PM SVANidhi: A Scheme for Street Vendors that offers a Special Micro-Credit Facility

The Ministry of Housing and Urban Affairs under the guidance of the Minister Shri Hardeep Singh Puri launched a programme on June 1, 2020, which is called PM Street Vendor Atma Nirbhar Nidhi(PM SVANidhi), which will enable street vendors not only to borrow a collateral-free loan but also to increase their holistic development and economic growth.

The purpose of the scheme is to facilitate working capital loan up to Rs.10,000/- as 1st Tranche (to be repaid as monthly installments in 12 months), Rs.20,000/- as 2nd Tranche, and Rs.50,000/- as 3rd Tranche (to be repaid as monthly installments in 36 months). The second tranche is to be repaid in 18 months and can also be repaid in minimum period of 6 months to be eligible for the next cycle of loan with an enhanced limit.

The Scheme is accessible for recipients 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.

It means to work with guarantee free working capital advances of up to INR 10,000/ – of one-year tenure, to roughly 50 lakh road sellers, to assist with continuing their businesses in the metropolitan regions, including areas surrounding peri-metropolitan/country regions.

The vision of Prime Minister Narendra Modi to extend the scope of this programme has resulted in a strong focus on its expansion.

The Ministry for Housing and Urban Affairs launched its campaign to revise the objectives of the scheme, with a view of achieving it from July 1, 2023. In addition, to reach them by the end of 2023, Member States have set targets for their respective cities.

In order to alleviate urban poverty in India, all lending institutions, including NBFCs, MFIs and DPAs, have joined hands.

Eligibility Criteria:

The PM SVANidhi scheme is available for all road merchants who have participated in selling in urban regions as on or before March 24, 2020.

The qualified sellers are distinguished according to the following models:

-Road merchants possessing Testament of Distributing/Personality Card given by Urban Local Bodies (ULBs)

-The vendors, who have been recognized in the survey however have not been given Certificate of Vending/Identity Card; Provisional Certificate of Vending would be created for such sellers through an IT-based platform. ULBs are urged to issue such sellers the permanent Certificate of Vending and Identification Card right away and approximately within a time of one month.

-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).

-The sellers of surrounding development/peri-metropolitan/provincial regions distributing in the geological limits of the ULBs have been given Letter of Recommendation (LoR) with that impact by the ULB/TVC.

Requirements from the beneficiary to apply in the scheme:

a.) Proof of Vending

i. Vendor ID card (VID)or

ii. Certificate of vending (CoV) or

iii. TVC Letter of recommendation

b.) KYC documents

c.) Aadhaar-linked bank account

d.) Mobile number, which should be linked with Aadhaar

You can carry any of the following documents with you for KYC purposes:

Aadhaar card

Voter ID card

Driver’s license



How to apply?

With the necessary documents, you can visit a nearby common service centre. Your loan application will be filled out by VLEs, and documents will be uploaded for you. A sum of  ₹59 shall be paid by the applicant as a service charge to the CSC.

Incentives are available under the PM SVANidhi programme in the form of:

1. interest subsidy, at 7 % each year on a regular loan repayment

2. cashback of upto INR 1200/- per annum on undertaking prescribed digital transactions

3. eligibility to increase the next tranche of loans

To know whether your name is on the survey list;

The vendor can search directly their survey reference number on PM SVANidhi website.


According to the data available on November 30, 2022, there were 31.73 lakh street vendors who availed of a first loan of ₹10,000, with 5.81 Lakh benefiting from an additional loan of ₹20,000; out of these 6,926 street vendor’s benefited from another loan of ₹50,000. Moreover, 43 percent of beneficiaries are women.

On October 3, 2023; By the framework of this collective effort, a remarkable 65.75 lakhs loans have been disbursed and over 50 lakh street vendors benefited for an overall value exceeding INR 8,600 crore.



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