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Business & Entrepreneurship; Skills & Employment; Social welfare & Empowerment

PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)

PM SVANidhi is a micro-credit scheme launched on 1st June 2020 by the MoHUA to provide handholding support to street vendors. The scheme facilitates a working capital collateral-free loan of ₹10,000, with subsequent loans of ₹20,000 and ₹50,000 with a 7% interest subsidy.

Authority

Central

Region

Central Government

Status

Verified 2026

Updated

March 2026

What you get

- Financial assistance of up to ₹10,000 is provided to street vendors to help them restart and expand their businesses. | - The loan is provided at a low-interest rate of 7%, making it easier for street vendors to repay the loan. | - No collateral is required to avail of the loan, making it more accessible to street vendors. | - There is no processing fee to apply for the scheme, making it cost-effective for street vendors. | - The loan amount can be used for any purpose related to the street vending business, such as buying raw materials, paying rent, or purchasing equipment. | - The scheme provides financial stability to street vendors and helps them to become self-reliant. | - The loan repayment period is one year, which gives street vendors sufficient time to repay the loan. | - The scheme encourages entrepreneurship and helps to create employment opportunities. | - The scheme is aimed at providing financial assistance to street vendors affected by the COVID-19 pandemic, helping them to recover from the economic impact of the pandemic. | - The scheme is implemented at the national level and is available in all States and Union Territories, making it accessible to street vendors across the country.

Who can apply

Street vendors in possession of Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs).; The vendors, who have been identified in the survey but have not been issued Certificate of Vending / Identity Card.; Street Vendors left out of the ULB-led identification survey or who have started vending after completion of the survey and have been issued a Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC).; The vendors of surrounding development/ peri-urban/rural areas vending in the geographical limits of the ULBs, who have been issued a Letter of Recommendation (LoR) to that effect by the ULB / TVC.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

What Is PM Street Vendor’s AtmaNirbhar Nidhi Scheme?

A: The PM Street Vendor's AtmaNirbhar Nidhi scheme is a government initiative aimed at providing financial assistance to street vendors affected by the COVID-19 pandemic.

Who Is Eligible To Apply For The PM Street Vendor’s AtmaNirbhar Nidhi Scheme?

A: Street vendors who have been operating their business for at least one year prior to March 24, 2020, and have been in possession of a valid ID proof are eligible to apply for the scheme.

What Is The Age Limit To Apply For The PM Street Vendor’s AtmaNirbhar Nidhi Scheme?

A: There is no age limit to apply for the PM Street Vendor's AtmaNirbhar Nidhi scheme.

What Is The Maximum Loan Amount That Can Be Availed Under This Scheme?

A: Street vendors can avail of a working capital loan of up to Rs. 10,000 under the PM Street Vendor's AtmaNirbhar Nidhi scheme.

What Is The Interest Rate On The Loan Provided Under This Scheme?

A: The interest rate on the loan provided under this scheme is 7%.

How Can One Apply For The PM Street Vendor’s AtmaNirbhar Nidhi Scheme?

A: Applicants can apply for the scheme online through the official website of their respective State or Union Territory.

Is There Any Processing Fee To Apply For The PM Street Vendor’s AtmaNirbhar Nidhi Scheme?

A: No, there is no processing fee to apply for the PM Street Vendor's AtmaNirbhar Nidhi scheme.

What Documents Are Required To Apply For The PM Street Vendor’s AtmaNirbhar Nidhi Scheme?

A: Applicants need to provide a valid ID proof, a certificate of vending/registration, and a recent photograph to apply for the scheme.

Can An Individual Apply For The PM Street Vendor’s AtmaNirbhar Nidhi Scheme Multiple Times?

A: No, an individual can apply for the scheme only once.

Can An Individual Apply For The Scheme If They Have Availed Of A Loan Under Any Other Government Scheme?

A: Yes, an individual can apply for the scheme even if they have availed of a loan under any other government scheme.

What Is The Repayment Period For The Loan Provided Under This Scheme?

A: The loan provided under this scheme has to be repaid within one year of availing it.

Is Collateral Required To Avail Of The Loan Under This Scheme?

A: No, collateral is not required to avail of the loan under the PM Street Vendor's AtmaNirbhar Nidhi scheme.

Can The Loan Amount Be Used For Any Purpose?

A: Yes, the loan amount can be used for any purpose related to the street vending business.

What Is The Benefit Of Availing Of The Loan Under This Scheme?

A: The loan provided under this scheme can be used to restart or expand the street vending business, thereby providing financial stability to the street vendor.

What Is The Repayment Mode For The Loan Provided Under This Scheme?

A: The loan provided under this scheme has to be repaid in monthly installments.