PM SVANidhi Yojana 2025: The Government of India has launched several welfare schemes for small businesses and self-employed individuals, but one of the most impactful for street vendors is the PM SVANidhi Yojana. Officially known as the Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi, this scheme empowers street vendors to avail loans up to ₹50,000 without any collateral.
If you run a cart, hawker stall, or any roadside setup, this scheme could be your ticket to financial stability and business growth. Here’s everything you need to know.
PM SVANidhi Yojana 2025
| Point | Details |
|---|---|
| Scheme Name | PM SVANidhi Yojana |
| Launch Year | 2020 |
| Loan Amount | ₹10,000 → ₹20,000 → ₹50,000 |
| Collateral | Not Required |
| Apply | pmsvanidhi.mohua.gov.in |
Objective of PM SVANidhi Yojana
The main objective of the PM SVANidhi Yojana is to empower small businesses and street entrepreneurs by providing them with financial assistance.
This scheme helps them become self-reliant and increases the possibilities of employment generation at the grassroots level.
Under the PM SVANidhi Scheme, small vendors and entrepreneurs receive loans and effective support to grow their businesses.
If these small traders perform well, they may even get opportunities to participate in finance and investment conferences in the future — allowing them to raise capital and expand their ventures.
The Government of India launched this scheme to promote the development of small businesses and strengthen the informal sector economy.
Key Benefits of PM SVANidhi Yojana
- Low-Interest Loans
Entrepreneurs get affordable working capital loans, helping in business growth. - Financial Empowerment
The scheme strengthens small businesses by offering direct financial support. - Employment Generation
Encourages new entrepreneurs and creates job opportunities in local markets. - Stronger Bank Relations
Banks provide loans, building trust and stronger ties with small businesses. - Training & Guidance
Vendors receive training and mentorship to improve operational efficiency.
Eligibility Criteria
To benefit from the PM SVANidhi scheme, you must:
- Be a street vendor operating on or before 24 March 2020.
- Have a Certificate of Vending or Vendor ID Card issued by the local municipality.
- If unavailable, a Letter of Recommendation from the Urban Local Body (ULB) will also be accepted.
- Applicable to vendors in urban, semi-urban, and rural towns covered under ULBs.
Documents Required
To apply, you will need:
- Aadhaar Card
- Mobile Number linked with Aadhaar
- Bank Passbook (with IFSC code)
- Vendor ID/Certificate or Letter of Recommendation
- Passport-size Photo
How to Apply Online for PM SVANidhi Yojana?
Step-by-Step Process:
- Visit the official portal: https://pmsvanidhi.mohua.gov.in
- Click on “Apply for Loan”
- Enter your mobile number and complete OTP verification
- Fill in the required details and upload scanned documents
- Submit your application for verification and approval
Once submitted, your application will be processed by banks or lending institutions tied with the scheme.
| Official Portal | View |
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