PM Svanidhi Yojana, Loan Application Online, Eligibility 2026

PM SVANidhi is a central sector micro-credit scheme launched on 1 June 2020 by the Ministry of Housing and Urban Affairs (MoHUA) to support street vendors by providing easy financial assistance and guidance. Under this scheme, vendors can avail a collateral-free working capital loan of ₹10,000 initially, followed by higher loan amounts of ₹20,000 and ₹50,000 upon timely repayment. Additionally, beneficiaries receive a 7% interest subsidy. To encourage digital transactions, the scheme also offers cashback incentives of up to ₹100 per month to vendors who adopt digital payment methods.

PM Svanidhi Yojana Overview

Parameter	Details
Scheme Name	PM SVANidhi Yojana (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi)
Launched By	Ministry of Housing and Urban Affairs
Launch Date	1 June 2020
Beneficiaries	Street vendors (urban & peri-urban areas)
Objective	Provide affordable working capital loans and promote financial inclusion
Initial Loan Amount	₹10,000 (working capital loan)
Subsequent Loans	₹20,000 (2nd cycle), ₹50,000 (3rd cycle)
Interest Subsidy	7% per annum (on timely repayment)
Collateral Requirement	No collateral required
Repayment Period	Up to 1 year
Digital Incentive	Cashback up to ₹100/month for digital transactions
Processing Fee	Nil
Eligibility	Street vendors with CoV/ID or Letter of Recommendation
Implementation Area	All States & Union Territories in India
Application Mode	Online & Offline
Official Website	pmsvanidhi.mohua.gov.in
Helpline Number	1800111979

Objective of the PM Svanidhi Yojana

The primary goal of the PM Svanidhi scheme is to bring street vendors into the formal financial system and create better economic opportunities for them. Street vendors form a vital part of the urban informal economy, ensuring that affordable goods and services are easily accessible to city residents. They are commonly known by different names such as vendors, hawkers, thelewala, rehriwala, and more across various regions.

These vendors provide a wide range of goods, including fruits, vegetables, street food, tea, snacks, clothing, footwear, books, and artisan products. In addition, they also offer essential services such as barbering, cobbling, laundry, and small retail services. By supporting this sector, the scheme aims to strengthen their livelihoods and help them grow economically.

PM Svanidhi Login Application Process

• Visit the official PM SVANidhi website https://pmsvanidhi.mohua.gov.in/

• Click on the “Log In” option on the homepage.

• Enter your mobile number along with the captcha code, then click on “Request OTP”.
• After logging in successfully, choose the appropriate vendor category and enter your Survey Reference Number (SRN), which is mandatory.
• Fill out the online application form, upload the required documents, and submit the form.

Note:

• For detailed guidance, refer to the official user manual available on the portal.
• For any queries, you can call the toll-free helpline 1800111979 between 9:30 AM and 6:00 PM (Monday to Saturday), excluding national holidays.

PM Svanidhi Yojana Benefits

• Street vendors can avail financial assistance of up to ₹10,000 to restart or expand their businesses.
• The PM Svanidhi loan is offered at a low interest rate of 7%, making repayment easier.
• No collateral is required, ensuring easy access for all eligible vendors.
• There are no processing fees, making the scheme highly cost-effective.
• The PM Svanidhi loan can be used for business purposes such as buying raw materials, paying rent, or purchasing equipment.
• It helps vendors achieve financial stability and promotes self-reliance.
• The repayment period is one year, providing sufficient time to repay the loan comfortably.
• The scheme promotes entrepreneurship and supports job creation.
• It was introduced to support street vendors affected by the COVID-19 pandemic and help them recover financially.
• The PM Svanidhi scheme is implemented nationwide and is available across all States and Union Territories, ensuring wide accessibility.

PM Svanidhi Eligibility Criteria

• Street vendors who possess a valid Certificate of Vending or Identity Card issued by Urban Local Bodies (ULBs).
• Vendors who have been identified during official surveys but have not yet received a Certificate of Vending or Identity Card.
• Street vendors who were missed in the ULB-led survey or started vending after the survey, and have been provided a Letter of Recommendation (LoR) by the ULB or Town Vending Committee (TVC).
• Vendors from nearby development, peri-urban, or rural areas who operate within ULB limits and have obtained a Letter of Recommendation (LoR) from the ULB or TVC.

Documents Required for PM Svanidhi Yojana

For Category A & B Vendors:

• Certificate of Vending (CoV)
• Identity Card issued by ULB

For Category C & D Vendors:

• Letter of Recommendation (LoR)

KYC Documents (along with CoV/ID/LoR):

• Aadhaar Card
• Voter ID Card
• Driving License
• MNREGA Card
• PAN Card

For Letter of Recommendation (LoR):

• Copy of bank account statement or passbook
• Membership card or any valid proof of association
• Any supporting document proving vending activity
• Request letter submitted to the Urban Local Body (ULB)

For Second Loan Application:

• Loan closure document of the previous loan

Frequently Asked Questions (FAQs)