The PM SVANidhi (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) Yojana is a flagship scheme by the Government of India to empower street vendors by providing easy loans to help them restart and grow their businesses post-pandemic. 🚴♂️🍌🍉
Let’s break it down in a simple, emoji-style step-by-step guide! 👇
🔍 What is PM SVANidhi Yojana?
👉 Launched in June 2020, this scheme offers collateral-free working capital loans to street vendors.
✅ Key Benefits:
- 💰 Loan up to ₹10,000 for the first cycle
- 🔁 Second loan of ₹20,000 on timely repayment
- 🏦 Third loan of ₹50,000 also available with good credit history
- 💸 Interest subsidy of 7% per annum
- 🪙 Cashback on digital transactions up to ₹1,200/year
- 💳 Eligibility for credit score & future loans
🧾 Who is Eligible?
✔️ You must be a street vendor selling goods or services on footpath/roadside/stalls
✔️ Vendors who were in business before March 24, 2020
✔️ Possess a Certificate of Vending or be identified by ULB (Urban Local Bodies)
✔️ Vendors from urban, semi-urban & rural areas
🛠️ Documents Required 📂
🆔 Aadhaar Card
📞 Mobile Number (linked with Aadhaar)
📍 Address Proof
📸 Passport-size Photo
🧾 Certificate of Vending (if available)
🏦 Bank Account Details (with IFSC code)
🪜 How to Apply Online: Step-by-Step Guide 🖥️
✅ Step 1: Visit the Official Portal
🔗 Go to https://pmsvanidhi.mohua.gov.in 🌐
✅ Step 2: Click on “Apply for Loan”
🖱️ On the homepage, click on “Apply for Loan” under the Vendor section.
✅ Step 3: Vendor Category Selection
🧍 Choose your category:
1️⃣ Street vendor with ID
2️⃣ Vendor identified in survey
3️⃣ Vendor left out of survey but with recommendation
✅ Step 4: Mobile Number Verification
📲 Enter your mobile number (linked with Aadhaar)
🔐 You’ll receive an OTP – enter to verify.
✅ Step 5: Fill Application Form
✍️ Fill in personal details, vending information, Aadhaar, and bank account details.
✅ Step 6: Upload Documents 📎
📤 Upload scanned documents like Aadhaar, photo, and any vendor certificate.
✅ Step 7: Submit the Application
📝 Review all info carefully and click “Submit”
🎉 You’ll get an Application Reference Number (ARN) to track your status.
📲 Track Application Status
📍 Go to the official website
🔎 Click on “Track Application Status”
🔢 Enter your Application Reference Number to see updates
🧾 Offline Application Process 🏢
If online is tricky, no worries! 😇
You can also apply through:
- 🏦 Local banks (Public/Private/Microfinance institutions)
- 🏙️ Municipal offices
- 💬 Common Service Centers (CSCs)
- 📞 Help from SHG (Self Help Group) or ULB officials
📌 Important Tips
🔄 Repay loan on time to get next cycle loan
📶 Use digital payments to get cashback rewards
💼 Keep all documents ready before applying
📅 Scheme active in 2025 with higher loan benefits for regular payers
🧡 Final Words
The PM SVANidhi Yojana 2025 is a golden opportunity for street vendors to become self-reliant (Atmanirbhar). With just a few simple steps, you can boost your business and build a better future. 🌟
📢 Don’t wait—apply now and take a step toward financial freedom! 💪🇮🇳
