Pradhan Mantri Svanidhi Yojana 2025: Under the PM Swanidhi Yojana, road sellers can get collateral free loans ranging from Rs 10,000 to Rs 50,000. Learn the application process, what is the interest rate and who can apply to avail this scheme, complete details.
PM Svanidhi Yojana 2025: There is also a special scheme of the Government of India for millions of road vendors of the country, which they can take advantage of. The Prime Minister’s Street Vendor Self -reliant fund (PM Svanidhi) scheme helps them to give financial support and increase their business. The scheme was launched on 1 June 2020 by the Ministry of Housing and Urban Affairs (Mohua). Under the scheme, road vendors are given collateral free loan, so that they can resume and expand their work. Know who can apply for this scheme and what are the benefits?
What is the main objective behind launching PM Street Vendor Self -reliance Nidhi Scheme?
The main objective of this scheme is to bring road vendors to the formal sector and make them self -sufficient. The scheme promotes digital transactions and also gives cashback of up to Rs 100 every month. Road vendors play an important role in the country’s economy. They sell fruits, vegetables, ready-to-eat food, tea, textile, shoes, books and many other products. In addition, they also provide small business services such as sand-weaving, washer, barber, cobbler.
What is the benefit of PM Svanidhi Scheme?
- Under this scheme, a loan of Rs 10,000 as the first loan, followed by a loan of up to Rs 20,000 and up to Rs 50,000.
- This loan is available at only 7 percent interest rate, no collateral is needed.
- There is no processing fee on applying.
- Loan can be used for business needs like raw materials, rent, equipment etc.
- The loan period is one year, which gives sellers time to repay comfortably.
- This scummy helps in becoming self -sufficient and generating employment.
Who can apply for PM Swanidhi Yojana?
Those who can apply to take advantage of this scheme-
- Road sellers who have vending certificate or identity card.
- Those who are included in the survey but have not yet received the Cov/ID.
- The new sellers who started after the survey and received the letter of recommendation (lor).
- Nearby development, Pari-Araban, sellers from rural areas who have received lor.
How to apply for PM Self -Ridhi Scheme?
- Go to the official website PMSVANIDHI.MOHUA.GOV.IN and click Log in.
- Enter the mobile number and captcha, request OTP.
- After login, choose your vendor category and enter the survey reference number (SRN).
- Fill the application form, upload the document and submit.
- Download the confirmation page of the form and keep the print out and keep it safe for the future needs.
PM street vendor’s atmanirbhar nidhi apply link
Also read- PM Vishwakarma Scheme 2025: Free training for artisans, digital ID and 2 lakh loans opportunity
What documents are required for PM self-representation loan?
To take the first loan
- Category A and B: Vending Certificate and Identity Card
- Category C and D: Recitation Letter
- KYC for all: Aadhaar, Voter ID, Diving License, PAN or MNREGA card
- For recommendation letter: Account statement, membership card or any other evidence
For second loan
- First loan closure document
For any kind of information, see the user manual or can call toll-free number 1800 111 979 from Monday to Saturday, 9:30 am to 6:00 pm.
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