PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)

PM SVANidhi is a Special Micro-Credit Facility for Street Vendors.

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The scheme intends to facilitate collateral free working capital loans of up to INR10,000/- of one-year tenure

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Approximately 50 lakh street vendors, to help resume their businesses in the urban areas, including surrounding peri-urban/rural areas.

PM Street Vendor’s AtmaNirbharNidhi (PM SVANidhi) Scheme

Name of the Scheme PM SVANidhi

Loan Period The tenure of the loan shall be one year Loan shall be paid in 12 EMI

Due-Diligence shall be strictly based on the eligibility criteria stipulated in the scheme e-KYC is mandatory for all direct loan applicants Credit information report to be verified to ensure that the borrower’s existing loan account(s) are not classified as NPA/ Fraud/ Wilful default.

Processing charges/Documentation Charges etc NIL

Promotion of Digital Transactions The scheme will incentivize digital transactions by vendors through cash back facility

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PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)

PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi)

PM SVANidhi is a Special Micro-Credit Facility for Street Vendors.

PM SVANidhi is a Special Micro-Credit Facility for Street Vendors.

The scheme intends to facilitate collateral free working capital loans of up to INR10,000/- of one-year tenure

Approximately 50 lakh street vendors, to help resume their businesses in the urban areas, including surrounding peri-urban/rural areas.

Approximately 50 lakh street vendors, to help resume their businesses in the urban areas, including surrounding peri-urban/rural areas.

PM Street Vendor’s AtmaNirbharNidhi (PM SVANidhi) Scheme

PM Street Vendor’s AtmaNirbharNidhi (PM SVANidhi) Scheme

Name of the Scheme PM SVANidhi

Loan Amount Urban street vendors will be eligible to avail Working Capital loan of up to Rs10,000.

Eligible Borrowers Street Vendors known as vendors, hawkers, thelewala, rehriwala, theliphadwala etc. in different areas/ contexts

Loan Period The tenure of the loan shall be one year Loan shall be paid in 12 EMI

Processing charges/Documentation Charges etc NIL

Security No Collateral security shall be obtained for loans under the scheme

Promotion of Digital Transactions The scheme will incentivize digital transactions by vendors through cash back facility

Interest Subsidy The vendors,availing loan under the scheme are eligible to get an interest subsidy @ 7%.The interest subsidy amount will be credited into the borrower’s account quarterly

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