PM SVANIDHI SCHEME

PM STREET VENDOR'S ATMANIRBHAR NIDHI. :--

A special micro credit facilty for street vendors.

 It is a Central Government scheme launched by the Ministry of Housing and Urban Affairs (MoHUA) in June 2020, aimed at supporting street vendors across India.

Eligibility :-- 

Must be an active street vendor in urban or semi-urban areas.

Required Documents:--

Identity Proof: Aadhaar Card, Voter ID Card, Driving License, PAN Card, or MNREGA Card. 

Proof of Address: (often covered by the identity proof). 

Bank Account: Details of your bank account for loan disbursement. 

Vendor Identification: A Certificate of Vending or Identity Card issued by the local Urban Local Body (ULB). 

If you don't have this, you can request the ULB to conduct a local survey to confirm your status as a street vendor. 

Passport-size photo . 

Loan Repayment Period:--

1st Loan Cycle Amount: Up to ₹ 10,000; Maximum Loan period: 12 months. 2nd Loan Cycle Amount: Up to ₹ 20,000; Maximum Loan period: 18 months.

CIBIL score is not required for a PM SVANidhi loan because the scheme aims to provide collateral-free loans to street vendors, including those with no credit history.

WHERE TO APPLY:-- 

You can apply for the PM SVANidhi scheme directly on the official portal at pmsvanidhi.mohua.gov.in, or through a Common Service Centre (CSC), Banks, or Banking Correspondents (BC)/Agents of Micro Finance Institutions (MFIs).