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PM SVANidhi – Street Vendor's AtmaNirbhar Nidhi
Central scheme
Initial working capital loan of ₹10,000 (repayable in 12 months); on timely repayment, eligible for ₹20,000 then ₹50,000 in subsequent cycles. Interest subsidy of 7% per annum credited quarterly to bank account. Incentive of up to ₹1,200/year for digital transactions. No collateral required; builds formal credit history with credit bureaus.
Eligibility Criteria
- Street vendors vending in urban areas as of or before 24 March 2020
- Must hold a Certificate of Vending / Identity Card issued by ULB, OR be recommended by ULB/Town Vending Committee
- Vendors left out of city surveys can also apply with a letter of recommendation from ULB
Required Documents
- Aadhaar Card
- Certificate of Vending / Identity Card from ULB
- Bank account details
- Mobile number
- Photograph