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PM STREET VENDOR'S ATMANIRBHAR NIDHI (PM SVANIDHI) 2.0

PM STREET VENDOR'S ATMANIRBHAR NIDHI (PM SVANIDHI) 2.0

 

Street vendors engaged in vending in urban areas as on or before March 24, 2020. Recognising the positive impact and widespread adoption of the scheme, the Government of India has approved the extension of the lending period till March 31, 2030. Liabilities under the components like Credit Guarantee, Interest Subsidy for loans and incentives for digital transactions etc. will be serviced until March 31, 2033, while credit guarantee claims for credit card will be serviced until March 31, 2035.

The scheme intends to facilitate collateral free working capital loans of up to Rs 15,000/- of one-year tenure, to approximately 60 lakh street vendors, to help resume their businesses in the urban areas, including surrounding peri-urban/rural areas. Further the scheme supports SVs with repeat loans of Rs 25,000 under tranche -II and Rs 50,000 under tranche-III.


To support the Street Vendors (SVs) with credit for working capital to resume their business along with additional benefits.

The PM SVANidhi scheme offers incentives in the form of:

  • Interest subsidy @ 7% per annum on regular repayment of loan
  • Cashback up to Rs. 1200/- per annum on undertaking prescribed digital transactions.
  • Eligibility for enhanced next tranche of loans.

Tranche 1: Loan amount: Min Rs. 5,000/- up to Max Rs. 15,000/-

Tranche 2: Loan amount: Min Rs. 15,001/- up to Max Rs. 25,000/-

Tranche 3: Loan amount: Min Rs. 30000/- up to Max Rs. 50000/

Margin: Nil


Tranche 1: Tenure: 12 Months (In Equal Monthly Instalments - EMI).

Tranche 2: Tenure: 18 Months (EMI).

Tranche 3: Tenure: 36 Months (EMI).


EBLR (8.15%) + 1.75% =9.90% (rate w.e.f. 01.10.2025)


The vendors, availing loan under the scheme, are eligible to get an interest subsidy @ 7%


The credit facility under the scheme will be covered under CGTMSE,

Maximum guarantee coverage will be for

Tranche 1- 31.875% of portfolio

Tranche 2- 8.25% of portfolio

Tranche 3- 6% of portfolio


Last Updated On : Wednesday, 10-12-2025

Interest Rates

7.25%* p.a. onwards

w.e.f. 15.12.2025

*T&C Apply.

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