PM Street Vendor’s AtmaNirbhar Nidhi(PM SVANidhi)Frequently Asked Questions
1 .What is the PM Street Vendor’s AtmaNirbhar Nidhi(PM SVANidhi) Scheme?
This is a Central Sector Scheme to facilitate
street vendors to access affordable working
capital loan for resuming their livelihoods
activities, after easing of lockdown.
- What is the rationale of the Scheme?
The COVID-19 pandemic and consequent
lockdowns have adversely impacted the
livelihoods of street vendors. They usually work
with a small capital base, which they might have
consumed during the lockdown. Therefore,
credit for working capital to street vendors will
be helpful to resume their livelihoods.
- What are the objectives of the Scheme?
(i) To facilitate working capital loan up to
`10,000 at subsidized rate of interest;
(ii) To incentivize regular repayment of loan; and
(iii) To reward digital transactions.
- What are the salient features of the Scheme?
(i) Initial working capital of up to `10,000/-
(ii) Interest subsidy on timely/ early repayment
(iii) Monthly cash-back incentive on digital
(iv) Higher loan eligibility on timely repayment of
the first loan.
- Who is the target beneficiary for the
Street vendors/ hawkers vending in urban areas,
as on or before March 24, 2020, including the
vendors of surrounding peri-urban and rural
- Who is a Street Vendor/hawker?
Any person engaged in vending of articles,
goods, wares, food items or merchandise of
daily use or offering services to the public
in a street, footpath, pavement etc., from a
temporary built up structure or by moving
from place to place. The goods supplied by
them include vegetables, fruits, ready-to-eat
street food, tea, pakodas, breads, eggs, textile,
apparel, artisan products, books/ stationary
etc. and the services include barber shops,
cobblers, pan shops, laundry services etc.
- Which lending institutions will provide credit?
Scheduled Commercial Banks, Regional Rural
Banks, Small Finance Banks, Cooperative
Banks, Non-Banking Financial Companies,
Micro-Finance Institutions and SHG Banks.
- What is the tenure of the Scheme?
The Scheme shall be implemented up to March,
read this also-pm kisan samman yojna
FAQs for Beneficiaries
- What is the amount of initial working capital
The Initial working capital loan is upto `10,000/-
for a tenure of one year.
- I have an Identity Card /Certificate of
Vending. How can I apply for the loan?
You can approach a Banking Correspondent
(BC)/ Agent of Micro Finance Institution (MFI)
in your area (ULBs will have the list of these
persons). They will help you in filling up the
application and upload the documents in a
Mobile App/ Portal.
- How will I know that I am in the surveyed
You can access this information on the website
of PMSVANidhi (pmsvanidhi.mohua.gov.in)
- My name is in the list of surveyed vendors,
but I do not have either Identity Card or
Certificate of Vending? Can I avail the loan
facility? If yes, what is the process ?
Yes, you can still avail the Scheme benefits.
A Provisional Certificate of Vending would be
issued to vendors through an IT based Platform.
The BC/ Agent will help you in filling up the
application and upload the documents in a
mobile App/ Portal.
- I stay in the surrounding rural area and
vend in the city. Am I eligible for the Scheme?
If yes, what is the process?
- I am a vendor from the city but not included
in the survey. How can I avail benefits of the
The Scheme is available to vendors of
surrounding development/ peri-urban/ rural
areas vending in the geographical limits of the
cities/ towns and those left out of the survey. If
you belong to this category you have to produce
one of the following documents to obtain the
Letter of Recommendation from ULB/TVC:
(i) Proof of availing one -time assistance,
provided by certain States /UTs, during the
period of lockdown; or
(ii) Documents of past loan taken from a bank/
NBFC/ MFI for the purpose of vending; or
(iii) The membership details with the vendors
(iv) Any other documents to prove that you are a
You can also request ULB through a simple
application on white paper to conduct local
enquiry to ascertain the genuineness of your
claim. After receipt of LoR, you may approach
BC/ Agent to apply for the loan.
- What are the KYC documents required in
addition to CoV/ ID / LoR?
I. Aadhaar Card*
II. Voter Identity Card*
III. Driving License
IV. MNREGA Card
V. PAN Card.
- What is the rate and amount of interest
The rate of interest subsidy 7%. The interest
subsidy amount will be credited directly in your
account on quarterly basis. In case of early
payment, the admissible amount of subsidy will
be credited in one go. For a loan of
10,000, if you pay all the 12 EMIs in time, you will get approximately400 as interest subsidy amount.
- Do I need to give any collateral to avail this
No collateral security is required.
- What is the amount of incentive for digital
The on-boarded vendors would be provided
with a monthly cashback in the range of
50 -100 as per the following criteria:
(i) On executing 50 eligible transactions:
50; (ii) On executing the next 50 eligible transactions: Additional25; and
(iii) On executing the next 100 eligible
25. Each transaction >25 will be counted.
- I am not familiar with digital transactions.
Will there be any capacity building for doing
An agent from MFI/ payment aggregator
will approach you to onboard and help in
conducting sample transactions. You will also
be provided with a debit card and a QR code.
- Is there any incentive for timely/ early
repayment of loan?
Yes, on timely/ early repayment of loan of initial
working capital, a vendor becomes eligible to
avail a higher tranche of loan in next cycle.
- Is there any penalty for repayment of loan
before the scheduled date?
There is no penalty for pre-closure of the loan.
- How can I enhance my chances of availing
You may become a part of Common Interest
Group (CIG) formed by ULB or Joint Liability
Group (JLG) formed by a lending institution.
- Who all can I approach to avail the facility?
You may meet a member of SHG or ALF or CLF
or call toll free number.
- Will I get Identity Card for use?
Yes, you will be issued Provisional Identity Card
on approval of loan and permanent CoV/ID will
be issued within 30 days.
- How long it will take to get the loan
Complete process will be automated through
a Mobile App and Web Portal. You will be able
to check real time status of your application.
Whole process, if paper/ information is
complete, may take less than 30 days.
- Who should I contact for grievances?
In case of any grievance, you may contact the
following officer in the Ministry:
Ministry of Housing & Urban Affairs,
Maulana Azad Road, New Delhi – 110011