01/06/2026
PM SVANidhi Scheme Completes 6 Years of Empowering Street Vendors
Over the past six years, the scheme has provided affordable, collateral- free working capital loans to street vendors, helping them restart and expand their businesses. By promoting digital transactions through cash- back incentives, PM SVANidhi has driven digital literacy and financial inclusion at the grassroots level. Timely repayments have enabled vendors to unlock higher loan tranches, establishing a reliable credit history for sustainable growth.
PM Svanidhi
("'street vendors" means a person engaged in vending of articles, goods, wares, Pod items or merchandise of everyday use or offering services to the general public, in a street, lane, side walk, footpath, pavement, public park or any other public place or private area, from a temporary built up structure or by moving from place to place and includes hawker, peddler, squatter and all other synonymous terms which may be local or region specific;").
Loan Structure:
Three Tranches of Loans:
1st Loan: up to ₹15,000 – tenure 12 months
2nd Loan: up to ₹25,000 – tenure 18 months
3rd Loan: up to ₹50,000 – tenure 36 months
All loans are collateral-free with credit guarantee support through CGTMSE.
Digital Incentives:
Cashback up to ₹1,200 for retail and ₹400 for wholesale digital transactions.
Credit Card Facility:
RuPay-linked UPI Credit Card for vendors who have repaid up to the 2nd tranche.
Credit limit up to ₹30,000; free card with no annual or joining charges.
Document Required
Adhar Card with linked mobile no.
Sarkari Bank Account
Upi -id (Gpay/phonepay/paytm)
#
