PM Svanidhi Scheme 2025 (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) is a flagship government scheme launched by the Ministry of Housing and Urban Affairs to support small street vendors in India. Under this initiative, vendors can get collateral-free loans up to ₹50,000 to restart or expand their small businesses. The scheme has helped millions of self-employed individuals recover after the pandemic and become financially independent.
What is PM Svanidhi Scheme 2025?
PM Svanidhi Scheme launched in June 2020, the provides micro-credit loans to small vendors, hawkers, and rehri-walas. The scheme continues in 2025 with improved digital payment rewards and higher loan amounts.
- First loan: ₹10,000
- Second loan: ₹20,000
- Third loan: ₹50,000
Repayment on time increases your loan limit and improves your credit score, enabling access to future benefits.
Key Objectives of the PM Svanidhi Scheme
- Empower urban street vendors through formal banking access
- Provide easy and quick collateral-free loans
- Promote digital transactions via cashback incentives
- Help vendors become self-reliant under Aatmanirbhar Bharat
Eligibility Criteria of PM Svanidhi Government Scheme
To apply for PM SVANidhi, applicants must meet the following –
- Must be a street vendor or hawker selling goods in urban or peri-urban areas
- Should possess a Certificate of Vending or Identity Card from the Urban Local Body (ULB)
- Vendors identified in survey lists before March 24, 2020, are eligible
- Temporary vendors can apply with ULB recommendation letters
Documents Required for PM Svanidhi Scheme 2025
- Voter ID / Aadhaar Card
- Vendor ID Card or Certificate of Vending
- Bank Account details (with IFSC)
- Passport-size photograph
- Mobile number linked with Aadhaar
How to Apply Online for PM Svanidhi Scheme
You can apply online through the official portal –
https://pmsvanidhi.mohua.gov.in
Steps:
- Visit the official PM SVANidhi portal
- Click on “Apply for Loan”
- Enter your mobile number (linked with Aadhaar)
- Fill out personal & business details
- Upload documents and submit
- Track your application status online
Participating Banks on PM Svanidhi Scheme 2025
- State Bank of India (SBI)
- Bank of Baroda
- Punjab National Bank
- Union Bank of India
- HDFC Bank, Axis Bank, ICICI Bank
These banks provide quick approvals with minimal paperwork.
Current Status and Achievements
As of 2025:
- Over 60 lakh vendors benefited
- Loans worth ₹9,000 crore+ disbursed
- More than 80% vendors use digital payments regularly
This scheme has become one of the most successful micro-credit programs in India’s urban employment ecosystem.
Tips to Increase Loan Approval Chances
- Ensure Aadhaar and bank account are linked
- Maintain a clean repayment record
- Use QR code payments regularly for cashback
- Reapply only after completing previous loan repayment
Conclusion
PM SVANidhi Scheme 2025 continues to empower street vendors by providing easy financial support, promoting digital India, and strengthening local economies. If you are a street vendor or small business owner, this is your opportunity to grow your business with government support.
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Neeraj is a dedicated content writer specializing in agricultural schemes, government policies, and rural development in India. With extensive knowledge of the Pradhan Mantri Yojanas and related programs, Neeraj aims to provide clear, accurate, and up-to-date information to help farmers and citizens access government benefits effectively. Passionate about empowering rural communities through informative content, Neeraj is a Content writer at CWB Hindi News, brings expertise in simplifying complex topics for easy understanding.
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