PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) Yojana


PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) Yojana| What is PM SVANidhi Yojana|how to apply for a street vendor loan|[Apply Online] PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) Yojana

PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) Yojana

What is the PM SVANidhi scheme?

The PM SVANidhi scheme was launched by the Ministry of Housing and Urban Affairs, on June 01, 2020. It aims to provide affordable working capital loans to vendors to resume their livelihoods that have been ffected due to the coronavirus lockdown.

The government has received over five lakh applications under the ‘PM SVANidhi’ scheme which aims to provide street vendors loans of up to Rs 10,000 to restart their business post the COVID-19 lockdown, according to an official statement issued on Wednesday. The Union Housing and Urban Affairs Ministry said the PM Street Vendor’s AtmaNirbhar Nidhi scheme has generated considerable enthusiasm among the street vendors.


Objectives of Atmanirbhar Nidhi (PM SVANidhi) Yojana

The scheme is a Central Sector Scheme i.e. fully funded by Ministry of Housing and Urban Affairs with the following objectives:

(i) To facilitate working capital loan up to `10,000;

(ii) To incentivize regular repayment; and

(iii) To reward digital transactions

The scheme will help formalize the street vendors with above objectives and will open up new opportunities to this sector to move up the economic ladder.


Eligibility of States/UTs for PM SVANidhi Yojana

The Scheme is available for beneficiaries belonging to only those States/UTs which have notified Rules and Scheme under Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014. Beneficiaries from Meghalaya, which has its own State Street Vendors Act may, however, participate.

Eligibility Criteria of Beneficiaries for PM SVANidhi Yojana

The Scheme is available to all street vendors engaged in vending in urban areas as on or before March 24, 2020. The eligible vendors will be identified as per following criteria:

(i) Street vendors in possession of Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs);

(ii) The vendors, who have been identified in the survey but have not been issued Certificate of Vending / Identity Card;Provisional Certificate of Vending would be generated for such vendors through an IT based Platform. ULBs are encouraged to issue such vendors the permanent Certificate of Vending and Identification Card immediately and positively within a period of one month.


(iii) Street Vendors, left out of the ULBled identification survey or who have started vending after completion of the survey and have been issued Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC); and

(iv) The vendors of surrounding development/ peri-urban / rural areas vending in the geographical limits of the ULBs and have been issued Letter of Recommendation (LoR) to that effect by the ULB / TVC.

5. Identification of Beneficiaries left out of the Survey or belonging to the surrounding Rural Areas While identifying the vendors belonging to category 4 (iii) and (iv), the ULB/ TVC may consider any of the following documents to issue letters of recommendation:

(i) The list of vendors, prepared by certain States/ UTs, for providing one-time assistance during the period of lockdown; OR

(ii) A system generated request sent to ULBs/ TVCs for issue of LoR based on the recommendation of the Lender after verifying the 


These are the pre-loan checks for street vendor loan:

  • Make sure you have all the documents handy. The requirements can be checked here .
  • Make sure your mobile number is linked to your Aadhaar
  • Check your eligibility status here.

How to apply for a street vendor loan?

  • Go to the official website www.pmsvanidhi.mohua.gov.in or click here.
  • Click on apply for a loan.
  • Enter your mobile number and captcha.
  • Select the category and fill the details required.
  • Click submit

Important Links Related to PM SVANidhi Yojana:

Official WebsiteClick Here
Apply OnlineClick Here
Check eligibility statusClick Here

Know More about Aatm Nirbhar Bharat Abhiyan



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