PM SVANidhi (PM Street Vendor’s AtmaNirbhar Nidhi) Scheme Download

Introduction

1. PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) is a Special Micro-Credit Facility launched by the Ministry of Housing and Urban Affairs, for providing affordable loans to street vendors.

2. Facilitates collateral-free Working Capital loans of up to Rs. 10,000 for one-year tenure.

3. Interest subsidy on timely/early repayment @ 7%.

4. Monthly cash-back incentive on digital transactions up to Rs. 100 on undertaking a prescribed number of digital transactions.

5. On timely repayment of the first loan, higher loan eligibility of Rs. 20,000 and Rs. 50,000 in the second and third tranches respectively.

Eligible Applicants

1. Street vendors in possession of a Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs).

2. Vendors who have been identified in the survey done by the Urban Local Body but have not been issued a Certificate of Vending / Identity Card.

3. Street vendors who have been left out of the ULB-led identification or who have started vending after completion of the survey and have been issued a Letter of Recommendation (LoR) to that effect by the ULB/ Town Vending Committee (TVC).

4. Vendors from surrounding development/peri-urban/rural areas vending within the geographical limits of the ULBs and have been issued a Letter of Recommendation (LoR) to that effect by the ULB/TVC.

Additional Information

1. Wider base of lending institutions including commercial and other Banks, MFIs, NBFCs, and SHG Banks.

2. Graded Credit Guarantee for lending institutions through CGTMSE.