PM SVANidhi Yojana (for street vendors)
What is the scheme?
PM SVANidhi is for street, cart and hawker vendors. It gives collateral-free working-capital loans in three tranches, and repaying each on time opens the way to the next, larger one. The scheme has been extended to March 2030 and widened to census towns and surrounding areas.
Key benefits
- Collateral-free working-capital loan in three tranches
- Eligibility for the next tranche on repaying each one
- After repaying the second tranche, a chance to apply for a UPI-linked RuPay credit card
- Incentives such as cashback on digital transactions (amounts change from time to time)
Eligibility โ who can apply
- Vendors doing street/hawking work in urban areas
- Identification by the state/urban local body (vending certificate / ID card or name in the survey) is required
- The scheme now covers census towns and areas around urban centres
Who is not eligible / things to note
- Those not recorded in an ID proof or survey (they must first register with the local body)
Documents required
- Aadhaar card
- Vending certificate / ID card (from local body)
- Bank account details
- Mobile number
How to apply (step by step)
- Find out your status of identification (survey/certificate) as a vendor with your municipal corporation/council
- Apply on pmsvanidhi.mohua.gov.in or through a bank/CSC
- The bank/lender sanctions the loan after verification
- Repay on time to unlock the next tranche and the credit card option
How to check your status
- Open pmsvanidhi.mohua.gov.in and enter the application number or mobile under application status (an option like 'Know your application status').
- Check the status at both the urban local body (ULB) and the bank.
- If it is stuck, ask the municipality's street vendor cell.
Payment not received? Possible reasons
- The urban local body verification or recommendation letter (LoR) is pending.
- The first loan generally needs to be repaid on time for the next tranche (as per reports).
- Aadhaar is not linked to the bank account (NPCI mapping). Ask the bank branch, or check 'Bank Seeding Status' at myaadhaar.uidai.gov.in (the menu name may change).
- e-KYC / verification is pending. Complete it online, at a CSC or at the concerned office.
- Name or date of birth is different in the application and in Aadhaar/bank records.
- The bank account is closed or dormant, or the account number/IFSC on the portal is wrong.
- The instalment was released late because of government approval, funds or an election code of conduct. In that case payments are held for everyone in the state, not only for you.
Official sites are sometimes slow or down. If it doesn't open, try again later, or search the scheme name here: myScheme.gov.in โ
Frequently asked questions
How much loan does SVANidhi give?
A working-capital loan in three tranches, with the next given on repaying each. See the exact tranche amounts with the bank or on the portal, as they changed after restructuring.
Can I get it without a vending certificate?
Generally identification by the local body or a name in the survey is needed. Contact your municipal corporation/council.
How do I get the credit card?
Vendors who fully repay the second tranche can apply for a UPI-linked RuPay credit card.
How to check your status
1. Open pmsvanidhi.mohua.gov.in and enter the application number or mobile under application status (an option like 'Know your application status'). 2. Check the status at both the urban local body (ULB) and the bank. 3. If it is stuck, ask the municipality's street vendor cell.