PM Street Vendor's AtmaNirbhar Nidhi
₹10,000 → ₹20,000 → ₹50,000 collateral-free loans for street vendors
What is PM SVANidhi?
PM Street Vendor's AtmaNirbhar Nidhi provides affordable working capital loans to street vendors who were adversely affected by the COVID-19 lockdowns. The scheme enables vendors to restart their businesses with initial loans of ₹10,000, scaling up to ₹50,000 based on timely repayment.
Key Benefits
• First loan: ₹10,000 (collateral-free)
• Second loan: ₹20,000 (on timely repayment of first)
• Third loan: ₹50,000 (on timely repayment of second)
• 7% annual interest subsidy credited back to account
• No collateral required
• Digital transactions rewarded with monthly cashback
• Formal credit history built for vendors
Who is Eligible?
Street vendors who were vending in urban areas on or before 24 March 2020. Must have a Letter of Recommendation (LoR) from the Urban Local Body (ULB) or Vending Certificate. New/aspirant vendors can also apply with a LoR from the ULB.
Documents Required
• Aadhaar card
• Vendor Certificate or LoR from ULB
• Mobile number linked to Aadhaar
• Bank account details
• Photograph
How to Apply
Apply at pmsvanidhi.mohua.gov.in or through the PM SVANidhi app. You can also apply through partner banks (SBI, Bank of Baroda, HDFC, etc.), MFIs, or through your Urban Local Body office. The loan is typically disbursed within 30 days of application. Timely repayment and digital transactions unlock higher loan amounts.
Scheme Assistance
N. Senthilkumar Nagendran
BJP Zone Incharge, Tamil Nadu — leading Seva Sankalp Abhiyan to bring every Central scheme to your doorstep.
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