PM SVANidhi Loan 2026: ₹15,000, ₹25,000, ₹50,000 for Street Vendors & How to Apply
PM SVANidhi helps urban street vendors get small working-capital loans without guarantee. Timely repayment unlocks a bigger next loan, an interest subsidy and cashback on digital payments.
Loan amounts reflect the restructured scheme approved by the Union Cabinet in August 2025, which extended lending till 31 March 2030. Confirm current tranche amounts on pmsvanidhi.mohua.gov.in before applying.
Answer 5–7 simple questions and get your eligibility score in 2 minutes.
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- 1st loan
- Up to ₹15,000
- 2nd loan
- Up to ₹25,000
- 3rd loan
- Up to ₹50,000
- Interest subsidy
- 7% per year on timely repayment
What is it?
PM SVANidhi (PM Street Vendor's AtmaNirbhar Nidhi) is run by the Ministry of Housing and Urban Affairs. Banks, NBFCs and MFIs give collateral-free working-capital loans to vendors selling on streets, footpaths and markets in urban areas and nearby peri-urban areas.
Benefits
No guarantee is needed. Vendors who repay on time get a 7% yearly interest subsidy credited to their account, cashback for digital transactions, and become eligible for the next, bigger loan.
Eligibility criteria
- ✓Street vendor in an urban or peri-urban area
- ✓Holds a Certificate of Vending / ID card issued by the Urban Local Body, or is in the ULB's vending survey
- ✓Vendors left out of the survey can apply with a Letter of Recommendation (LoR) from the ULB or Town Vending Committee
- ✓For the 2nd and 3rd loans: previous loan repaid
Documents required
- ✓Aadhaar card with linked mobile number
- ✓Certificate of Vending / vendor ID card or Letter of Recommendation
- ✓Bank account details
- ✓Voter ID or other KYC if asked by the lender
How to apply — step by step
- Open pmsvanidhi.mohua.gov.in and choose 'Apply for Loan'
- Verify your mobile number linked with Aadhaar via OTP
- Enter your vending certificate / survey reference or LoR details
- Fill the form, select a lender and submit; you can also apply at a CSC
- After sanction, the loan is credited to your bank account; repay in monthly installments
Important dates
Under the restructured scheme, loans can be sanctioned till 31 March 2030.
Common mistakes to avoid
- ✓Applying without an Aadhaar-linked mobile number, which stops OTP verification
- ✓Missing installments and losing interest subsidy and next-loan eligibility
- ✓Paying middlemen for LoR — it is issued free by the ULB
- ✓Taking cash-only payments and missing digital cashback
Frequently asked questions
Is PM SVANidhi available in villages?
It covers urban and nearby peri-urban areas. Purely rural vendors should check Mudra Shishu loans instead.
What if I don't have a vending certificate?
You can get a Letter of Recommendation from your Urban Local Body or Town Vending Committee and apply with it.
What is the interest subsidy?
7% per year, credited to your account when you repay on time.
Is there any processing fee?
The scheme does not require collateral; check with your lender for any charges before signing.
Answer 5–7 simple questions and get your eligibility score in 2 minutes.
Check eligibility now →