pmsvanidhi.mohua.gov.in PM SVA Nidhi Scheme 2025, Eligibility, Benefits, Apply Online The PM SVANidhi Scheme, or Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi, was launched by the Ministry of Housing and Urban Affairs on June 1, 2024. The scheme primarily aims to help street vendors resume their businesses, which were severely affected due to the COVID-19 lockdown. This scheme is designed to provide affordable working capital loans so that street vendors can resume their livelihoods and gain financial stability.
It is managed by the Small Industries Development Bank of India to implement the scheme effectively in all parts of the country. The PM SVANidhi Scheme has emerged as a significant initiative to empower small vendors and increase their access to formal credit systems by offering collateral-free loans and digital transactions.
PM SVA Nidhi Scheme 2025 Overview
| Scheme Name | PM SVANidhi (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) |
| Launch Date | June 1, 2024 |
| Launched By | Ministry of Housing and Urban Affairs |
| Objective | To provide affordable working capital loans to street vendors to resume their livelihoods. |
| Target Beneficiaries | Street vendors affected by the COVID-19 lockdown |
| Loan Amount | Up to ₹10,000 for the first cycle (higher amounts for subsequent cycles upon timely repayment) |
| Interest Subsidy | 7% per annum (credited quarterly for timely repayment) |
| Digital Transaction | Incentives Cashback on adopting digital payment methods |
PM SVA Nidhi Scheme Eligibility 2025
- This scheme is open to the street vendors who were involved in vending before March 24, 2020.
- Vendors from both urban and peri-urban areas are eligible.
- A certificate of vending or a letter of recommendation from the Urban Local Body (ULB) is required for registration.
PM SVA Nidhi Scheme Benefits 2025
- Economic Revival: Offers financial support to vendors to reconstruct their ventures after COVID.
- Social Empowerment: Street vendors become empowered to improve their dignity and financial independence.
- Financial Inclusion: Brings vendors to the formal financial system as a means of stability.
Key Features of PM SVANidhi Scheme 2025
- Cheap Loans: Street vendors can take up a working capital loan up to ₹10,000 with an initial tenure of one year without requiring any collateral.
- Interest Subsidy: Vendors making timely loan repayments are eligible for an interest subsidy of 7% per annum, credited quarterly to their accounts.
- Digital Transactions: The scheme motivates the vendors to accept digital means of payment by providing cashback incentives.
- Loan Extension : The vendor is allowed access to a higher loan after repaying the first successfully, thereby helping them expand their businesses in subsequent cycles.
How to PM SVA Nidhi Scheme 2025 Apply Online?
- Visit the official website of pmsvanidhi.mohua.gov.in PM SVANidhi Yojana 2025.
- Click on “Apply for Loan” and register with your mobile number and OTP.
- Fill the application form with personal, business, and Aadhaar details.
- Upload required documents such as a Certificate of Vending or a recommendation from the ULB.
- Choose a lending institution such as a bank, microfinance institution, or NBFC.
- Review and submit the completed application form.
- You can track your application status through the portal using your registered credentials. Once approved, the loan amount will be credited directly to your bank account.
Important Link
| Official Website | Click Here |
| Homepage | Click Here |