Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)

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About Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme

Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched in June 2020. This scheme aims to empower the street vendors so that they can recover all the losses that are incurred as a result of the COVID-19 pandemic. This scheme provides them with a reliable and affordable Working Capital loan to continue their livelihood that has been affected because of the Covid-19 lockdown.

Features of Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)

There are some salient features of the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi):

  1. This scheme is a central sector scheme
  2. The main purpose is to provide affordable working capital loans only to street vendors those who are affected by the coronavirus pandemic.
  3. This will be implemented till March 2022.
  4. Now All street Vendors will be given an initial working capital that is up to Rs. 10000
  5. A vendor will get a 7% interest subsidy

Objectives of Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)

Objectives of Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme are as follows:

  1. Facilitates the working capital loans that are up to INR 10,000.
  2. Offers a 7% interest subsidy per annum
  3. Rewards the digital transactions with various monthly cashback offers


  1. The scheme has been launched with an aim of supporting the vulnerable population at risk and it is due to the widespread movement restrictions that this Scheme has led to a significant impact.
  2. Almost 33.6 Lakh total loan applications have been received till now. Among these, >17.3 Lakh have been sanctioned with the loan and >12.7 Lakh loans have been disbursed.
  3. The scheme’s Effective delivery was ensured by the development of a comprehensive capacity building plan which targets the various stakeholders as well as digital payment aggregators.

Pre-Application Steps

There are 3 Simple pre-application steps that have been listed for helping the street vendors getting ready for their application process. They can apply directly on the portal of PM SVANidhi or they can apply through a CSC i.e. Common Service Centre nearby.

  • The first step is to understand the requirements of loan application
  • Secondly, Ensure that their mobile number should be linked to Aadhaar Card
  • Next, the eligibility status should be checked according to scheme Rules

Eligibility Criteria

The Eligibility criteria of Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme are mentioned below:

  • The Street vendors are in possession of a Certificate of Identity Card/ Vending that is issued by the ULBs i.e. Urban Local Bodies.
  • ULBs are encouraged to help and issue street vendors the permanent Certificate of Vending as well as Identification Card positively and immediately.
  • The Street Vendors who are left out from the ULB led identification survey or those who have started the vending just after the successful completion of the survey/ issued the Letter of Recommendation to that effect by the TVC i.e. Town Vending Committee/ ULB.
  • All The vendors from peri-urban/rural areas that are vending in the ULBs geographical limits and have been issued with the Letter of Recommendation to that effect by the TVC/ ULB.

How to apply for a loan under the PM SVANidhi Scheme

  • STEP 1: An applicant should go to the website.
  • STEP 2: You can visit the other URL and just click on it.
  • STEP 3: Next step is to click on apply for a loan.
  • STEP 4: Now just Enter the mobile number as well as the captcha.
  • STEP 5: Then the choice is to be made on what category one wishes to apply for?
  • STEP 6: Just select the category for filling in all the details.
  • STEP 7: At last, you just have to submit it.

Customers will get all the information on their registered mobile number. For more information, one can visit the website of Dialabank or can contact them anytime.


✅ What refers to this Scheme?

This refers to a Central Sector Scheme that facilitates the street vendors to access their affordable working capital loan for continuing their livelihoods activities, just after easing of lockdown.

✅ What is CIG in PM SVANidhi?

CIG refers to a Common Interest Group that is formed by JLG i.e. Joint Liability Group or ULB formed by a lending institution.

✅ What about the maximum loan repayment period under the PM SVANidhi scheme?

The maximum loan repayment period that comes under this scheme is 1 year. The Benefits that comes Under the PM Svanidhi Scheme are that urban street vendors can easily avail of a WC loan of the amount up to Rs. 10,000 and with a tenure of 12 months repaid in monthly installments.