Street Vendor's AtmaNirbhar Nidhi
A Special Micro-Credit Facility for Street Vendors
Making Street Vendors Self-Reliant
Maximum Loan Amount
Loan Tenure
Required
A comprehensive micro-credit scheme to support street vendors affected by COVID-19 pandemic
Street vendors represent a very important constituent of the urban informal economy and play a significant role in ensuring availability of goods and services at affordable rates at the door-step of the consumers.
The COVID-19 pandemic and consequent lockdowns have adversely impacted the livelihoods of street vendors, creating an urgent need to provide credit for working capital.
To facilitate working capital loan up to ₹10,000
To incentivize regular repayment through interest subsidy
To reward digital transactions and promote cashless economy
No security or guarantee required
7% interest subsidy on timely repayment
Cashback on digital transactions
Fast loan approval process
Comprehensive financial support for street vendors
Maximum loan amount for initial working capital
Tenure: 1 Year
Interest subsidy on timely/early repayment
Direct Benefit Transfer
Monthly cashback for digital transactions
Up to ₹1,200/year
Collateral-free loans
No guarantor required
Online application process
Fast processing time
Who can apply for PM SVANidhi scheme
The Scheme is available for beneficiaries belonging to only those States/UTs which have notified Rules and Scheme under Street Vendors Act, 2014.
Provisional Certificate of Vending would be generated for such vendors through an IT based Platform.
Submit your loan application online
Contact us for more information about PM SVANidhi
1800-11-6446
Mon-Fri: 9 AM - 6 PM
pmsvanidhi@gov.in
support@pmsvanidhi.mohua.gov.in
pmsvanidhi.mohua.gov.in
Official Portal
Ministry of Housing & Urban Affairs
Government of India, New Delhi