PM SVANidhi — Micro Credit for Street Vendors
MoHUA
📋 Overview
PM SVANidhi provides affordable working capital loans to street vendors: first tranche up to ₹10,000; second up to ₹20,000; third up to ₹50,000 upon timely repayment. An interest subsidy of 7% is credited on prompt repayment via direct benefit transfer.
Benefit summary
Collateral-free working capital up to ₹50,000 plus 7% interest subsidy.
📎 Typical documents
- ✓Certificate of Vending / LoR
- ✓Identity proof
- ✓Bank account details
AIFund provides discovery and workflow assistance. Eligibility scores are indicative and must not be treated as approval, sanction or a government decision. Verify current rules on the responsible authority's official portal.