PM SVANidhi - Micro Enterprises Development Scheme
₹10,000 working capital for street vendors - Extended till 2030
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PM SVANidhi scheme provides collateral-free working capital loans to street vendors. Restructured and extended till March 31, 2030 by Union Cabinet. The scheme aims to benefit 1.15 crore beneficiaries including 50 lakh new beneficiaries with total outlay of ₹7,332 crore.
Street vendors with Certificate of Vending or Letter of Recommendation. Vendors doing business as of March 24, 2020. No upper age limit. No requirement of income tax return or GST registration. Extended till 2030.
- Aadhar Card
- Vendor ID
- Mobile Number linked to Aadhar
- Photograph
- Identity Proof
₹10,000 working capital loan (1st tranche) with 7% interest subsidy on timely repayment, ₹20,000 second tranche, ₹50,000 third tranche available after full repayment, cashback up to ₹100/month for digital transactions, scheme extended till March 2030, toll-free helpline 1800 11 1979.
Data Accuracy Notice
Information verified as of March 2025 from official government sources. Scheme details, eligibility, and loan amounts may change. Always verify current information on the official portal before applying.
Visit the official government portal to apply for this scheme. Make sure you have all required documents ready.
Rajesh Sharma, CA
Mumbai · ⭐ 4.9 (127)
"Helped 500+ MSMEs secure loans"