CENTRALLOAN

PM SVANidhi

🏛️ Ministry of Housing and Urban Affairs

💸 Direct Scheme Benefits

Collateral-free working capital loan with interest subsidy on timely repayment and digital-transaction cashback.

About the Scheme

PM SVANidhi is a micro-credit facility for street vendors. A vendor may take a small collateral-free working capital loan, and on timely repayment becomes eligible for a larger amount in the next cycle. Interest subsidy is available on prompt repayment, and cashback is offered for digital transactions, so the scheme also builds a formal credit record for vendors who previously had none. 🔗 Official Resources: • Official Portal: https://pmsvanidhi.mohua.gov.in

📄 Documents Required

✓
Bank Passbook CopyFirst page showing account number and IFSC details
✓
Certificate of VendingVending certificate or identity card issued by the Urban Local Body to a street vendor
✓
Aadhaar CardUnique identification document

🚀 How to Apply

Step 1:Obtain Vendor Identification

Get the certificate of vending or vendor identity card from the Urban Local Body; surveyed vendors without one can obtain a provisional letter.

Step 2:Apply Online or at a CSC

Apply on the PM SVANidhi portal or through a Common Service Centre with Aadhaar and a linked mobile number.

Step 3:Lender Verification

The application is routed to a lending institution, which verifies the vendor record before sanction.

Step 4:Repay on Time for the Next Cycle

Repay in monthly instalments to earn the interest subsidy and qualify for a larger loan in the next cycle.

🙋 Frequently Asked Questions (FAQs)

What if I do not have a vending certificate?

Vendors identified in the municipal survey but without a certificate can be issued a provisional certificate of vending.

Does the loan amount increase?

Yes. Each cycle repaid on time makes the vendor eligible for a larger loan in the next one.