PM SVANidhi Yojana 2026 — Street Vendor Loan ₹10k → ₹50k

Direct answer. PM SVANidhi gives progressive working-capital loans to street vendors — ₹10,000 (1st), ₹20,000 (2nd, after on-time repayment), ₹50,000 (3rd, after second on-time). 7% interest subsidy (effective rate near zero). No collateral. Cashback ₹100/month for digital transactions. Apply at any bank, NBFC, MFI or directly at https://pmsvanidhi.mohua.gov.in. 42 lakh+ loans disbursed.

• Loans: ₹10k → ₹20k → ₹50k progressive.
• 7% interest subsidy = effective ~₹0 cost if repaid on time.
• Cashback ₹100/month for ≥ 50 digital transactions.
• Vendor ID issued by Urban Local Body (ULB) — mandatory.
• Helpline: 1800-11-1979 (toll-free).
• Stuck? 🪄 RTI in 60 sec.

• Street vendor with valid vendor ID issued by ULB (Municipal Corporation / Council / Nagar Panchayat).
• OR vendor identified in survey conducted by ULB (interim if formal ID not yet issued).
• Aadhaar mobile-linked + bank account.
• Indian resident, age 18+.

Visit your ULB → vendor survey desk → register → ID issued in 7–30 days.

1. Aadhaar (mobile-linked)
2. Vendor ID / Certificate of Vending from ULB
3. Bank account (Aadhaar-seeded)
4. Photograph
5. Self-declaration of business

1. Online: https://pmsvanidhi.mohua.gov.in → “Apply for Loan”.
2. Aadhaar OTP verification.
3. Fill: vendor ID, ULB, type of vending, monthly income.
4. Pick lender (any PSU bank, NBFC, MFI, SHG bank).
5. Submit → application routed to lender.
6. Sanction in 7–10 days for new vendors.
7. Disbursal to your bank within 7 days of sanction.

• 12 months for ₹10k.
• 18 months for ₹20k.
• 36 months for ₹50k.
• Monthly EMI auto-debited from your bank.

• Bank's nominal rate: ~9–14%.
• Govt subvention 7% credited quarterly to your loan account (reduces principal).
• Effective rate to you: 2–7% depending on bank.
• Subvention only applies if repaid on time. Default = full rate.

• Make at least 50 digital transactions/month (UPI / RuPay) for vending business.
• ₹100 cashback credited to your loan account next month.
• Up to ₹1,200/year total cashback per vendor.

• No vendor ID — apply at ULB first; SVANidhi without vendor ID = rejection.
• Aadhaar–bank not seeded — disbursal silent failure.
• Multiple SVANidhi loans across lenders — one at a time only. System de-dupes.
• Not using digital transactions — miss the ₹100/month cashback (can total ₹3,600 over 3 years).
• Default on first ₹10k — blocks ₹20k upgrade. Pay on time always.

Apply for vendor ID at ULB first. During COVID times, ULBs accepted survey-based interim certificates; check your ULB if this is still active.

Common reasons: (a) vendor ID expired or wrong ULB, (b) Aadhaar–bank mismatch, © existing loan default, (d) wrong vending zone declared. File RTI to ULB / lender for grounds.

Yes — each vendor with separate vendor ID gets own SVANidhi.

Banks have discretion on ₹50k tranche. Try another lender. Or file RTI for written rejection grounds.

No — 2 missed EMIs flag default. Pay outstanding + 6 months on-time before upgrade.

Any UPI / RuPay debit card / QR-code transaction received OR paid via your registered SVANidhi-linked QR/UPI counts. NPCI tracks via your VPA.

Yes — pay outstanding principal + accrued interest. No prepayment penalty.

• PM Mudra — ₹50k–20 lakh business loans
• Jan Dhan — bank account first
• e-Shram — universal worker card
• Atal Pension Yojana — pension after 60
• 💰 All financial schemes

• PM SVANidhi official
• MoHUA — Ministry of Housing & Urban Affairs
• Helpline: 1800-11-1979

Last reviewed: 3 May 2026.

• Infographic concept: Progressive ladder: ₹10k → ₹20k → ₹50k tranches based on on-time repayment. Plus 7% interest subsidy and ₹100/month cashback for digital transactions.

1. Minimal icon of a street vendor with a hand-cart and rupee notes.
2. Three increasing coin stacks labelled '₹10k / ₹20k / ₹50k'.
3. Smartphone with QR code and ₹100 cashback callout.