PM SVANidhi Yojana 2025 (PM SVANidhi 2.0)

The Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) Scheme 2025 is a flagship initiative of the Central Government, originally launched on 1st June 2020.

It provides short-term working capital loans to street vendors (e.g., rehdi / patri valas / phereewalas) to help them sustain and expand their businesses.

Key Highlights of PM SVANidhi 2.0

Revised & Enhanced: The scheme has been relaunched as PM SVANidhi 2.0 with additional benefits for vendors.
Objective: To empower street vendors and promote their financial inclusion by providing affordable loans.
Loan Amount: Up to ₹10,000 (repayable in monthly installments).
Eligibility: Street vendors who were vending on or before 24th March 2020.
Interest Subsidy: 7% per annum (on timely repayment).
Additional Benefits: Includes incentives for digital payments, increase in loan amount on timely repayment, and access to government schemes.

Online Application Process

Visit Official Website: https://pmsvanidhi.mohua.gov.in
Select Application Type:
- New Applicant – First-time applicants
- Existing Beneficiary – Previous scheme participants
Fill Personal & Business Details:
- Name, address, type of business, vending location
Upload Documents:
- Aadhaar Card
- Business Proof (license or identity card)
- Bank Passbook / Cancelled Cheque
Submit Application: Complete verification via OTP and submit the application.

Why Apply for PM SVANidhi 2.0?

Provides working capital loans to sustain street vending businesses.
Encourages financial inclusion and formalization of vendors.
Offers incentives and loan upgradation for regular repayment.
Accessible through a completely online process.

Key Features of PM SVANidhi Yojana (2025 Update)

Loan Amounts & Repayment Terms:
- First Loan: ₹10,000 for a 1-year tenure.
- Second Loan: ₹20,000 upon timely repayment of the first loan.
- Third Loan: ₹50,000 upon timely repayment of the second loan.
- UPI-linked Credit Card: Vendors who have successfully repaid the previous loans are eligible for a credit card with a ₹30,000 limit.
Interest Subsidy: A 7% annual interest subsidy is provided on timely or early repayment of the loan.
Digital Transaction Incentives: Vendors are encouraged to adopt digital payment methods and can earn cashback incentives of ₹50 to ₹100 per month for conducting digital transactions.
Extension of Scheme: The scheme has been extended until March 31, 2030, with a total financial outlay of ₹7,332 crore, aiming to benefit 1.15 crore vendors, including 50 lakh new beneficiaries.

Eligibility Criteria

Street Vendors: Any street vendor engaged in vending prior to March 24, 2020, as identified in the survey conducted by Urban Local Bodies (ULBs).
Identification Requirement: Possession of a Certificate of Vending or a Letter of Recommendation from the ULB or Town Vending Committee.
Coverage: The scheme is applicable to street vendors in both urban and peri-urban areas across India.

Additional Support

Capacity Building: The scheme focuses on building the capacity of street vendors by providing training in financial literacy, entrepreneurship, digital skills, and marketing.
Lok Kalyan Melas: Monthly Lok Kalyan Melas are organized to ensure the holistic welfare and development of street vendors and their families.

PM SVANidhi Yojana 2.0 – Online Registration & Loan Application Guide

Step 1: Visit the Official Portal

Open your browser and go to the official website: https://pmsvanidhi.mohua.gov.in
On the homepage, click “Apply For Loan”.

Step 2: Select Application Type

New Applicant: If this is your first time applying.
Existing Beneficiary: If you have applied under the previous PM SVANidhi scheme.

Step 3: Enter Personal Details

Provide your Aadhaar number and mobile number.
You will receive an OTP on your registered mobile for verification.
Enter the OTP to proceed.

PM Svanidhi Login

Step 4: Fill the Application Form

Personal Information: Name, address, gender, and date of birth.
Business Details: Type of street vending business (rehdi, patri, phereewala), vending location, years of operation.
Bank Details: Bank name, account number, IFSC code for loan disbursement.

Step 5: Upload Required Documents

Aadhaar Card (Identity proof)
Business Proof (Vending license, ID card, or certificate from local authority)
Bank Passbook or Cancelled Cheque

Make sure documents are clear, legible, and in the supported file format.

Step 6: Submit Application

Review all details carefully.
Click “Submit” to complete the application.
Note the Application ID for future reference.

Step 7: Loan Processing & Disbursement

The application will be verified by the concerned authorities.
Approved applicants will receive the loan directly in their bank account.
Timely repayment can lead to increased loan limit and access to further incentives.

Key Benefits of PM SVANidhi 2.0

Loans up to ₹10,000
Repayment period: 12 months
7% interest subsidy for timely repayment
Incentives for digital transactions
Financial inclusion and support for street vendors

Helpline & Contact Information

Helpline Number: +91-11-23417910
Email: pmsvanidhi.mohua@gmail.com
Official Website: https://pmsvanidhi.mohua.gov.in

PM SVANidhi Yojana: Letter of Recommendation (LoR) Application Guide

Purpose:
Street vendors who do not have any identity card or certificate to prove their status as vendors can now apply online for a Letter of Recommendation (LoR). This LoR helps them avail a loan under the PM SVANidhi Yojana.

Online Application Steps:

Visit the Application Portal:
Go to the official LoR application link (provided by the government for SVANidhi applications).
Mobile Number Verification:
- Enter the mobile number linked with your Aadhaar.
- Verify the OTP received on your mobile.
Aadhaar Verification:
- Enter your Aadhaar number.
- Verify the OTP sent to the registered mobile number.
Fill the Application Form:
- After verification, the loan application form will appear.
- Fill in all required details accurately.
Request Local Enquiry:
- Under the Documents section, select “Yes” in the Request for Local enquiry report by TVC/ULB (Request letter to the ULB) dropdown.
Submit the Application:
- Click the Submit button to complete your request.

Offline Application Steps:

Write a simple application on white paper requesting the ULB to conduct a local enquiry to verify your status as a vendor.
Submit this application to the Urban Local Body (ULB) office.
ULBs will process and dispose of your request within 15 days.

After Getting LoR:

Once the LoR is issued, you will receive either:
- A Certificate of Vending, or
- An Identity Card within 30 days.
This certificate or ID card can then be used to apply for loans under PM SVANidhi Yojana.

PM Svanidhi Loan Application Form PDF

To download PM Svanidhi Yojana Loan Application Form in PDF format, visit the same official PM SVANIDHI Scheme Portal at http://pmsvanidhi.mohua.gov.in/. At this page, go to “Planning to Apply for Loan” section, follow 3 steps before applying online. These 3 steps are Understand the Loan Application requirements, make sure your mobile no is linked to your Aadhaar, check your eligibility status as per scheme Rules and then click at “View More” button.

At the new page, click at the “View / Download Form” link and the First page of PM Svanidhi Common Loan Application Form will appear as shown below:

PM Svanidhi Loan Application Form — Applications and Loan Stats

PM SVANidhi Yojana 2025 (PM SVANidhi 2.0)