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PM SVANidhi — Rs 50K loan for street vendors (2026)

Working capital loan Rs 10K → 20K → 50K for street vendors with timely-repayment history. 7% interest subvention. Apply at any bank.

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—yojana:pm-svanidhi [2026/05/05 04:27] (current) – created - external edit 127.0.0.1
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 +{{htmlmetatags>
 +metatag-keywords=(pm svanidhi, street vendor loan, pm svanidhi 50000, vendor scheme, pm svanidhi 7 percent)
 +metatag-description=(Working capital loan Rs 10K → 20K → 50K for street vendors with timely-repayment history. 7% interest subvention. Apply at any bank.)
 +}}
  
 +====== PM SVANidhi — Rs 50K loan for street vendors (2026) ======
 +
 +{{:social:auto:yojana-pm-svanidhi.png?direct&1200 |PM SVANidhi — Rs 50K loan for street vendors (2026) — RTI Wiki}}
 +
 +<WRAP info>
 +**Working capital loan Rs 10,000 → Rs 20,000 → Rs 50,000 (escalating). 7% interest subvention. Cashback for digital transactions.**
 +
 +**Launched:** 2020  ·  **Issued by:** Ministry of Housing & Urban Affairs
 +</WRAP>
 +
 +===== Who is eligible =====
 +  * Street vendor with vending certificate / vending zone identification
 +  * Pre-existing vendor (had stopped during COVID is also eligible)
 +  * Aadhaar + bank account
 +  * Eligible for repeat loans on timely repayment
 +
 +===== What you get =====
 +Loan ladder: Rs 10K (Year 1, 12-month tenure) → Rs 20K (Year 2, 18-month) → Rs 50K (Year 3, 36-month). 7% interest subvention from %%MoHUA%%. Rs 100/month cashback for digital transactions (up to Rs 1,200/year).
 +
 +===== How to apply (step-by-step) =====
 +  - **Apply at any bank or via mobile app** — pmsvanidhi.mohua.gov.in or mobile app.
 +  - **Submit Aadhaar + identification** — Vendor certificate / urban local body certificate.
 +  - **Bank verifies + sanctions in 30 days** — No collateral.
 +  - **Repay within tenure** — Monthly EMIs.
 +  - **On full repayment — eligible for next-tier loan** — Auto-application for Rs 20K then Rs 50K.
 +
 +===== Documents needed =====
 +  * Aadhaar
 +  * Bank account
 +  * Vendor certificate (or urban local body letter)
 +  * Mobile number
 +
 +===== Timeline =====
 +Loan disbursal: 30-45 days from application.
 +
 +===== Portal + helpline =====
 +  * **Official portal:** [[https://pmsvanidhi.mohua.gov.in|pmsvanidhi.mohua.gov.in]]
 +  * **Helpline:** PM SVANidhi: 1800-1800-991
 +
 +===== Common issues =====
 +  * No vendor certificate — get one from urban local body; many cities issue free.
 +  * Bank refuses citing risk — escalate to SLBC PM SVANidhi coordinator.
 +  * Repayment failure — penalty + disqualification from next-tier; talk to bank for restructuring.
 +  * Digital cashback not credited — verify Aadhaar-bank-mobile link is active.
 +
 +===== Benefit delayed or rejected? File an RTI =====
 +
 +Most "delays" or "rejections" clear within 7-15 days of an RTI being filed. Use this 5-question template:
 +
 +<code>
 +1. Status of my application no. _____ dated _____ as on date.
 +2. Name + designation of dealing officer assigned to my file.
 +3. Reasons for delay beyond the statutory timeline.
 +4. Copy of any noting / movement of my file in the past 30 days.
 +5. Likely date of disbursement / decision.
 +</code>
 +
 +**Auto-fill the PIO + your case:** [[:citizen-rti-playbook|Open the AI RTI Drafter →]]
 +
 +**More schemes for you:** [[:audience:unorganised-workers|All unorganised workers schemes]]
 +
 +===== Frequently asked questions =====
 +==== Is collateral required? ====
 +No — fully collateral-free. Govt bears credit risk via interest subvention + guarantee.
 +
 +==== Can I apply for Rs 50K directly? ====
 +No — must complete Rs 10K → Rs 20K successfully first. Builds credit history.
 +
 +==== What if I default? ====
 +Disqualified from next tier. CGTMSE backstops loss to bank but you owe principal + interest.
 +
 +==== Loan delayed > 45 days? ====
 +File RTI to DUSIB / urban local body + bank SLBC coordinator.
 +
 +===== Summary + next step =====
 +
 +<WRAP center round tip 90%>
 +**Bottom line:** Working capital loan Rs 10,000 → Rs 20,000 → Rs 50,000 (escalating). 7% interest subvention. Cashback for digital transactions. Apply at **pmsvanidhi.mohua.gov.in**. If delayed beyond timeline, file an RTI — most cases clear within 15 days.
 +
 +  * **Apply now:** [[https://pmsvanidhi.mohua.gov.in|pmsvanidhi.mohua.gov.in]]
 +  * **If delayed — RTI Drafter:** [[:citizen-rti-playbook|File RTI in 5 minutes]]
 +  * **Browse all 150 yojanas:** [[:yojana:start|Sarkari Yojana index]]
 +</WRAP>
 +
 +===== Related =====
 +  * [[:yojana:start|All 150 Sarkari Yojanas]]
 +  * [[:check-status:start|25 status-check guides]]
 +  * [[:documents:start|30 documents-required checklists]]
 +  * [[:how-to-apply:start|25 how-to-apply guides]]
 +  * [[:rejection-recovery:start|16 rejection-recovery guides]]
 +  * [[:audience:start|10 audience-hub schemes]]
 +  * [[:helplines:start|32 helplines + grievance routes]]
 +  * [[:citizen-rti-playbook|Full RTI Playbook]]
 +
 +===== Sources =====
 +  * Official portal: pmsvanidhi.mohua.gov.in
 +  * Issued by: Ministry of Housing & Urban Affairs
 +  * Launched: 2020
 +  * Citizen feedback via [[https://righttoinformation.wiki/tools/awaaz-rti.html|%%AwaazRTI%%]] (composite, identifying details removed)
 +
 +//Last reviewed: 26 April 2026.//
 +
 +{{tag>yojana sarkari-yojana pm-svanidhi}}