Many people in India run small businesses on the streets, such as selling fruits, vegetables, clothes, or other goods from carts or stalls. These vendors depend on their daily earnings to support their families. During the COVID-19 pandemic, many of them lost their income because they had to stop working.
To help them restart their businesses, the government launched the PM SVANidhi Yojana. Under this scheme, street vendors can get a loan of up to ₹50,000 without providing any guarantee. Along with the loan, the government also offers a subsidy on the interest rate, making it easier for vendors to repay the amount.
This scheme aims to benefit over 50 lakh small vendors across India. If you are a street vendor and want to apply for this loan, read this post carefully to understand the complete details of the PM SVANidhi Yojana 2025.
What is PM SVANidhi Yojana?
PM SVANidhi Yojana was launched in June 2020 by the Ministry of Housing and Urban Affairs. The main objective of this scheme is to help small street vendors restart their businesses by providing them with financial support.
Under this scheme:
✅ Vendors can get a loan of up to ₹50,000.
✅ The loan is collateral-free, which means no security or guarantee is needed.
✅ A 7% interest subsidy is given to those who repay the loan on time.
✅ The loan amount can be repaid in monthly installments over one year or more.
✅ If the vendor repays the first loan on time, they can apply for a higher loan amount in the next phase.
More than 1.5 lakh vendors have already benefitted from this scheme and restarted their businesses successfully.
Who Can Apply for PM SVANidhi Yojana 2025?
To apply for this scheme, you must meet the following eligibility criteria:
✅ The applicant must be a permanent resident of India.
✅ The applicant must be a street vendor, selling goods or services on a cart, stall, or roadside.
✅ The vendor must have a valid identity proof or vendor certificate issued by the local municipal authority.
✅ The applicant’s mobile number must be linked to Aadhaar card.
If you meet these requirements, you can easily apply for the PM SVANidhi Yojana.
Documents Required for PM SVANidhi Yojana
To apply for this scheme, you need to submit the following documents:
Aadhaar Card (linked with a mobile number)
PAN Card
Vendor Identity Card (Issued by the municipal authority)
Income Certificate (if applicable)
Residence Proof
Bank Account Passbook
Passport-size Photograph
Make sure you have all these documents before applying for the loan.
How to Apply for PM SVANidhi Yojana 2025?
Applying for this scheme is very simple. Follow these steps:
Step 1: Visit the Official Website
Go to the official website of PM SVANidhi Yojana:
https://pmsvanidhi.mohua.gov.in/
Step 2: Choose the Application Option
On the homepage, you will see different options for applying. Select the right option based on your vendor category.
Step 3: Enter Your Mobile Number
A new page will open where you need to enter your registered mobile number.
Step 4: Verify with OTP
You will receive a One-Time Password (OTP) on your mobile number. Enter the OTP to verify your identity.
Step 5: Fill Out the Application Form
Once you log in, a loan application form will appear. Fill in all the required details, such as:
Name
Address
Business details
Bank account information
Step 6: Upload Required Documents
Scan and upload the necessary documents (Aadhaar card, PAN card, bank details, etc.).
Step 7: Submit the Application
After filling in all details and uploading the documents, click on the “Submit” button.
Step 8: Print Your Application
Take a printout of your application form and attach the necessary documents.
Step 9: Submit to the Bank
Go to your nearest bank branch (participating in the scheme) and submit your printed application along with the required documents.
Step 10: Loan Approval and Disbursement
Once the bank verifies your application, your loan will be approved and credited to your bank account.
How to Check PM SVANidhi Yojana Application Status?
If you have applied for this loan and want to check your application status, follow these steps:
Step 1: Visit the Official Website
Go to https://pmsvanidhi.mohua.gov.in/
Step 2: Click on “Check Application Status”
On the homepage, look for the “Application Status” option and click on it.
Step 3: Enter Your Application Number
Enter your application number and registered mobile number.
Step 4: Verify with OTP
You will receive an OTP on your mobile. Enter it to proceed.
Step 5: View Application Status
After verification, your loan application status will be displayed on the screen.
Benefits of PM SVANidhi Yojana 2025
✅ Easy Loan Approval – No need for a guarantor or collateral.
✅ Low Interest Rate – A 7% subsidy helps in reducing the repayment burden.
✅ Flexible Repayment – Pay in easy monthly installments.
✅ More Loan in Future – If you repay on time, you can get a higher loan next time.
✅ Digital Transactions – Encourages vendors to use digital payments for business
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