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Social WelfareCentral GovernmentVerified 1 Sep 2026
PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)
Nodal Implementing Authority: Ministry of Housing and Urban Affairs in collaboration with Small Industries Development Bank of India (SIDBI)
Administrative ScopeCentral Government
CategorySocial Welfare
Target BeneficiariesUrban and peri-urban street vendors, hawkers, thelawalas, and informal sellers
Scheme Purpose & Core Objectives
Special micro-credit collateral-free working capital facility to empower street vendors to restart their informal vending livelihoods and integrate into the formal digital economy.
Key Benefits Provided to Beneficiaries
Initial collateral-free working capital loan of up to Rs. 10,000 with 1-year tenure
Subsequent enhanced loans of Rs. 20,000 (second tranche) and up to Rs. 50,000 (third tranche) on timely repayment
7% interest subsidy per annum credited directly to bank account on regular repayments
Monthly cashback rewards up to Rs. 100 for conducting digital transactions
General Eligibility Criteria
Statutory qualifications required for enrollment without volatile budgetary or transient criteria.
✓Street vendors possessing Certificate of Vending or Identity Card issued by Urban Local Bodies (ULBs)
✓Vendors identified in urban local body surveys or endorsed via Letter of Recommendation (LoR)
✓Active bank account linked with mobile number