PM SVA Nidhi Yojana : The PM SvaNidhi Yojana (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) is a microcredit program introduced by the Ministry of Housing and Urban Affairs (MoHUA) to offer collateralfree loans to street vendors throughout India. Its goal is to assist sellers start again their livelihoods that suffered during the COVID19 epidemic.
Encouraging suppliers to be selfdependent and financially strong, this program gives up to ₹50,000 in three installments.
📌 Key Points of PM SvaNidhi Yojana
Loans:
₹10,000 (1st term)
₹20,000 (2nd term, on timely repayment)
₹50,000 (ottle per (on still good credit behavior) 3rd)
Interest Support: 7 percent annual on timely compensation.
No Need of Collateral.
Up to a year per term, loanings period
Rewards for digital transactions: Cash back up to $1,200 per year.
No penalty for early payoff.
✅ PM SVA Nidhi Yojana Apply Eligibility Criteria for PM SVANidhi
To be considered for this plan, you should:
Engage in street vending prior March 24, 2020, please.
Have a cert of vending or be recognized in poll by Underwriters Laboratories.PM SVA Nidhi Yojana Apply
Have a valid ID proof such as Voter ID or Aadhaar.
Work in cities periurban/rural areas next to
📄 Paperclip needed
Aadhaar Card
Voter Identification / Other governmentissued identification
Street Vendor Certification, if possible.
Mobile contact associated with Aadhaar.
banking information.getOwnProperty(metadata ,
passport size photo
💻 How one can apply online for the PM SVANidhi Yojana is described.
To apply online, follow these steps:
1. Go to the official portal: PM SVA Nidhi Yojana Apply [https://pmsvanidhi.mohua.gov.in](https://pmsvanidhi.mohua.gov.in)
2. Click on “Apply for Loan”
3. Choose your category (vendor with CoV or without CoV)
4. Provide personal and banking information on the application.
5. Provide the needed files for upload.
Turn in the application and make note of your application number to track it.
You can also apply through partner banks and NBFCs or Common Service Centres (CSC).
🏦 Banks Providing PM SVANidhi Loans List
State Bank of India Fullitin
Punjab National Bank (PNB) attendants are available when required.
bank of baroda.
HDFC Bank
ICICI Bank Limited.
Canara Bank
Union Bank of India Common.
FirstFDBC First Bank Inc.
Many cooperative banks and regional rural ones.
🎯 Advantages of PM SVANidhi Programme
Street vendors’ PM SVA Nidhi Yojana Apply simple access to forml finance
Spurring automated processes and discipline of repayment helps.
raises urban nonformal sectorsvote
Supports economic inclusion
Interest subsidy helps lessen loan payment burden of any kind.
📌 Important Note:
Paying back the loan promptly not only raises credit score but also qualifies vendors for more loan quantities in the next round.
🔚 Ending
By providing street vendors with simple and inexpensive access to credit, the Indian Government’s PM SVANidhi Yojana is a groundbreaking effort to uplift many millions of them. Applying for this program could be the first stage toward financial freedom and stability for street vendors or those with whom you are acquainted.
Start now and really be AtmaNirbhar given PM SVANidhi!
