their businesses successfully with the help of collateral-free loans under PM SVANidhi.
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Conclusion
PM SVANidhi Yojana 2025 has become a game-changer for small traders and street vendors. It provides a second chance for millions to rebuild their livelihoods and achieve financial independence. If you are a hawker, street vendor, or small shopkeeper looking to expand or restart your business, this government scheme offers a golden opportunity — apply today and secure your future.