PM SVANidhi Scheme 2026 has been extended and updated by Government of India to give stronger financial support to street vendors across cities and towns. Registration and loan support has now been continued under the restructured PM SVANidhi 2.0 scheme, which now runs till 31 March 2030.
Under this updated scheme, street vendors will get working capital loans, UPI linked RuPay credit card, digital payment rewards, and training support. Government has set a total budget of ₹7,332 crore and expects around 1.15 crore vendors to benefit during the extended phase.
PM SVANidhi scheme was originally started in June 2020 to help vendors restart their small businesses after the COVID lock-down. With the new extension, the scheme now focuses on financial inclusion, digital payments, business growth, and linking vendors with other welfare schemes.
Also read: PM Vishwakarma Yojana Online Application, Registration & Login @ pmvishwakarma.gov.in
Street vendors selling goods or services in streets, markets, or public spaces can apply for working capital loans and credit card facilities. Loans remain collateral free and interest subsidy support continues for eligible beneficiaries.
PM SVANidhi Scheme 2026 Loan and Credit Card Online Application
Street vendors can apply online for working capital loan or RuPay credit card through PM SVANidhi official portal. The process is simple and completely online through pmsvanidhi.mohua.gov.in portal.
STEP 1: Open PM SVANidhi official website pmsvanidhi.mohua.gov.in and go to the homepage.
STEP 2: On the homepage, click on the option "Apply LoR cum Loan" or the "Credit Card Application" option available for vendors.
STEP 3: On the next page, enter Aadhaar number and mobile number, then complete OTP verification to start the application.
STEP 4: Fill personal details such as name, address, vending location, business type, and bank account details.
STEP 5: Upload required documents like Aadhaar card and vending certificate or Letter of Recommendation issued by Urban Local Body.
STEP 6: Review all details carefully and submit the online application form.
STEP 7: After submission, the application will be forwarded to banks or lending institutions for verification and loan approval.
Applicants can also apply for the RuPay credit card through the same portal after becoming eligible.
Highlights of PM SVANidhi Scheme 2026
| Key Detail | Information |
|---|---|
| Scheme Name | PM SVANidhi Scheme 2.0 |
| Launch Year | June 2020 |
| Extended Till | 31 March 2030 |
| Total Budget | ₹7,332 crore |
| Managed By | Ministry of Housing and Urban Affairs |
| Expected Beneficiaries | 1.15 crore street vendors |
| Loan Structure | Three tranche collateral free working capital loan |
| Credit Card Limit | Up to ₹30,000 RuPay credit card |
| Interest Subsidy | 7 percent yearly interest subsidy |
| Official Portal | pmsvanidhi.mohua.gov.in |
PM SVANidhi Loan Amount Structure
Street vendors receive working capital loan in three stages. If repayment happens on time, the next loan amount becomes available.
- First loan: Street vendors can receive up to ₹15,000 as working capital loan. The loan must be repaid within 12 months.
- Second loan: Vendors who repay the first loan on time can receive up to ₹25,000 loan. Repayment period is 18 months.
- Third loan: Vendors who maintain good repayment history can get up to ₹50,000 loan with a repayment period of 36 months.
The loans remain collateral free and government also provides interest subsidy support to borrowers. Vendors get 7 percent interest subsidy which is transferred directly to their bank accounts every quarter.
PM SVANidhi Credit Card Facility
PM SVANidhi 2.0 adds a new RuPay credit card facility for street vendors who successfully repay their loans. The card provides flexible access to credit for both business and daily expenses.
The credit card is UPI linked and works like a revolving credit facility. After repayment, the available credit limit becomes usable again.
Main features of PM SVANidhi credit card include:
- Credit limit up to ₹30,000, starting initially from ₹10,000 and increasing gradually based on card usage and repayment record.
- Interest free credit period of around 20 to 50 days depending on card issuer policy.
- Card validity for five years from the date of issue.
- Lifetime free card with no joining fee or annual charges.
- UPI linkage allowing vendors to make payments using apps like BHIM, Paytm or PhonePe.
The card cannot be used for ATM cash withdrawal or international transactions and certain categories like gambling or liquor purchases are restricted.
Eligibility for PM SVANidhi Scheme 2026
Street vendors working in urban areas, census towns, and peri urban areas can apply under this scheme. Eligibility mainly depends on vending activity and identification by local authorities.
- Street vendors selling goods or services in public places, streets, footpaths, markets or mobile vending locations.
- Vendors holding Certificate of Vending issued by Town Vending Committee or Urban Local Body.
- Vendors having Identity Card or Letter of Recommendation issued by local authority.
- Street vendors working in statutory towns, census towns or peri urban areas.
For credit card facility specifically, vendors must have successfully repaid the second loan tranche and must be eligible for the third loan tranche.
Documents Required for PM SVANidhi Application
Applicants need basic identification and business proof documents while applying for the scheme.
- Aadhaar Card
- PAN Card
- Certificate of Vending or Letter of Recommendation
- Bank account details
- Address proof if address differs from Aadhaar
These documents help authorities verify vendor identity and approve loan support.
Digital Payment Cashback Benefits
PM SVANidhi scheme also encourages vendors to use digital payments. Vendors receive cashback incentives for using UPI or digital payment methods.
- Up to ₹100 cashback per month on digital transactions.
- Maximum ₹1,200 yearly cashback for regular digital payments.
- Additional ₹400 yearly cashback for wholesale digital purchases.
This reward system motivates vendors to accept digital payments and build formal financial records.
SVANidhi se Samriddhi Program
This program links street vendor families with other government welfare schemes. Through this process vendors receive benefits such as insurance, social security programs, and skill training.
Government organizes regular camps and Lok Kalyan Melas where vendors can apply for welfare schemes and receive guidance from officials.
Contact Helpline
Helpline number: 1800 11 1979
Official website: pmsvanidhi.mohua.gov.in
FAQs
Who can apply for PM SVANidhi Scheme 2026?
Street vendors selling goods or services in streets, markets, footpaths, and public areas in urban or peri urban regions can apply if they have vending proof or Letter of Recommendation.
What is the maximum loan available under PM SVANidhi?
Street vendors can receive up to ₹50,000 loan under the third tranche after successfully repaying earlier loan stages.
What is the credit card limit under PM SVANidhi?
The RuPay credit card limit can reach up to ₹30,000, starting from ₹10,000 and increasing based on repayment record.
Is interest subsidy available under this scheme?
Yes. Vendors receive 7 percent yearly interest subsidy which is credited to their bank account every quarter.
What is the last date of PM SVANidhi Scheme?
The scheme lending period now continues until 31 March 2030, with financial support services continuing for a few years beyond that period.