PM SVANidhi 2026: Eligibility, Benefits & How to Apply
Small working-capital loans for street vendors: ₹15,000, then ₹25,000, then ₹50,000, with an interest subsidy for timely repayment.
Benefit
Collateral-free loans in three tranches: up to ₹15,000, then up to ₹25,000, then up to ₹50,000, each unlocked by repaying the previous one. A 7% interest subsidy for timely repayment, plus cashback for digital transactions.
Who is eligible
- Street vendors in urban areas with a certificate of vending or identity card from the urban local body, or a letter of recommendation.
Who is not eligible
- The second and third tranches require repayment of the earlier loan.
Documents you need
- Aadhaar
- Vending certificate, ID card or Letter of Recommendation
- Bank account
How to apply
- Apply online at pmsvanidhi.mohua.gov.in, or through a bank, CSC or your urban local body.
- Your urban local body verifies your vendor status; the lender disburses the loan.
Official website: pmsvanidhi.mohua.gov.in. The scheme's lending period runs until March 31, 2030.
Administered by the Ministry of Housing & Urban Affairs. You can also search all central and state schemes on the government's myScheme portal.
Frequently Asked Questions
How much loan does PM SVANidhi give?
Up to ₹15,000 in the first tranche, ₹25,000 in the second and ₹50,000 in the third.
Who can apply for PM SVANidhi?
Urban street vendors with a vending certificate or ID from their urban local body, or a letter of recommendation.
Find other schemes you may qualify for
Answer a few questions in our government schemes eligibility finder.
- PM Mudra Yojana: Collateral-free business loans up to ₹20 lakh for small non-farm businesses, through banks and lenders.
- PM Vishwakarma: Training, a toolkit grant and low-interest loans up to ₹3 lakh for artisans and craftspeople in 18 traditional trades.