PM SVANidhi Scheme 2026: Apply Online for 10k/20k/50k Street Vendor Loan
Empowering Micro-Entrepreneurs with Low-Interest Loans
The PM SVANidhi Scheme (PM Street Vendor's AtmaNirbhar Nidhi) is designed to help street vendors recover their livelihoods by providing access to affordable working capital loans. The scheme offers progressive loan tranches of ₹10,000, ₹20,000, and ₹50,000. Here is how you can apply online.
1. Loan Tranches & Interest Subsidies
First-time applicants can request a loan of up to ₹10,000, repayable in monthly installments over one year. On timely repayment, you qualify for the second tranche of ₹20,000, and eventually the third tranche of ₹50,000. Vendors also get a 7% interest subsidy credited directly to their accounts.
2. Digital Transaction Cashback Incentives
The scheme encourages digital payments by offering cashback rewards of up to ₹100 per month for vendors who accept payments via UPI (GPay, PhonePe, Paytm). This effectively makes the loan interest-free for active digital vendors!
3. Application Steps
Visit pmsvanidhi.mohua.gov.in. Verify your mobile number linked to Aadhaar. Upload your Vendor ID Card (LoR) and banking details. Select your preferred lending bank and submit the application. Bank approvals are typically completed in under 7 days. Track your loan status on our portal today!
Official Information Source: YojanaGhar provides detailed information based on official announcements and notifications. Please check official government portals (like pmkisan.gov.in, scholarship.up.gov.in, etc.) for final confirmation and applications.