PM SVANidhiIN

PM Street Vendor's AtmaNirbhar Nidhi

Organized by Ministry of Housing and Urban Affairs

A micro-credit facility providing working capital loans to street vendors to resume their livelihoods post-COVID-19. Promotes digital transactions and formalizes the urban informal economy.

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Financial Aid & Loans

PM SVANidhi · Ministry of Housing and Urban Affairs

loan Funding

Launch Year

2020

Reach

5,000,000+ loans disbursed

Funding

loan

Status

active

Financial Benefits

Loan: ₹10,000 (1st term), ₹20,000 (2nd term), ₹50,000 (3rd term)
Subsidy: 7% interest subvention
Cashback up to ₹1,200/year on digital transactions
No collateral required

Data last verified: 2024-03-01