PM Svanidhi Yojana, Loan Application Online, Eligibility 2026

PM Svanidhi (Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi) is a flagship micro-credit scheme launched by the Government of India on 1 June 2020 under the Ministry of Housing and Urban Affairs (MoHUA). The scheme aims to provide collateral-free working capital loans to street vendors so they can restart, expand, and strengthen their businesses.

Under the PM Svanidhi Yojana, eligible street vendors can initially receive a ₹10,000 loan. After successful repayment, beneficiaries become eligible for a second loan of ₹20,000 and a third loan of ₹50,000. The scheme also provides a 7% annual interest subsidy along with monthly cashback rewards for digital transactions.

The PM Svanidhi Scheme helps street vendors access formal banking services, build a strong credit history, improve financial inclusion, and become economically self-reliant. Millions of street vendors across India have already benefited from this government initiative.

👤 Applicant Login 🏦 Lender / DPA 🏛️ City Nodal Officer 🌐 Official Website
PM SVANidhi Official Portal

PM Svanidhi Scheme Highlights

Particulars Details
Scheme Name PM Svanidhi Yojana
Full Form Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi
Launched By Ministry of Housing and Urban Affairs (MoHUA)
Launch Date 1 June 2020
Beneficiaries Street Vendors
Loan Amount ₹10,000, ₹20,000 & ₹50,000
Interest Subsidy 7% per annum
Collateral Required No
Repayment Period Up to 12 Months
Digital Cashback Up to ₹100 per month
Application Mode Online & Offline
Coverage All States and Union Territories
Official Portal pmsvanidhi.mohua.gov.in
Helpline Number 1800 11 1979

PM Svanidhi Loan Structure

The PM Svanidhi loan is provided in three progressive stages to help street vendors expand their businesses while encouraging timely loan repayment.

  • First Loan: ₹10,000 working capital loan.
  • Second Loan: ₹20,000 after successful repayment of the first loan.
  • Third Loan: ₹50,000 after successful repayment of the second loan.
  • No collateral or security is required.
  • Loans are provided through participating banks and lending institutions.
This structured loan system encourages responsible repayment while providing street vendors with higher financial support as their businesses grow.

Objectives of the PM Svanidhi Yojana

The PM Svanidhi Yojana has been introduced to strengthen the livelihoods of street vendors by providing easy access to financial assistance and encouraging sustainable business growth. The major objectives of the scheme include:

  • Provide easy access to collateral-free working capital loans.
  • Help street vendors restart and expand their businesses.
  • Reduce dependency on informal money lenders.
  • Encourage digital transactions and cashless payments.
  • Improve financial literacy among vendors.
  • Create a formal credit history for future loan eligibility.
  • Promote self-employment and entrepreneurship.
  • Strengthen the urban informal economy.

PM SVANidhi Yojana Online Registration 2026

Street vendors can apply for the PM SVANidhi Yojana online through the official portal to obtain a working capital loan. Follow the steps below carefully to complete the application process successfully.

1

Visit the PM SVANidhi Portal

Open the official PM SVANidhi portal and navigate to the login or loan application section. Ensure that you are using the official government website before proceeding.

PM SVANidhi Step 1 - Visit Portal
2

Login Using Mobile Number

Enter your registered mobile number and the captcha code. Click on "Request OTP" to receive the verification code.

PM SVANidhi Step 2 - Login Using Mobile Number
3

Verify OTP

Enter the OTP received on your mobile phone to complete the verification process and access the application dashboard.

PM SVANidhi Step 3 - Verify OTP
4

Select Vendor Category

Select your vendor category and provide the required identification such as Certificate of Vending (CoV), Identity Card, Survey Reference Number (SRN), or Letter of Recommendation (LoR).

PM SVANidhi Step 4 - Select Vendor Category
5

Enter Survey Reference Number

Provide your Survey Reference Number (SRN) or other vendor identification details requested by the portal.

PM SVANidhi Step 5 - Enter Survey Reference Number
6

Complete Aadhaar Verification

Enter your Aadhaar number and verify it using the OTP sent to your Aadhaar-linked mobile number.

PM SVANidhi Step 6 - Aadhaar Verification
7

Fill the Online Application Form

  • Applicant Name
  • Residential Address
  • Vendor Details
  • Business Activity Information
  • Loan Requirement
  • Bank Account Details
PM SVANidhi Step 7 - Fill Online Application Form
8

Upload Required Documents

  • Aadhaar Card
  • Vendor ID / Certificate of Vending
  • Letter of Recommendation (if applicable)
  • Bank Passbook
  • Passport Size Photograph
PM SVANidhi Step 8 - Upload Required Documents
9

Review the Application

Verify all information and uploaded documents carefully before final submission.

PM SVANidhi Step 9 - Review Application
10

Submit the Application

Submit your application online. Save the generated application reference number for future use.

PM SVANidhi Step 10 - Submit Application
11

Track Application Status

Log in anytime using your registered credentials to track the application status.

PM SVANidhi Step 11 - Track Application Status

PM Svanidhi Eligibility Criteria

Before applying for a PM Svanidhi Loan, applicants must ensure that they satisfy the eligibility requirements prescribed under the scheme. PM SVANidhi is specially designed for street vendors operating in urban, peri-urban, and surrounding rural areas within the jurisdiction of Urban Local Bodies (ULBs).

Who Can Apply for PM Svanidhi Yojana?

Category A: Vendors with Certificate of Vending (CoV)

Street vendors possessing a valid Certificate of Vending (CoV) issued by their Urban Local Body (ULB) are eligible to apply directly for the PM SVANidhi loan.

Category B: Vendors Identified in ULB Survey

Street vendors identified in official ULB surveys but who have not yet received a Certificate of Vending or Identity Card are also eligible.

Category C: Vendors with Letter of Recommendation (LoR)

Vendors left out of the official survey or those who started vending later may apply using a Letter of Recommendation (LoR) issued by the ULB or Town Vending Committee.

Category D: Vendors from Peri-Urban & Rural Areas

Street vendors operating in nearby rural or peri-urban areas but conducting business within ULB limits can also apply using a valid Letter of Recommendation (LoR).

Eligible Types of Street Vendors

✔ Fruit Sellers
✔ Vegetable Vendors
✔ Tea Vendors
✔ Street Food Sellers
✔ Hawkers
✔ Rehriwala & Thelawala
✔ Flower Sellers
✔ Garment Vendors
✔ Footwear Sellers
✔ Book & Stationery Vendors
✔ Mobile Repair Vendors
✔ Laundry Service Providers
✔ Cobblers
✔ Barbers
✔ Artisans & Handicraft Sellers

Basic Eligibility Requirements

  • Must be a street vendor.
  • Must operate within the eligible area.
  • Must possess a CoV, ID Card or LoR.
  • Must have an Aadhaar-linked bank account.
  • Must provide valid identity and address proof.
  • Must satisfy lender verification requirements.

Who Is Not Eligible?

  • Shop owners operating from permanent commercial establishments.
  • Large businesses and registered companies.
  • Applicants without valid vendor identification documents.
  • Individuals not engaged in street vending activities.

Why Eligibility Verification Is Important

Eligibility verification ensures that financial assistance reaches genuine street vendors requiring working capital support. Applicants should review all requirements carefully before submitting their application to avoid delays or rejection.

If you do not possess a Certificate of Vending, you may still qualify through a Letter of Recommendation (LoR) issued by the Urban Local Body or Town Vending Committee.

Benefits of PM Svanidhi Login Portal

The PM Svanidhi Login Portal provides a simple and secure way for beneficiaries to manage their loan applications and access important scheme-related services online. The portal helps street vendors by offering the following benefits:

  • Apply for loans easily.
  • Track application progress.
  • Access the latest scheme updates.
  • Check loan repayment details.
  • Manage account information securely.
The PM Svanidhi Login Portal has made the entire loan process more transparent, convenient, and user-friendly for street vendors across India.

Documents Required for PM Svanidhi Yojana

For Category A & B Vendors

  • Certificate of Vending (CoV)
  • Identity Card issued by Urban Local Body (ULB)

For Category C & D Vendors

  • Letter of Recommendation (LoR)

KYC Documents (Along with CoV / ID / LoR)

Aadhaar Card
Voter ID Card
Driving License
MNREGA Card
PAN Card

Documents Required for Letter of Recommendation (LoR)

  • Copy of Bank Account Statement or Passbook
  • Membership Card or Valid Proof of Association
  • Supporting Document Proving Vending Activity
  • Request Letter Submitted to the Urban Local Body (ULB)

For Second Loan Application

  • Loan Closure Document of the Previous Loan

PM Svanidhi Loan Apply Online 2026: Step-by-Step Registration Process

Eligible street vendors can complete the PM Svanidhi Loan Apply Online process through the official PM Svanidhi portal. The online application system allows vendors to submit their loan request, upload documents, and track application status from anywhere.

1

Visit the PM Svanidhi Portal

Open the official PM Svanidhi website and navigate to the applicant section.

2

Click on "Apply for Loan"

Select the loan application option on the homepage and proceed to the registration page.

3

Enter Mobile Number

Provide your registered mobile number and complete the captcha verification.

4

Verify OTP

Enter the OTP received on your registered mobile number to verify your identity and continue.

5

Enter Vendor Details

  • Applicant Name
  • Aadhaar Details
  • Vendor Category
  • Address Information
  • Business Details
  • Survey Reference Number (SRN), if available
6

Upload Required Documents

  • Aadhaar Card
  • Bank Passbook
  • Certificate of Vending (CoV) / ID Card / Letter of Recommendation (LoR)
  • Passport-size Photograph
  • Other Required Documents
7

Review Application Form

Carefully verify all information entered before proceeding with the final submission.

8

Submit Application

Click the Submit button to complete the PM Svanidhi loan application process.

9

Save Application Reference Number

After successful submission, save the application/reference number for future tracking and loan status checks.

PM Svanidhi Helpline Number & Contact Details

Address Ministry of Housing and Urban Affairs (MoHUA), Government of India, Room No. 232-C, Nirman Bhawan, New Delhi, India
Contact Number 9321702101
Toll-Free Number 1800 11 1979 (9:30 AM to 6:00 PM, Monday to Saturday)
Scheme-related Queries Email querysvs@cgtmse.in
Technical Queries Email itsupportsvs@cgtmse.in
Official Portal pmsvanidhi.mohua.gov.in

Frequently Asked Questions (FAQs)

1. What is PM Svanidhi Yojana?

PM Svanidhi (Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi) is a government scheme that provides collateral-free working capital loans to street vendors to support and expand their businesses.

2. What is the full form of PM Svanidhi?

PM Svanidhi stands for Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi.

3. Who launched PM Svanidhi Yojana?

The scheme was launched by the Ministry of Housing and Urban Affairs (MoHUA), Government of India, on 1 June 2020.

4. Who can apply for PM Svanidhi Loan?

Eligible street vendors with a Certificate of Vending (CoV), Identity Card, or Letter of Recommendation (LoR) can apply.

5. How can I apply for PM Svanidhi Loan online?

You can apply through the official PM Svanidhi portal by completing registration, uploading documents, and submitting the online application form.

Owen

Owen Reed is a content writer and government scheme researcher at PM-Svanidhi, dedicated to simplifying information about PM SVANidhi Yojana, eligibility, registration, loans, and application processes for street vendors across India. Content is created to help readers understand official scheme details through clear and easy-to-follow guides.