PM Street Vendor's AtmaNirbhar Nidhi PM SVANidhi
Small working capital loans in three rising tranches for street vendors, with interest subsidy, digital cashback and a UPI-linked credit card for good repayers.
Last updated on
- Cost to apply
- Free
- Status
- Open
- Run by
- Ministry of Housing and Urban Affairs with the Department of Financial Services
What you get
- First loan up to ₹15,000, second up to ₹25,000 and third up to ₹50,000
- UPI-linked RuPay credit card for vendors who repay the second loan on time
- Cashback up to ₹1,200 a year on digital sales, at most ₹100 a month
- Cashback up to ₹400 on digital wholesale purchases of ₹2,000 or more, ₹20 a transaction and at most ₹100 a quarter
- Interest subsidy on loans repaid on time
Who can apply
- Businesses that are already running.
- Open to businesses in trading and services.
- Nano enterprises.
- Only for street vendors.
- The most on offer is ₹50,000.
- Street vendors in urban areas, being extended to census towns and peri-urban areas in stages
Where to apply
In person, urban local body office or bank branch
In Kerala, urban local bodies (corporations and municipalities) identify vendors and help with applications, with loans from banks
Worth knowing
Restructured by the Cabinet on 27 August 2025. Lending period extended to 31 March 2030, outlay ₹7,332 crore.
Where we found this
- PIB backgrounder, SVANidhi Empowering Street Vendors, 20 December 2025 (external site) Official announcement
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.