PM SVANidhi Loan of Rs. 50,000

The following are the key features of the restructured scheme:

• Enhanced Loan Limits - Loans up to Rs. 15,000, Rs. 25,000, and Rs. 50,000 in three tranches with credit guarantee support.
• UPI-linked RuPay Credit Cards - Limit up to 30,000, for those who have repaid 2nd tranche successfully.
• Сараcity Building & Entrepreneurship Development - Training in financial literacy, digital literacy, e-commerce, packaging and food safety & hygiene through FSSAI.
• Digital Incentives - Cashback of up to Rs. 1,200 for retail transactions and up to 400 for wholesale merchant transactions.
• Support to Urban Street Vendors (SUSV) - Identification and survey of vendors, issuance of Certificates of Vending/IDs, Reform Incentives and Innovative Projects.
• SVANidhi se Samriddhi (SSS) – Convergence with central schemes for social security of vendors and their families.

Under the Street Vendors Act, 2014, ULBs conduct surveys to identify street vendors operating in their respective areas. Vendors identified through this survey are assigned a Survey Reference Number (SRN), which serves as a reference for their identification in the survey records.

The following street vendors can apply for the PM SVANidhi scheme:

• Vendors with a Certificate of Vending or Identity Card issued by the Urban Local Body (ULB).
• Vendors identified in the ULB survey but who have not yet received their Certificate of Vending or Identity Card.
• Vendors missed in the survey or those who started vending later, provided they have a Letter of Recommendation (LoR) from the ULB or Town Vending Committee (TVC).
• Vendors operating in nearby rural or semi-urban areas within the ULB's geographical limits, provided they have a LoR from the ULB or TVC.

Pre-application Checklist for PM SVANidhi Scheme

Before applying for the PM SVANidhi scheme, you can follow the steps mentioned below:

• Check eligibility before applying
• Keep your documents up-to-date
• Ensure your mobile number is linked to your Aadhaar card
• Keep your Certificate of Vending, Identity Card, or Letter of Recommendation (LoR), as applicable.
• Keep your bank account details ready.

Step 1: Visit https://pmsvanidhi.mohua.gov[dot]in/

Step 2: Enter your registered mobile number and the captcha code. Click on “Request OTP”.

Step 3: Enter the 6-digit OTP received on your mobile number and click on “Verify OTP” to log in.

Step 4: Do you have an Aadhaar card? Select the option as ‘Yes or No’.

Step 5: Select the applicable vendor category based on your vending status.

Step 6: If you select Category A, you will be required to provide the Survey Reference Number (SRN).

Step 7: If you select Category C or D, you will be asked whether you have been issued a “Letter of Recommendation” (LoR).

Step 7a: Upload the ‘LoR’ in the designated section.

Step 7b: If you do not have an LoR, select ‘I have NOT been issued a Letter of Recommendation by ULB/TVC.’

(The message box will show the message as ‘You are requested to obtain LoR from concerned ULB/ Municipality and then apply for a loan’)

The following will be the steps for filling the application form for the first-term loan.

Step 8: Enter your Aadhaar number and verify with OTP.

Step 9: Fill in personal information and save.

Step 10: Enter the following details:

• Family details
• Vendor ID card no.
• Certificate of vending no. issued by ULBs
• Address
• Vending details
• Bank account and digital payment details
• Enter the 1st term loan amount and select the loan purpose

Step 11: Complete documentation by providing the required documents and save and submit the application form.

Step 12: Enter bank account details for receiving the loan. Tick the declaration. Save and submit. The application will be submitted, and an application number will be assigned. Note the number for future records.

To check your PM SVANidhi application status, you can follow the steps mentioned below:

Visit https://pmsvanidhi.mohua.gov[dot]in/Home/Search

• Enter the ‘Application number’
• Enter the mobile number
• Verify with OTP
• Click on ‘Search’
• You will get the status of your loan application.