Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Yojana was rolled out by the Government of India in June 2020 as a scheme that offers financial relief to street vendors. The PM SVANidhi Yojana 2025 focuses on allowing street vendors to get back their economy from COVID-19 losses by providing working capital loans, free of any collateral. Considering the success rate of the program, the same has been upgraded till December 2025 with an aim of assisting more street vendors in going self-reliant.
PM Svanidhi Yojana 2025
The PM SVANidhi Yojana 2025 is a major scheme that empowers street vendors by offering them easy access to collateral-free working capital loans. With incentives such as interest subsidies and digital payment incentives, the scheme stabilizes and grows the business of vendors. If you are a street vendor, apply now and grow your business with government assistance.
Objectives of Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi 2025
- 1. Offer collateral-free working capital loans to street vendors.
- 2. Facilitate vendors to revive and grow their businesses after the pandemic.
- 3. Support digital transactions through incentives.
- 4. Foster financial inclusion by connecting vendors with formal banking channels.
- 5. Facilitate vendors in creating a credit history to secure loans in the future.
Advantages of PM SVANidhi Yojana 2025
| Benefit | Details |
| Initial Loan Amount | Up to 10000 |
| Second Loan | Rs 20000( After repayment of the first loan) |
| Third Loan | Rs 50000 ( After repayment of the second loan) |
| Any Collateral required | No need to pledge any asset |
| Interest Subsidy | 7% subsidy on timely repayment |
| Digital Payment Incentive | Cashback of up to 1200 per year |
| No Penalty on early Repayment | Vendors can repay early without extra charges |
| Category | Yojana |
| Official Website | pmsvanidhi.mohua.gov.in |
Eligibility For pmsvanidhi.mohua.gov.in Yojana 2025
Who Is Eligible To Apply?
Following people can apply for PM SVANidhi Yojana:
- 1. Street vendors dealing in the selling of goods or services in peri-urban and urban spaces.
- 2. Those vendors possessing Certificate of Vending (CoV) or having been recognized via survey lists of Urban Local Bodies (ULBs).
- 3. Vendors who began their business prior to March 24, 2020.
- 4. Vendors who do not possess a CoV but are authenticated by local authorities.
Ineligible Applicants
Vendors who already have a registered business with a shop.
Vendors who do not engage in street vending.
PM SVANidhi Yojana Online Registration
Step 1: Online Registration
- 1. Open the official PM SVANidhi portal: https://pmsvanidhi.mohua.gov.in/
- 2. Click on “Apply for Loan” and select your vendor category.
- 3. Provide your mobile number and authenticate through OTP.
- 4. Enter personal and business information in the application form.
Step 2: Upload Required Documents
- Following documents have to be submitted by the applicants:
- Aadhaar Card (connected with a mobile number)
- Voter ID or PAN Card
- Certificate of Vending (CoV) (if it exists)
- Bank account information
- Urban Local Body (ULB) verification (if no CoV)
Step 3: Submit Application
- Check all details and submit the application.
- Note down the application reference number for tracking.
- The application is forwarded for verification and approval by the authorities.
- Disbursement of the Loan
- After approval, the loan is credited directly to the bank account of the applicant.
- Applicants are eligible for a second loan of ₹20,000 after paying off the first loan in full.
- On repaying the second loan, they can apply for ₹50,000.
How to Track pmsvanidhi.mohua.gov.in Application Status 2025
- 1. Go to the official website: https://pmsvanidhi.mohua.gov.in/
- 2. Click on “Track Application Status”.
- 3. Insert the application reference number or Aadhaar number.
- 4. Click on “Check Status” in order to check approval progress.
Documents Needed For Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi 2025
| Document | Purpose |
| Aadhar Card | Identity Proof |
| Voter ID/ Pan | Secondary Identity Proof |
| Certificate of Vending | Proof of a being a street vendor |
| Bank Account Details | Loan Disburement |
| Local Body Verification | If CoV is not available |
pmsvanidhi.mohua.gov.in Yojana Registration 2025
| PM SVANidhi Yojana Registration 2025 | Apply Here |
Frequently Asked Questions On PM SVANidhi Yojana 2025
Who is eligible to apply for the PM SVANidhi Yojana 2025?
Answer: Any street vendor working in peri-urban and urban areas prior to March 24, 2020, is eligible. Vendors must be in possession of a Certificate of Vending (CoV) or recognition by local authorities.
What is the highest amount that can be taken as a loan under PM SVANidhi?
The scheme sanctions loans in three phases:
₹10,000 (initial loan)
₹20,000 (second loan upon full repayment of first loan)
₹50,000 (third loan after second loan has been fully repaid)
Is there collateral for the loan?
No, loans under PM SVANidhi are collateral-free, so vendors do not have to provide any assets as guarantee.
What is the interest subsidy rate under PM SVANidhi?
7% interest subsidy is offered on timely repayment.
How do I apply for the PM SVANidhi loan online?
You can apply online at the official website https://pmsvanidhi.mohua.gov.in/ by registering, filling up the application form, and uploading documents as may be required.
Soniya Sahota is Finance professional with MBA Finance degree from University Of London, she completed her Master’s in ’15. Now she is working as a senior content editor at D News, Finance, Education & Sports News portal.