PM SVANidhi Vendor Loan
Apply for a collateral-free working capital loan under PM SVANidhi (PM Street Vendor's AtmaNirbhar Nidhi) via the Ministry of Housing and Urban Affairs portal, starting with a Rs 10,000 first tranche that grows to Rs 20,000 and Rs 50,000 on timely repayment.
Required Documents
Step-by-Step Process
Get Listed as a Street Vendor
If you were surveyed by your Urban Local Body (ULB) you already have a vending certificate; if not, apply to the ULB for a Certificate of Vending or Letter of Recommendation.
Apply for First Loan Tranche
Apply on the PM SVANidhi portal or app, or through a CSC/bank branch/ULB kiosk, for the first working capital loan of up to Rs 10,000 with no collateral required.
Bank Sanction and Disbursal
The lending bank/NBFC/MFI verifies your application and Aadhaar e-KYC, then disburses the sanctioned loan amount directly to your bank account.
Repay in Monthly Instalments
Repay the loan in regular monthly instalments over one year; timely repayment earns a 7% annual interest subsidy credited quarterly and cashback of up to Rs 1,200/year for digital transactions.
Move Up to Higher Tranches
After fully repaying the first Rs 10,000 loan on time, you become eligible for the second tranche of Rs 20,000, and after repaying that, a third tranche of Rs 50,000.
Pro Tips & Warnings
- Timely monthly repayment is critical - defaulting or delaying even once can disqualify you from moving to the next, larger loan tranche.
- Use digital payment modes (UPI/QR code) for your daily sales as much as possible; the scheme rewards this with cashback up to Rs 1,200 per year on top of the interest subsidy.
- You don't need to already have a Certificate of Vending to apply - vendors without one can still get a Letter of Recommendation from the ULB/Town Vending Committee.