PM SVANidhi Scheme 2026 Apply Online

 PM SVANidhi Scheme 2026- Apply Online, Loan Amount, Benefits and Eligibility

The PM SVANidhi Scheme has been started by the Government of India to offer low-cost working capital loans to eligible street vendors. This scheme helps small street vendors to grow their business, buy stock, manage daily expenses and improve their living.

PM SVANidhi stands for Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi. It was launched on 1 June 2020. The scheme was revamped to help vendors by providing higher financial assistance, promote digital payments, and help grow their street vendor business. The lending period under this scheme has been extended up to 31st March 2030.

This article will help you understand more about PM SVANidhi Scheme 2026, including how much loan is provided, the benefits, the eligibility, the documents required and how to apply online.

PM SVANidhi Scheme 2026 Details

Particulars	Details
Scheme Name	PM SVANidhi Scheme
Full Form	Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi
Launched By	Government of India
Launch Date	1 June 2020
Implementing Ministries	Ministry of Housing and Urban Affairs and Department of Financial Services
Beneficiaries	Eligible street vendors
Loan Type	Collateral-free working capital loan
First Loan	Up to 15,000
Second Loan	Up to 25,000
Third Loan	Up to 50,000
Interest Subsidy	7% per annum on eligible loans for timely repayment
Application Mode	Online and through authorised assistance channels
Lending Period	Until 31 March 2030
Official Website	https://pmsvanidhi.mohua.gov.in/

What is PM SVANidhi Scheme?

The PM SVANidhi scheme is a central government scheme providing working capital loans to eligible street vendors without any collateral. This has been launched to support street vendors with their financial issues and help them start or improve their business.

Street vendors play a significant part of the Indian economy by selling vegetable, fruit, food, clothing, household items and general items. Many provide services like tailoring, hair cutting and shoe repairs.

As these are small businesses they often need consistent working capital. The PM SVANidhi scheme means that eligible street vendors can access formal credit. Once they have successfully repaid previous loans they will be entitled to larger loans under the conditions of the scheme.

PM SVANidhi Loan Amount 2026

Eligible street vendors can access loans in three stages under the revised scheme.

Loan Tranche	Maximum Loan Amount
First Loan	15,000
Second Loan	25,000
Third Loan	50,000
Maximum across three stages	90,000

These are the maximum loan amounts that can be received. You must meet certain criteria to gain approval for the loan. It will also depend on the lender and the loan scheme rules. The second and third loan amounts will generally only be given if you have successfully repaid your previous loan.

Advantages of the PM SVANidhi Scheme

This scheme offers many advantages to eligible street vendors.

1.Working Capital Loans without Collateral

Eligible vendors can receive a working capital loan. This can assist them by allowing them to purchase items, stock up and cover any costs associated with running their business.

2.Interest Subsidy

Eligible beneficiaries can receive a 7% interest subsidy on their loans if they make regular and timely repayments.

3.Larger Loan Amounts

Once you have successfully repaid your previous loan(s) you may be eligible for a larger amount. This can allow you to expand your business.

4.Digital Payments Incentive

This scheme encourages street vendors to take payments using digital methods. Eligible beneficiaries can receive cashback incentives when making certain digital payments.

5.UPI Enabled RuPay Credit Card

Eligible beneficiaries can get a RuPay Credit Card with a maximum credit limit of 30,000. This is available to those who have successfully repaid their second loan and is UPI enabled.

6.Financial Literacy and Skills Training

This scheme also includes financial literacy, digital skills, entrepreneurial skills, marketing and more. Food vendors may receive training in hygiene and food safety.

Eligibility Criteria for PM SVANidhi Scheme

You will need to meet the eligibility criteria for the scheme. You will generally need to

1. Be an eligible street vendor in an area that is covered by the scheme.
2. Have the correct Certificate of Vending (CoV), vendor ID or other documents to prove eligibility.
3. If you are identified as a vendor during an authorised survey, but do not have a Certificate of Vending or ID yet, you may be able to apply once verified.
4. Those with an accepted Letter of Recommendation (LoR) may be able to apply.
5. Complete the correct verification process to prove your identity, bank details and application.
6. To receive a subsequent loan you will need to meet the repayment criteria.
7. The scheme is being rolled out in a phased approach, including eligible census towns and peri-urban areas outside of statutory towns.

Please note that eligibility will be decided based on the current guidelines for the scheme. Please confirm your eligibility through the official portal, ULB or authorised lender.

Documents Required for PM SVANidhi

You may need to provide

1. Aadhaar or other acceptable ID.
2. Certificate of Vending or vendor ID.
3. Letter of Recommendation.
4. Bank details.
5. Registered mobile number.
6. Any other documents requested by the authorised lender.

Exact documents will depend on your category and current application process. Ensure that your details are correct to prevent any delays.

How to Apply Online for PM SVANidhi Scheme 2026

Eligible street vendors can apply via the official PM SVANidhi portal.

Step 1: Visit the Official Website

Go to the official PM SVANidhi website- https://pmsvanidhi.mohua.gov.in/

Step 2: Confirm Eligibility

Check what the current eligibility criteria are and whether you have the correct vendor ID or documents.

Step 3: Apply

Follow the instructions on the portal to apply. You will need to enter your personal details, vendor details and bank details. If required select your loan type.

Step 4: Upload Documents

Upload the required documents.

Step 5: Submit Application

Double check everything is correct and submit your application. Take note of your application reference number/acknowledgement.

Step 6: Track Application

Use the tracking feature on the portal or contact the relevant authority/lender to check the status of your application.

Step 7: Loan Approved and Paid

Your application will be reviewed by the authorised lender and a decision will be made on whether to approve your loan. Once approved your loan will be paid in accordance with the approval and banking processes.

If you need help finding your vendor ID or Letter of Recommendation please contact your local Urban Local Body or authorised facilitation centre.

Loan Repayments for PM SVANidhi Scheme

It is important to repay your loan. Beneficiaries should make their repayments on time.

If you make your repayments on time you may be eligible for interest subsidies and further loan tranches. Before accepting a loan please ensure you are aware of the repayment period, interest rate, repayment amount and any other terms.

Not all applicants will be eligible for all three loan amounts.

Final Date for PM SVANidhi Scheme 2026

The lending period for the restructured PM SVANidhi Scheme has been increased to 31st March 2030.

This is the approved lending period for the scheme. Not all applications will be open indefinitely and not all applicants will be eligible. Please check the official portal for current application availability.