The full form of PM Svanidhi is Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi. The scheme was launched in June 2020 and has now been officially extended till 31 March 2030 with enhanced loan limits and new features such as a UPI-linked RuPay Credit Card facility.
The scheme helps small vendors restart or expand their businesses by providing collateral-free loans along with interest subsidy and digital transaction rewards.
PM Svanidhi Yojana Overview
| Particulars | Details |
| Scheme Name | PM Svanidhi Yojana |
| Full Form | Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi |
| Beneficiaries | Street Vendors and Hawkers |
| First Loan Amount | ₹15,000 |
| Second Loan Amount | ₹25,000 |
| Third Loan Amount | ₹50,000 |
| Interest Subsidy | 7% |
| Loan Type | Working Capital Loan |
| Scheme Status | Active |
| Scheme Extended | Till 31 March 2030 |
| Official Website | PM Svanidhi Portal |
PM Svanidhi Yojana Apply Online for ₹15,000 Loan
Eligible street vendors can apply online for the first tranche loan directly through the official portal.Steps to Apply for 15K Loan
- Visit the official website: PM Svanidhi Portal
- On the homepage, go to the Apply for Loan section and click on Apply for 15K or directly open: Apply for 15K Loan
- Enter mobile number and captcha code.
- Click on Request OTP.
- Verify the OTP received on your registered mobile number.
- Complete the application process through the following steps:
- Check Vendor Category
- Fill Application Form
- Upload Documents
- Submit Application
PM Svanidhi Yojana Apply Online for ₹25,000 Loan
Street vendors who repay the first tranche loan within the stipulated time become eligible for the second tranche loan of ₹25,000.Steps to Apply for 25K Loan
- Visit the official portal: PM Svanidhi Portal
- Click on Apply for 25K or directly open: Apply for 25K Loan
- Select your state.
- Enter Aadhaar number, mobile number and captcha code.
- Verify OTP and complete the online application process.
PM Svanidhi Yojana Apply Online for ₹50,000 Loan
Street vendors who have repaid both the first and second tranche loans on time can apply online for the third tranche loan.Steps to Apply for 50K Loan
Steps to Apply for PM Svanidhi Credit Card
Steps to Check PM Svanidhi Application Status
- Visit the official website: PM Svanidhi Portal
- Click on Apply for 50K or directly open: Apply for 50K Loan
- Select state.
- Enter Aadhaar number, mobile number and captcha code.
- Verify OTP and submit the application.
PM Svanidhi Credit Card Apply Online
The PM Svanidhi Credit Card facility is available for vendors who have successfully repaid their second tranche loan. This facility helps vendors access instant working capital through a UPI-linked RuPay Credit Card.Steps to Apply for PM Svanidhi Credit Card
- Visit the official portal: PM Svanidhi Portal
- Click on Apply for Credit Card or directly open: Apply for PM Svanidhi Credit Card
- Enter mobile number and captcha code.
- Request OTP and complete verification.
- Submit the online credit card application form.
PM Svanidhi Application Status Check
Applicants can track their PM Svanidhi loan application status online through the official portal.Steps to Check PM Svanidhi Application Status
- Visit the official website: PM Svanidhi Portal
- Click on the Know Your Application Status option.
- Enter:
- Application Number
- Mobile Number
- OTP
- Click on the Search button to track application status.
PM Svanidhi Yojana Benefits
The scheme offers multiple benefits to eligible street vendors:- Initial working capital loan up to ₹15,000.
- Interest subsidy of 7% on timely or early repayment.
- Monthly cashback incentive on digital transactions.
- Eligibility for higher loan amounts after successful repayment.
- Digital transaction incentives up to ₹1,600.
- UPI-linked RuPay Credit Card facility for eligible vendors.
Objectives of PM Svanidhi Scheme
The key objectives of the scheme are:- To provide affordable working capital loans to street vendors.
- To encourage regular and timely loan repayment.
- To reward digital transactions through cashback incentives.
- To improve financial inclusion among small vendors.
PM Svanidhi Loan Amount Details
Under the restructured PM Svanidhi Scheme, vendors can avail loans in three stages:
| Loan Tranche | Loan Amount | Eligibility |
| First Tranche | ₹15,000 | New eligible vendor |
| Second Tranche | ₹25,000 | Timely repayment of first loan |
| Third Tranche | ₹50,000 | Timely repayment of first and second loan |
Who is Eligible for PM Svanidhi Yojana?
Street vendors and hawkers engaged in selling goods or providing services in public places are eligible under the scheme.Eligible categories include:
- Vegetable sellers
- Fruit vendors
- Tea vendors
- Street food vendors
- Bread and egg sellers
- Textile and apparel vendors
- Book and stationery sellers
- Barbers
- Cobblers
- Pan shop owners
- Laundry service providers
Which Institutions Provide PM Svanidhi Loans?
Loans under the scheme are provided by:- Scheduled Commercial Banks
- Regional Rural Banks
- Small Finance Banks
- Cooperative Banks
- Non-Banking Financial Companies (NBFCs)
- Micro Finance Institutions (MFIs)
- SHG Banks
PM Svanidhi Scheme Latest Updates 2026
- Scheme Extended till 2030 - The government has extended the PM Svanidhi Scheme till 31 March 2030.
- Increased Loan Limits
- First tranche increased from ₹10,000 to ₹15,000.
- Second tranche increased from ₹20,000 to ₹25,000.
- Third tranche remains ₹50,000.
- Vendors from Census Towns Eligible - Street vendors from Census Towns are now eligible for benefits under the scheme.
- Vendor Mobility (ULB Transfer) Facility - The new ULB transfer facility allows vendors to update their Urban Local Body details after migration to another vending location.
- Digital Transaction Incentives - Vendors can receive cashback incentives up to ₹1,600 for digital retail and wholesale transactions.
Documents Required for PM Svanidhi Registration
Applicants may need the following documents while applying online:- Aadhaar Card
- Mobile Number
- Vendor ID Card or Certificate
- Bank Account Details
- Passport Size Photograph
FAQ
Q1. What is PM Svanidhi Yojana?PM Svanidhi Yojana is a government micro-credit scheme for street vendors offering collateral-free working capital loans.
Q2. Is PM Svanidhi Scheme active in 2026?
Yes, the scheme is active and extended till 31 March 2030.
Q3. What is the first loan amount under PM Svanidhi?
Eligible vendors can get a first tranche loan of ₹15,000.
Q4. Can I apply for PM Svanidhi online?
Yes, the scheme is active and extended till 31 March 2030.
Q3. What is the first loan amount under PM Svanidhi?
Eligible vendors can get a first tranche loan of ₹15,000.
Q4. Can I apply for PM Svanidhi online?
Yes, vendors can apply online through the official PM Svanidhi Portal.
Q5. Who is eligible for PM Svanidhi 50K loan?
Vendors who successfully repay the first and second tranche loans on time become eligible for the ₹50,000 third tranche loan.
Vendors who successfully repay the first and second tranche loans on time become eligible for the ₹50,000 third tranche loan.
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