PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)

  • Scheme:
    • Ministry of Housing and Urban Affairs (MoHUA) has launched PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi), a Special Micro-Credit Facility Scheme, for providing affordable loan to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdown.
  • Objectives of the Scheme:
    • (i) To facilitate working capital loan up to Rs.10,000 to Rs.50,000.
    • (ii) To incentivize regular repayment.
    • (iii) To reward digital transactions.
    • The scheme is a Central Sector Scheme i.e., fully funded by Ministry of Housing and Urban Affairs.
    • The scheme will help formalize the street vendors with above objectives and will open up new opportunities to this sector to move up the economic ladder.
  • Eligibility:
    • The Scheme is available to all street vendors engaged in vending in urban areas. The eligible vendors will be identified as per following criteria:
    • i.Street vendors in possession of Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs);
    • ii.The vendors, who have been identified in the survey but have not been issued Certificate of Vending / Identity Card;
    • iii.Provisional Certificate of Vending would be generated for such vendors through an IT based Platform. ULBs are encouraged to issue such vendors the permanent Certificate of Vending and Identification Card immediately and positively within a period of one month.
    • iv.Street Vendors, left out of the ULB led identification survey or who have started vending after completion of the survey and have been issued Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC);
    • v. The vendors of surrounding development/ peri-urban / rural areas vending in the geographical limits of the ULBs and have been issued Letter of Recommendation (LoR) to that effect by the ULB / TVC.
  • Credit Guarantee:
    • The Scheme has a provision of Graded Guarantee Cover for the loans sanctioned, administered by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), which will be operated on portfolio basis. No CG fee is required to be paid by Street Vendor/ Banks.
  • Rate of Interest
  • Processing Charge/Upfront Fee
  • For more scheme related details / information, please visit https://pmsvanidhi.mohua.gov.inor nearest SGB Branch.