PM SVANidhi Yojana (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) is a Government of India scheme that gives street vendors collateral-free working-capital loans of up to ₹50,000 to restart and grow their business. You can apply online and check your loan status free on the official portal.
Apply and check status free on the official Government of India portal.
PM SVANidhi Loan Amount — ₹10,000, ₹20,000 & ₹50,000
The loan is given in three increasing tranches. You unlock the next amount only after repaying the earlier loan on time:
- 1st loan: ₹10,000 for 1 year
- 2nd loan: ₹20,000 (after timely repayment of the 1st)
- 3rd loan: ₹50,000 (after timely repayment of the 2nd)
Benefits
- Collateral-free loan of ₹10,000 → ₹20,000 → ₹50,000
- 7% interest subsidy credited to your account on timely repayment
- Cashback of up to ₹1,200 a year for digital transactions
- No processing fee; helps build a formal credit history
Eligibility
- Street vendors with a Certificate of Vending (CoV) or ID card
- Vendors identified in the urban local body survey
- Vendors left out of the survey / who started later can apply with a Letter of Recommendation (LoR)
Documents Required
- Aadhaar card (linked to mobile number)
- Certificate of Vending / Vendor ID
- Bank account details (for DBT)
PM SVANidhi Loan Apply Online — Step by Step
- Go to the official portal pmsvanidhi.mohua.gov.in and select your loan amount (₹10,000 / ₹20,000 / ₹50,000).
- Log in with your mobile number and OTP and complete Aadhaar verification.
- Fill the application form and upload your vendor details and bank account.
- Submit — a bank / lending institution or CSC/banking correspondent processes your application.
- After approval, the loan is credited to your bank account.
How to Check PM SVANidhi Loan Status
- Open pmsvanidhi.mohua.gov.in and log in with your registered mobile number and OTP.
- Go to your dashboard / Application Status.
- View whether your application is Pending, Approved or Disbursed, and the lender assigned.
- You can also check status through the PM SVANidhi mobile app or by contacting the lending bank.
Interest Rate & Subsidy
Interest rates depend on the lending institution, but borrowers who repay on time receive a 7% interest subsidy (credited half-yearly), which sharply lowers the effective cost. Timely repayment also unlocks the next higher loan and boosts your credit profile.
SVANidhi Se Samriddhi
Under SVANidhi Se Samriddhi, PM SVANidhi beneficiaries and their families are also linked to other welfare schemes such as PM-JAY, PM Suraksha Bima, PM Jeevan Jyoti Bima, Jan Dhan and more — after a short profiling.
Helpline
PM SVANidhi toll-free helpline: 1800-11-1979.
Frequently Asked Questions
Q. How much loan can a street vendor get under PM SVANidhi?
₹10,000 first, then ₹20,000, and up to ₹50,000 on timely repayment of the earlier loan.
Q. How do I apply for the PM SVANidhi ₹50,000 loan online?
Log in at pmsvanidhi.mohua.gov.in with your mobile OTP, choose the ₹50,000 (3rd) loan, complete the form and submit; you must have repaid the earlier tranches on time.
Q. How can I check my PM SVANidhi loan status?
Log in to the portal or the PM SVANidhi app with your registered mobile number and open Application Status to see if it is pending, approved or disbursed.
Q. Is a CIBIL score required for a PM SVANidhi loan?
A high CIBIL score is not mandatory. PM SVANidhi is designed for street vendors who often lack formal credit history; loans are collateral-free and based on your vendor identification, though lenders may review your repayment record for higher tranches.
Q. Is PM SVANidhi collateral-free?
Yes — the loans are fully collateral-free, with a 7% interest subsidy and cashback for digital payments.