PM SVANidhi (PM Street Vendor AtmaNirbhar Nidhi)

✦Key Features

• Three tranches: ₹15,000 (1st); ₹25,000 (2nd); ₹50,000 (3rd) — larger on timely repayment
• 71.57 lakh (1st), 27.28 lakh (2nd), 6.61 lakh (3rd) — 1.05+ crore total (Jan 2026)
• Extended to March 31, 2030 (Cabinet Aug 27, 2025); total outlay ₹7,332 crore
• New: UPI-linked RuPay Credit Card for 2nd tranche repayers — 2,479 cards issued (Feb 2026)
• Coverage expanded: census towns, peri-urban areas, urban agglomerations
• Digital payment incentive: ₹100/month cashback on UPI/digital transactions
• Average annualised business income grew ~20% (2023-2025 ISB study)

✓Eligibility Criteria

• Street vendors engaged in vending in urban areas on or before March 24, 2020, are eligible.
• Vendors must possess a Certificate of Vending or an Identity Card issued by Urban Local Bodies (ULBs).
• Vendors from surrounding peri-urban or rural areas vending within ULB limits are eligible.
• Vendors who were left out of the ULB identification survey but possess a Letter of Recommendation (LoR).

★Benefits

• Access to a collateral-free working capital loan of up to ₹10,000 for the first tenure.
• Eligibility for enhanced loan amounts of ₹20,000 and ₹50,000 upon timely repayment of previous loans.
• Interest subvention of 7% per annum credited quarterly to the beneficiary's account.
• Monthly cashback incentives ranging from ₹50 to ₹100 for performing digital transactions.

▶Application Process

• Vendors apply directly through the PM SVANidhi web portal or the mobile application.
• Applications can be submitted via Common Service Centres (CSCs) or through local banking correspondents.
• Lending institutions verify the applicant's credentials and field status before sanctioning the loan.
• The loan amount is disbursed directly into the beneficiary's Aadhaar-linked bank account.

₹ Budget Allocation

7332

Funding Ratio (Centre:State): 100% Central Sector Scheme (Interest subsidy and cashback borne by Centre)

Historical Context

Launched in June 2020 as part of the Atmanirbhar Bharat Abhiyan to support vendors affected by COVID-19 lockdowns.