To formalise the statements and open up new opportunities for these sectors to move up the economic ladder, the Ministry of Housing and Urban Affairs (MoHUA) has introduced a new scheme known as “PM SVANidhi Yojana 2025” to provide hand-holding support to street vendors by providing a working capital collateral-free loan with a subsequent loan at interest subsidy. This scheme was first introduced on 1st July 2020 by the Ministry of Housing and Urban Affairs, Government of India to facilitate working capital by offering collateral free loans at subsidized interest rate to restart their business, also promoting the use of digital transactions among street vendors and encourage them to adopter digital transactions cashback of up to Rs 100 per month is given to street vendors.
By offering this scheme, the government aims to ensure the availability of goods and services at affordable rates at the doorsteps of the city dwellers, including hawkers, thelewala telepathwala, etc, in different areas. If you are a resident or a state vendor by occupation and wish to avail the benefits of this scheme by applying for it online so you don’t have to worry about that because in this article you will find all relevant and related details regarding the PM SVANidhi, so keep connected with this article till and to know all about this scheme including eligibility documents and last but not the least process of online application.
About PM SVANidhi Yojana 2025
The “PM SVANidhi” is a central sector micro credit scheme designed by the Central Government along with the Ministry of Housing and Urban Affairs for street vendors of the country, enabling them to formalise their occupations and open up new opportunities in this sector to move up the economic ladder. Under the scheme, the government provides financial assistance of up to Rs 10,000 to eligible street vendors, helping them to restart or expand their own business in the country without any trouble.
In this scheme, the government will also provide loans at a minimum interest rate of 7% making it easier for all the small vendors to repay the loan within the specified timeline, within one year of availing it from the government. This scheme primarily targets those who are severely affected by the COVID-19 pandemic.
Helpful Summary of Prime Minister’s Street Vendor’s AtmaNirbhar Nidhi Scheme 2025
| Scheme Name | PM SVANidhi Yojana 2025. |
| First Launched On | 1st July 2020. |
| Leading Ministry | Ministry of Housing and Urban Affairs (MoHUA). |
| Governed by | Central Government of India. |
| Year | 2025-26. |
| Objective | To facilitate street vendors across affordable working capital loans for resuming their livelihood activities after the easing of lockdown. |
| Initial Working Capital Loan | Up to Rs 10,000 |
| Interest Rate | 7%. |
| Monthly Cashback Amount | Rs 100. |
| Special Focus | Street Vendors Who Are Severely Affected by the COVID-19 Pandemic. |
| Processing Fee | Not Available. |
| Loan Repayment Period | 1 Year. |
| Mode of Repayment | In the form of Monthly Installments. |
| Scheme Type | AtmaNirbhar Nidhi Scheme for Street Vendors. |
| Beneficiaries | Street Vendors of India. |
| Mode | Online. |
| Official Website | pmsvanidhi.mohua.gov.in or myscheme.gov.in |
Objective of PM SVANidhi
The main objective of this scheme is to facilitate street vendors across affordable working capital loans for resuming their livelihood activities after the easing of lockdown. Under this scheme, the government targets those residents of India who are engaged in vending of articles, goods, food items, or merchandise of daily use, or offering services to the public on a footpath payment, etc, from a temporary structure or by moving from place to place.
Meaning of Street Vendor/Hawker
The street vendor/hawker refers to any person engaged in vending of articles, goods, food items, or merchandise of daily use, offering services to the public in a street pavement footpath, extra from a temporary structure, or by moving from one place to another.
Under these, the goods supplied by them include vegetables, fruits, ready-to-eat street food, tea, pakoda, bread, textile apparel, artisan products, books, stationery, and the services include barber shop, pan shops, cobbler, laundry services, etc.
Eligibility Criteria
To be eligible for PM SVANidhi Yojana 2025, applicants need to clear the following eligibility criteria, as mentioned below:-
- Applicant must be a permanent resident of India.
- Applicant must submit a statement with the process of the certificate of vending/identity card issue by urban local bodies ULBs.
- Applicants who have been identified in the survey but have not been issued a certification of identity card.
- Applicants or street vendors left out of the ULB lead identification survey, or who have started vending after completion of the survey and have been issued a letter of recommendation, or to that effect by you, will be referred to / town vending committee TVC.
- Applicant or vendor of surrounding development / Perry urban/rural areas, vending in the geographical limits of ULBs who have been issued a letter of recommendation to date, affected by the ULB / TVC
- Applicant who have been opening their businesses for at least 1 year before March 24, 2020, and have had a valid ID proof are eligible to apply for the PM SVANidhi
Financial Benefits
- Under this scheme, the government provides an initial financial assistance of up to Rs 10,000 to selected street vendors by enabling them to start their own business.
Interest Rate
- Under this scheme, the government provides loans at a low interest rate of 7% allowing street vendors to they can be easily repay them within a specified timeline set by the government, within one year of availing it.
Period & Mode of Loan Repayment Under PM SVANidhi
- Under this, the loan requirement period is available for 1 year, which gives a sufficient time for state vendors to repeat the loan.
- Under this scheme, the loan has to be repaid in the form of monthly installments.
Benefits of the PM SVANidhi Scheme
- Financial Benefits:- Under this, the government provides financial aid of up to Rs 10,000 to the student so that they can easily start and expand their own business.
- Nodal Ministry:- This scheme is a central sector scheme launched on 1st June 2020, by the Ministry of Housing and Urban Affairs (MoHUA) to provide hand-holding support to street vendors.
- Increase Digital Footprint:- This focuses on increasing the digital footprint in India by promoting the use of digital transactions among street vendors.
- Ensuring Availability of Goods & Services:- By offering this scheme, the government aims to set up new opportunities for all the street vendors who play a significant role in ensuring the availability of goods and services at affordable rates at the doorstep of city dwellers.
- Initial Working Capital Loan:- Under this scheme, the government provides an initial working capital loan of up to Rs 10,000 for a tenure of 1 year to selected and needy street vendors
- Collateral Free Loans:- Under this scheme, the government provides collateral-free loans of Rs 10,000 with subsequent loans of Rs 20,000 and Rs 50,000 with a 7% interest subsidy to all the eligible street vendors.
Documents Required
- Aadhar Card
- Bank Passbook
- Driving Licence
- Vending Certificate
- MNREGA Job Card
- PAN Card
- Voter ID Card
- Passport-Sized Photograph
- Mobile Number
Amount of Incentive For Digital Transactions
Under the scheme, street vendors will be provided with a monthly cashback in the range of Rs. 50 to Rs. 100 as per the following parameters:-
- On executing 50 eligible transactions:- Rs. 50
- On executing the next 50 eligible transactions:- an additional Rs. 25
- On executing the next hundred eligible transactions:- additional Rs. 25
- Conclusion:- On each transaction > Rs. 25 will be counted.
Lending Institution that Provides Credit
- Here is a list of lending institutions that will provide credit, including Scheduled Commercial Bank, Regional Rural Banks, Small Finance Banks, Cooperative Bank, Non-Banking Financial Companies, Micro-Finance Institutions, and SHG Banks
Notable Features
- No Processing Fee:- There is no need to pay a processing fee to apply for the scheme, making it cost-effective for Street vendors
- Financial Stability:- by presenting this scheme, the government M2 encourages Entrepreneurship and provides financial stability to state-traded trended, which helps them to create employment opportunities and become self-reliant.
- Primary Focus:- This is famous for providing financial security to those street vendor holders who are severely affected by the COVID-19 pandemic, helping them to recover or create their business from the economic impact of this pandemic on their businesses
- Interest Rate:- Under this scheme, the government provides loans at an interest rate of 7% making it easier for all the stakeholders to repay the loan within the set timeline.
- Monthly Cashback:- under the government, provide a cashback of up to Rs 100 per month on statements to incentivise the adoption of digital transactions.
- Scheme Coverage:- This schema is implemented at the national level and is applicable in all states and union territories, making it accessible to all the street vendors across the country.
How to Apply Online for the PM SVANidhi Yojana 2025?
To apply for the Prime Minister SVANidhi Scheme, follow the steps:-
- Visit the official PM SVANidhi website.
- The Homepage will be open on the screen.
- Once the applicant reaches the home page of the official website, they need to locate and click on the option called Login.
- As the applicant clicks, a login page will appear on the screen.
- Now the applicant needs to enter their registered mobile number along with the captcha code shown in the image.
- After entering, click on the option called “Request OTP”.
- As the applicant clicks, an OTP will be triggered on the registered mobile number.
- Now the applicant needs to enter the OTP and select a valid vendor category among the list of available options.
- After that, the applicant needs to enter their survey reference number SRN, which is a major step.
- Now the African needs to enter and upload all the ask documents.
- At last, click on the submit button to complete the process.
Also Read:- PM Vishwakarma Yojana
How to Search the Vendor Survey List Online 2025?
To search a vendor survey list online, an applicant needs to follow the steps:-
- Visit the official PM SVANidhi
- Once the applicant reaches the homepage of the official website, they need to go to the Scheme Instructions section.
- As the applicant goes to the same instruction sector, a list of options will appear on the screen.
- Now the applicant needs to click on the option called “Vendor Survey List”.
- As the applicant clicks, a new page will appear on the screen.
- Now the applicant needs to enter all the asked details, including the State, ULB, Vendor ID Card Number, Certificate of Vending Number, SV Name, Father /Spouse Name, and Mobile
- Once, quickly review all the details.
- At last, click on the Search button to complete the process.
Also Read:- PM Viksit Bharat Rozgar Yojana
Important Downloads
- Download PM SVANidhi Guidelines PDF
- Download Offline Application Form
- User Manual for Easy Understanding
Contact Details
- Toll Free Number:- 1800111979 (Between 9:30 AM and 6:00 PM)
- From Monday to Saturday, excluding “National Holidays”
FAQs
Who has launched this PM SVANidhi?
- The “PM SVANidhi” is a central sector micro credit scheme designed by the Central Government along with the Ministry of Housing and Urban Affairs for street vendors of the country, enabling them to formalise their occupations and open up new opportunities in this sector to move up the economic ladder.
How much is the maximum loan amount that can be availed under the scheme?
- Under this scheme, street vendors can avail initial working capital loans of up to Rs 10,000 under the PM SVANidhi.
What is the loan repayment period?
- Under this scheme, the loan has to be repaid within one year of availing it.
Is there any age-related criteria available?
- No, age-related criteria are unavailable under this scheme.
What is the mode of loan repayment under PM SVANidhi?
- Under the scheme, the loan has to be repaid in the form of monthly installments.