PM Street Vendor’s AtmaNirbhar Nidhi(PM SVANidhi)


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.

  1. 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.
  2. 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.
  3. What are the salient features of the Scheme?
    (i) Initial working capital of up to `10,000/-
    (ii) Interest subsidy on timely/ early repayment
    @ 7%
    (iii) Monthly cash-back incentive on digital
    (iv) Higher loan eligibility on timely repayment of
    the first loan.
  4. 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
  5. 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.
  6. 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.
  7. What is the tenure of the Scheme?
    The Scheme shall be implemented up to March,

official website-

read this also-pm kisan samman yojna

FAQs for Beneficiaries

  1. What is the amount of initial working capital

    The Initial working capital loan is upto `10,000/-
    for a tenure of one year.
  2. 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.
  3. How will I know that I am in the surveyed

    You can access this information on the website
    of PMSVANidhi (
  4. 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.
  5. I stay in the surrounding rural area and
    vend in the city. Am I eligible for the Scheme?
    If yes, what is the process?
  6. 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
    associations; or
    (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.
  7. 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.
  1. 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.
  2. Do I need to give any collateral to avail this

    No collateral security is required.
  3. 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
    transactions: Additional 25. Each transaction >25 will be counted.
  4. 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.
  5. 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.
  6. Is there any penalty for repayment of loan
    before the scheduled date?

    There is no penalty for pre-closure of the loan.
  7. How can I enhance my chances of availing
    this loan?

    You may become a part of Common Interest
    Group (CIG) formed by ULB or Joint Liability
    Group (JLG) formed by a lending institution.
  8. 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.
  9. 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.
  10. 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.
  11. Who should I contact for grievances?
    In case of any grievance, you may contact the
    following officer in the Ministry:

    Director (NULM),
    Room no.334-C,
    Ministry of Housing & Urban Affairs,
    Nirman Bhawan,
    Maulana Azad Road, New Delhi – 110011
    Tel: 011-23062850.

Leave a Comment