Ministry of Housing and Urban Affairs, Government of India
PM SVANidhi Yojana 2026 — Collateral-Free Loan Up to ₹50,000 for Street Vendors
Objective
Provide affordable working capital loans to street vendors who lost their livelihoods during the COVID-19 pandemic, help them restart their businesses, and enable their graduation to formal financial services.
Eligibility Criteria
- Street vendors who vend in urban areas (cities, towns, peri-urban areas)
- Must have a Certificate of Vending or Identity Card issued by Urban Local Body (ULB)
- OR a Letter of Recommendation (LoR) from ULB or Town Vending Committee (TVC) if not surveyed
- OR vendors identified in ULB-led surveys as conducting vending but not issued a certificate yet
- All categories of street vendors — food vendors, vegetable sellers, fruit sellers, cobblers, pan shops, tea stalls, barbers, laundry, book stalls, textile sellers, etc.
Benefits & Features
- 11st Loan: ₹10,000 — collateral-free, no guarantor required
- 22nd Loan: ₹20,000 — after timely repayment of 1st loan
- 33rd Loan: ₹50,000 — after timely repayment of 2nd loan
- 4Interest subsidy: 7% per annum on timely or early repayment
- 5Cashback incentive: Up to ₹100 per month for digital transactions (UPI, debit card)
- 6Loan tenure: 12 months (1st), 18 months (2nd), 36 months (3rd)
- 7No collateral, no guarantor required for any of the three loan stages
Required Documents
- Certificate of Vending / Identity Card from ULB (if available)
- Letter of Recommendation from ULB or TVC (if no certificate)
- Aadhaar card (mandatory for application)
- Bank account details (for loan disbursal)
- Mobile number linked to Aadhaar
How to Apply
Official Portal & Helpline
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PM SVANidhi — Loans Up to ₹50,000 for India's Street Vendors
Street vendors are the backbone of urban India's food economy. The sabzi wala, the chaiwala, the cobbler at the corner — they support millions of families. The PM SVANidhi scheme exists specifically for them: collateral-free working capital loans starting at ₹10,000, going up to ₹50,000 as the vendor grows their business.
PM SVANidhi (Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi) was launched on June 1, 2020 after COVID-19 crippled the livelihoods of millions of street vendors.
The Three Loan Stages
| Stage | Loan Amount | Tenure | Condition |
|---|---|---|---|
| 1st Loan | ₹10,000 | 12 months | New applicants |
| 2nd Loan | ₹20,000 | 18 months | After timely repayment of 1st loan |
| 3rd Loan | ₹50,000 | 36 months | After timely repayment of 2nd loan |
No collateral. No guarantor. No property papers. The loan is given purely on the basis of your vending identity.
Extra Benefits
7% Interest Subsidy: If you repay your loan on time (or early), the government reimburses 7% per annum interest directly to your bank account as a subsidy. This makes the effective interest rate significantly lower.
₹100/Month Cashback: Use digital payment methods at your stall (UPI, debit card reader) and earn up to ₹100 per month as cashback. This incentive is given to encourage adoption of digital payments.
Who Can Apply
Any street vendor in an urban area who falls into one of these categories:
- Has a Certificate of Vending or Vendor ID card issued by the Urban Local Body (municipality)
- Has a Letter of Recommendation (LoR) from the ULB or Town Vending Committee (TVC) — given to vendors who were missed in surveys or started vending after the survey
- Was surveyed by ULB but not yet given a certificate — they can also apply
Types of vendors covered: food vendors, vegetable/fruit sellers, tea/snack stalls, cobblers, tailors, pan shops, barbers, laundry services, book/stationery stalls, flower vendors, textile sellers, toy vendors, and more.
How to Apply
Online:
- Go to pmsvanidhi.mohua.gov.in
- Click "Apply Loan 10K" (for first-time applicants)
- Log in with your Aadhaar-linked mobile number (OTP verification)
- Fill in personal details, vending location, business type
- Upload Certificate of Vending or LoR
- Select your preferred bank/MFI
- Submit — the bank processes the loan application
Through a bank branch: Visit any SBI, PNB, Canara, UCO, BOI, or other participating bank branch with your documents and apply directly.
Through a CSC: Visit your nearest Common Service Centre for assisted application.
Quick Links
- Official Portal: pmsvanidhi.mohua.gov.in
- Helpline: 1800-11-6446 (toll-free)