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PM SVANidhi
PM SVANidhi
Collateral-free working-capital loans for street vendors in three tranches — ₹15,000, ₹25,000 and ₹50,000 — with interest subsidy, digital cashback and a UPI-linked RuPay credit card for vendors who repay on time.
Ministry of Housing and Urban Affairs with DFS
Up to₹50,000
StatusOpen
Restructured and extended to 31 March 2030.
Benefits
- Loans of ₹15,000, then ₹25,000, then ₹50,000
- Interest subsidy on timely repayment
- Cashback on digital transactions
- UPI-linked RuPay credit card after timely repayment of the second loan
Eligibility
- Street vendors in urban areas with a certificate of vending / ID, or recommended by the ULB
Documents
- Aadhaar and Aadhaar-linked mobile
- Vending certificate, ID card or letter of recommendation
How to apply
- Apply on the PM SVANidhi portal, via a CSC or at a bank branch
FAQ
Do I need a guarantor?
No. PM SVANidhi loans are collateral-free.
Sources
Last checked: 20 Oct 2026. Summary for information only. The implementing agency's guidelines and your lender's credit policy decide eligibility and terms.