PM SVANidhi Yojana Online Registration / Application Form 2023

 The Pradhan Mantri Street Vendor's Atmanirbhar Nidhi (PM SVANidhi) Scheme, launched on June 1, 2020, by the Central government, is a program designed to extend short-term financial assistance to street vendors, including those operating carts, stalls, and mobile setups. To apply for PM SVANidhi Yojana, interested individuals can submit their applications online through the official scheme website at pmsvanidhi.mohua.gov.in.

Furthermore, the PM Svanidhi Yojana applications can also be submitted through offline channels, such as banks and Common Service Centers, providing accessibility options for eligible street vendors. Additionally, applicants can verify their inclusion in the list of beneficiaries for the PM Svanidhi Yojana by using the street vendor survey search feature available on the official portal.

PM SVANidhi Yojana Online Application Form 2023

The apply online process for street vendor self reliant scheme had been specified earlier on 29 June 2020. Below is the complete process to apply by filling PM SVANidhi online application / registration form.

STEP 1: Visit official website – Firstly visit the official website at http://pmsvanidhi.mohua.gov.in/

STEP 2: Apply for loan online – At the homepage, click at the “Apply Loan 10K” tab or “Login as applicant” as shown in the figure below or directly click https://pmsvanidhi.mohua.gov.in/Login

STEP 3: Login using mobile number – In the new login window, street vendors can apply online for PM SVANidhi loan by logging in using mobile number. Enter the mobile no. and click at the “Request OTP” button to get one time password on that mobile phone. Afterwards, enter received OTP and click at “Verify OTP” button

STEP 4: Check Vendor Category – Here applicants can check vendor category from the following 4 options.
1. First are those street vendors in possession of Certificate of Vending (CoV) / Identity Card issued by Urban Local Bodies (ULBs).
2. Second are those street vendors who have been identified in the survey but have not been issued Certificate of Vending / Identity Card.
3. Third are those street vendors left out of the ULB led identification survey or who have started vending after completion of the survey and have been issued Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC).
4. Fourth are those street vendors of surrounding development/ peri-urban / rural areas vending in the geographical limits of the ULBs and have been issued Letter of Recommendation (LoR) to that effect by the ULB / TVC.

STEP 5: Select appropriate vendor category to proceed further – Applicant Street Vendors can choose any of the above given categories to proceed further to fill PM Svanidhi Scheme online application form. The selection of categories would result in Vendor’s details as per chosen vendors categories as shown below.

STEP 6: Registration using Aadhar number – Afterwards, street vendors can make registration using Aadhar verification as shown below. Upon entering aadhaar number and clicking at “Verify” button, you will get an OTP on mobile number which is registered in Aadhar card.

STEP 7: Fill online application form – Accordingly on verification of Aadhar OTP, the PM Svanidhi online application form will appear.

STEP 8: In this opened application form, street vendors can fill in all the details to complete the PM Svanidhi apply online process.

PM SVANidhi Yojana Online Application Process – The detailed procedure of how to apply online for PM Svanidhi Yojana is also available in PDF format at this link.

Extension of PM Svanidhi Yojna till Dec 2024

On April 27, 2022, the Indian government gave the green light for the extension of its flagship initiative, the PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) scheme, until December 2024. Originally introduced in response to the COVID-19 pandemic, this program aims to offer subsidized, collateral-free loans to street vendors, assisting them in reviving their businesses. Initially planned to run until March 2022, this extension seeks to provide sustained support.

Under the PM SVANidhi scheme, affordable loans without the need for collateral are made available to street vendors. The scheme's initial objective was to facilitate loans amounting to Rs. 5,000 crore. With the recent approval, this amount has been raised to Rs. 8,100 crore. The budget allocated for promoting digital payments, including offering cashback incentives to vendors, has also been increased. This extension is expected to benefit approximately 1.2 crore individuals, according to the government's announcement.

Apply for SVANidhi Yojana Letter of Recommendation

The street vendors who do not have any identity card or certificate to prove their status as vendors can now apply online for the “Letter of Recommendation” which will help them avail a loan under the PM SVANidhi Yojana.

How to Apply for LoR:

1. In Order to apply online for the letter of recommendation, interested candidates can visit this link. And, enter theri mobile number which is attached to Aadhar Number, and enter and verify the OTP on the next screen.
2. On the next page, enter your Aadhar number and again verify the OTP and verify it.
3. After verifying the Aadhar number, you will see the loan application form, fill all the required details and select “Yes” in the Request for Local enquiry report by the TVC/ULB (Request letter to the ULB) dropdown under the “Documents” section and click “Submit” button.

You can also apply offline for Letter of Recommendation with the Urban Local Body through a simple application on white paper to conduct local inquiry to ascertain the genuineness of the claim as vendor. ULBs will have to dispose of the request for issue of LoR within a period of 15 days.

After the vendors gets the LoR, they will be issued certificate of vending or identity card within a period of 30 days.

PM Svanidhi Loan Application Form PDF

To download PM Svanidhi Yojana Loan Application Form in PDF format, visit the same official PM SVANIDHI Scheme Portal at http://pmsvanidhi.mohua.gov.in/. At this page, go to “Planning to Apply for Loan” section, follow 3 steps before applying online. These 3 steps are Understand the Loan Application requirements, make sure your mobile no is linked to your Aadhaar, check your eligibility status as per scheme Rules and then click at “View More” button.

At the new page, click at the “View / Download Form” link and the PM Svanidhi Common Loan Application Form will appear as shown below:

PM Svanidhi Application Form PDF: Download Now

Fill all the asked details accurately and submit it will along with the necessary documents to the concerned officials / bank branch. The PM Svanidhi Portal has started accepting online loan application from 2 July 2020 onward.

PM SVANidhi – Eligible Street Vendors List

Vegetables, fruits, ready-to-eat street food, tea, pakodas, breads, eggs, textile, artisan products, books/ stationery sellers are among others who are considered eligible under the PM SVANidhi Yojana.

Barbershops, cobblers, pan shops, laundry services are also included in the street vendors category and can avail loan of Rs. 10,000/- under this scheme.

Check your Survey Status / Street Vendor Survey Search

People can now check their survey status whether they have been covered in the survey carried out by Urban Local Bodies(ULB) / Municipalities or not and can save your Survey Reference Number(SRN) for future Reference. Here is the direct link to check Street Vendor Survey Search – https://pmsvanidhi.mohua.gov.in/Schemes/SearchVendor

The page for PM Svanidhi Street Vendor Survey Search will appear as shown below:-

Here applicants will have to enter state, ULB name, name of street vendor, father / spouse name, mobile number, certificate of vending no. and then click at the “Search” button to check Survey Status.

Beneficiaries List of PM SVANidhi Scheme

According to initial data gathered from state governments, approximately 50 lakh street vendors are poised to benefit from the PM Street Vendor Atmanirbhar (PM SVANidhi) Scheme. The central government is earmarking a credit infusion of Rs. 5,000 crore into this sector. Additionally, street vendors who embrace digital payment methods and ensure timely loan repayments will be rewarded with financial incentives.

It's worth noting that only a fraction of these 50 lakh street vendors may have a credit history with commercial banks, as there were no tailored financial products available for this sector. The primary aim is to empower street vendors to achieve self-reliance and avoid falling into the debt trap of traditional lenders for relatively small loan amounts.

Lenders List for PM SVANidhi Yojana

Here is the direct link to check lenders link for PM SVANidhi Yojana 2023:-
http://pmsvanidhi.mohua.gov.in/Schemes/LenderList

Upon clicking this link, the complete list of lenders will appear on your screen as shown below:-

You can then find the appropriate lender for you which is located near you and can avail loan benefits easily.

PM SVANidhi Yojana Guidelines

The detailed guidelines of PM SVANidhi Scheme can be download in PDF format in English and Hindi using the below links.
English Guidelines

Street Vendors Scheme – State Wise Guidelines

Sr. No.	State / UT	SVANidhi Scheme
1	Andaman & Nicobar Islands	View | Download
2	Andhra Pradesh	View | Download
3	Arunachal Pradesh	View | Download
4	Assam	View | Download
5	Bihar	View | Download
6	Chandigarh	View | Download
7	Chhattisgarh	View | Download
8	Dadra & Nagar Haveli	View | Download
9	Daman & Diu	View | Download
10	Delhi	View | Download
11	Goa	View | Download
12	Gujarat	View | Download
13	Haryana	View | Download
14	Himachal Pradesh	View | Download
15	Jharkhand	View | Download
16	Karnataka	View | Download
17	Kerala	View | Download
18	Madhya Pradesh	View | Download
19	Maharashtra	View | Download
20	Manipur	View | Download
21	Meghalaya	View | Download
22	Mizoram	View | Download
23	Nagaland	View | Download
24	Odisha	View | Download
25	Puducherry	View | Download
26	Punjab	View | Download
27	Rajasthan	View | Download
28	Tamil Nadu	View | Download
29	Telangana	View | Download
30	Tripura	View | Download
31	Uttar Pradesh	View | Download
32	Uttarakhand	View | Download
33	West Bengal	View | Download

PM Svanidhi Scheme Dashboard Online

PM Svanidhi online dashboard is dynamic, interactive and would provide a one stop solution to all stakeholders looking for information and tracking monitoring of progress of PM SVANidhi up to city level. The direct link to check PMS Dashboard is given here – https://pmsvanidhi.mohua.gov.in/Home/PMSDashboard

What is PM Svanidhi Yojana 2023

The primary goal of the PM Svanidhi Yojana is to secure the livelihoods of daily wage earners such as vegetable and fruit vendors. This short-term support is aimed at assisting small street vendors in resuming their business activities, which may have been adversely affected for various reasons. The scheme was initially introduced as part of the Rs. 20 lakh crore Atmanirbhar Bharat Abhiyan Package, announced by Finance Minister Nirmala Sitharaman.

To enhance its effectiveness, an online dashboard for the PM Svanidhi Scheme has been launched. Previously, a Letter of Recommendation module was introduced for street vendors who lacked identity cards or vending certificates. The PM Street Vendor Atmanirbhar Nidhi, or PM SVANidhi Scheme, aims to provide the necessary initial working capital to purchase items for their vending operations. For comprehensive information on the PMSVA scheme, including guidelines, implementation procedures, expert reviews, and other pertinent details, please refer to the official resources available.

The new PM Street Vendor’s Atmanirbhar Nidhi Scheme targets to benefit over 50 lakh Street Vendors who had been vending on or before 24 March, 2020 in urban areas including those from surrounding peri-urban/ rural areas. Under the PM Svanidhi Scheme, the vendors can avail a working capital loan, which is repayable in monthly installments in the tenure of 1 year.

For those who repay their loans on time or ahead of schedule, the PM SVANidhi Scheme offers an interest subsidy at a rate of 7% per annum. This subsidy will be directly transferred to the beneficiaries' bank accounts through the Direct Benefit Transfer (DBT) system on a quarterly basis. Notably, there will be no penalty for early loan repayment.

Additionally, the PM Svanidhi Scheme promotes digital transactions by offering cashback incentives of up to Rs. 100 per month. Furthermore, vendors have the opportunity to elevate their economic status by availing the option to increase their credit limit when they make timely or early repayments of their loans, allowing them to advance on their path to financial growth.

PM Svanidhi Yojana Loan Amount

Any street vendor can apply for the following loan amount under PM Svanidhi Scheme:-

• Rs. 10,000 Loan (First Term Loan) – For this, click “Apply 10K Loan” at the official website.
• Rs. 20,000 Loan (Second Term Loan) – For this, click “Apply 20K Loan” at the official website.
• Rs. 50,000 Loan (Third Term Loan) – For this, click “Apply 50K Loan” at the official website.

Svanidhi Se Samriddhi Scheme Launched by MoHUA

On April 12, 2022, the Ministry of Housing and Urban Affairs unveiled the 'SVANidhi se Samriddhi' initiative, extending its reach to an additional 126 cities spanning 14 States and Union Territories. This expansion of the program is set to benefit 28 lakh street vendors and their families. The Ministry highlighted that 'SVANidhi se Samriddhi' is an adjunct program to PM-SVANidhi, which was originally launched in January 2022 in 125 cities during Phase one, encompassing around 35 lakh street vendors and their families.

In light of the success observed in Phase one, the Housing and Urban Affairs Ministry has introduced this program in additional cities, with a collective target of 20 lakh scheme approvals for the current fiscal year. It's worth noting that the Ministry has been actively implementing the Prime Minister Street Vendors AtmaNirbhar Nidhi scheme since its inception in June 2020.

Progress of PM Svanidhi Yojana

*The progress is upto 25 October 2023.

PM Svanidhi Yojana App Download at Google Play Store

On July 17, 2020, the Ministry of Housing and Urban Affairs of the Central Government introduced the PM Street Vendor’s Atmanirbhar Nidhi (PM SVANidhi) App. This mobile application is now available for download and installation on smartphones via the Google Play Store, using the provided direct link. The primary purpose of this newly launched PM SVANidhi mobile app is to offer a user-friendly digital platform for lending institutions (LIs) and their field staff. It has been specifically designed for the sourcing and processing of loan applications from street vendors.

With this app, all street vendors seeking assistance under the PM Street Vendors Aatmanirbhar Nidhi Scheme can apply for loans online, conduct vendor searches, and complete e-KYC procedures. This can be done through the app or the previously launched pmsvanidhi.mohua.gov.in website.

The PM SVANidhi App by the Ministry of Housing and Urban Affairs represents a significant step towards the promotion of digital technology. It will enable field personnel from lending institutions, such as Banking Correspondents (BCs) and Agents of Non-Banking Financial Companies (NBFCs) / Micro-Finance Institutions (MFIs), who have close proximity to street vendors, to ensure extensive coverage of the Pradhan Mantri Street Vendor Atmanirbhar Scheme.

The launch of the PM SVANidhi app is expected to enhance the implementation strategy of the scheme while also encouraging the paperless and digital access to micro-credit facilities by street vendors.

PM Svanidhi Mobile App Download Link for Android Users

The Ministry of Housing & Urban Affairs has already launched the http://pmsvanidhi.mohua.gov.in/ website on 29 June 2020. Now the MoHUA has launched PM Svanidhi mobile app which has all similar features as compared to the PM SVANidhi web portal. The direct link to download PM Svanidhi Mobile App from Google Play Store is given here – https://play.google.com/store/apps/details?id=com.mohua.pmsvanidhi&hl=en_IN&gl=US. The official PM Svanidhi App download from google play store for android users will appear as shown below:-

The PM SVANidhi Official Mobile Application offers a comprehensive solution for enabling Lending Institutions, including Banks, NBFCs, MFIs, and more, to efficiently process loan applications submitted by beneficiaries through their field agents. The official PM SVANidhi App is compact, with a file size of 4.4 MB, it currently runs on version 1.0.9, and requires an Android version of 4.4 and above for installation.

The Ministry of Housing and Urban Affairs (MoHUA) introduced the 'PM Street Vendor’s AtmaNirbhar Nidhi (PM-SVANidhi)' scheme on June 1, 2020. The scheme's primary objective is to provide collateral-free working capital loans of up to ₹10,000 with a one-year tenure to approximately 50 lakh street vendors, enabling them to resume their business activities. Incentives, in the form of an interest subsidy at a rate of 7% per annum and cashback incentives of up to ₹100 per month, are offered to promote responsible repayment behavior and digital transactions.

Furthermore, the scheme offers the possibility of an increased subsequent loan tranche for those who make early or timely repayments. In a noteworthy expansion, this scheme includes not only banks but also, for the first time, Non-Banking Financial Companies (NBFCs) and Micro-Finance Institutions (MFIs) as Lending Institutions (LIs) to maximize the scheme's reach. Additionally, a Graded Guarantee Cover is extended to these LIs through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), based on their loan portfolios, encouraging increased lending. The scheme is set to continue until March 2022.

Features of PM SVANidhi App

The PM SvaNidhi App has the features which are described below:-

• Vendor search in the survey data
• E-KYC of applicants
• Processing of Loan applications
• Real-time monitoring

Who Should download PM SVANidhi App

The PM SVANidhi app can be downloaded from the Google Play store for use by the LIs and their field functionaries. After the start of lending process under PM SVANidhi scheme on 2 July 2020, more than 1.54 lakh street vendors have applied for working capital loan across States/ UTs. Out of these loan applications received from street vendors, more than 48,000 have already been sanctioned loans under PM Street Vendor’s Atmanirbhar Nidhi Scheme.

PM SVANidhi was launched by the Ministry of Housing and Urban Affairs (MoHUA) on 1 June 2020. More details of Scheme may be accessed at https://pmsvanidhi.mohua.gov.in/Home/Schemes

PM SVANidhi Yojana – FAQ’s

Below are some of the frequently asked questions (FAQs) regarding the PM Svanidhi Yojana:

✔️ What is PM SVANidhi Yojana?

PM SVANidhi Yojana is a short-term loan or microfinance scheme designed for street vendors across the country. Under this scheme, street vendors can access loans of Rs. 10,000 (1st Term Loan), Rs. 20,000 (2nd Term Loan), or Rs. 5,000 (3rd Term Loan).

✔️ Who are Street Vendors / Hawkers?

Street vendors or hawkers are individuals engaged in selling articles, goods, wares, food items, or daily-use merchandise or providing services to the general public on the street, footpath, pavement, etc. They may operate from temporary built-up structures or by moving from place to place.

✔️ How to Apply for PM SVANidhi Yojana Loan?

Street vendors can apply for the PM SVANidhi Yojana loan online through the pmsvanidhi.mohua.gov.in portal.

✔️ What is the Interest Subsidy under Svanidhi Yojana?

An interest subsidy of 7% will be provided to those who make timely or early repayments of the loan.

✔️ Who are beneficiaries of PM SVANidhi Yojana?

The beneficiaries of the PM SVANidhi Yojana are street vendors who were vending on or before March 24, 2020, in urban areas across the country. It is estimated that over 50 lakh street vendors will benefit from this scheme.

✔️ What is the tenure of the loan under PM SVANidhi Yojana?

The loan provided under the PM SVANidhi Yojana has a tenure of 1 year.

✔️ Which banks will provide the loan?

The loan can be availed from various financial institutions, including major scheduled commercial banks, regional rural banks, small finance banks, cooperative banks, non-banking financial companies (NBFCs), microfinance institutions, and self-help group banks.

✔️ How to Apply without Identity Card / Certificate of Vending?

The government has introduced a "Letter of Recommendation" module for street vendors who do not have identity cards or certificates of vending. You can apply for the Letter of Recommendation online or at the Urban Local Body.

✔️ How to Check Name in the Beneficiary List?

You can verify your inclusion in the beneficiary list by visiting the official website pmsvanidhi.mohua.gov.in.

✔️ What are the documents required for SVANidhi loan application?

To complete the KYC process, you need to provide one of the following documents: Aadhaar Card, PAN Card, Driving License, MGNREGA card, Voter ID Card, along with any one of the Certificate of Vending, Identity Card, or Letter of recommendation from the urban local body, or any other government-issued document that verifies you as a street vendor.

✔️ What security is required for the loan?

No collateral or security is required to obtain a loan under the SVANidhi Yojana.

✔️ Is there any incentive for timely/early repayment of the loan?

Yes, making timely or early repayments makes the vendor eligible for a higher loan tranche in the next cycle.

✔️ Is there any penalty for loan repayment?

No, there is no penalty for repaying the loan.

✔️ Will I get an Identity Card for use?

Yes, upon loan approval, you will receive a Provisional Identity Card, and a permanent Certificate of Vending/Identity Card will be issued within 30 days.

✔️ How long does it take to get the loan approved?

The entire process should typically take less than 30 days.