HomeHow toPM Svanidhi Yojana 2021: Online Apply Loan, Street Vendor Atmanirbhar Nidhi

PM Svanidhi Yojana 2021: Online Apply Loan, Street Vendor Atmanirbhar Nidhi

PM Svanidhi Yojana 2021 | prdhaanmNtrii svnidhi yojnaa aatmnirbhr bhaart | Prime Minister Svanidhi scheme online apply | PM SvaNidhi Loan Status | Vendor List

Premier Secretary Narendra Modi has initiated the Seva Nidhi scheme on June 1st, 2020, under the Ministry of urban and housing affairs. Svanidhi scheme will grant loans of up to 10000 rupees for a period of one year. This will enable Collateral Free working capital. This will help street vendors (approximately 50 million) in resuming their activities. To increase the capacity for street sellers and help their ability to make loans, the facility is extended. This is to facilitate the development of the entire market and for the economic development of vendors.

PM Svanidhi Yojana 2021

According to certain economists, this is an extremely important time for the economics of the nation. Due to the lockdown as well as the outbreak of the pandemic Indian economy has slowed down significantly. This is why numerous Urban and rural area Street vendors had to face difficulties. They could not get back to work because of the lack of cash. In order to help them boost their business, a business loan for a one-year period is available. The amount can be as high as 10000 rupees. To turn it into a digital currency the mobile application for the PM SvaNidhi Yojana was released on the 17th of July. This will allow street vendors to go digital for transactions. In this way, they’ll receive cashback every month too.


There are a few eligibility requirements applicants must meet in order in order to qualify for the loan. This program is intended for a street vendor that falls under the 2014 act (protection of livelihoods and the regulation of street selling).

  1. Street vendors must have a vending certificate for identification issued by an urban local authorities
  2. Vendors who have been identified by survey but are not issued any identity cards. The certificate for provisional vending could be issued through the IT platform
  3. Vendors who are part of the development be able to establish geographical boundaries
  4. Local bodies in urban areas. A letter of recommendation must be drafted by the town vending committee

Objectives of PM SvaNidhi Yojana

In this program, the Ministry of housing and urban affairs has fully funded street vendors. The main goal is to allow an amount of 10000 Rupees to street vendors to motivate regular making payments on loans. The scheme also offers digital rewards through online transactions. This scheme will allow street vendors to establish their goals. It will create an opportunity for their business through this financial assistance.

For a term of 1 year to up to Rs. 10000/- is made available in the form of loans to Urban Street Vendors. The loan is offered to work capital and is repayable monthly instalments. For this loan, there is no Collateral will be required. If the seller pays the instalment promptly, they’ll qualify for the next capital loan, which has an enhancing limit. If they’re not able to pay in time, penalties will be assessed.

Subsidies On Interest Rate

The loan-taking vendors will receive an interest subsidy. In this program, vendors are eligible for the interest rate to be up to 7 per cent. The interest subsidy will be paid to borrowers every quarter. The money is transferred directly to the bank account belonging to the lender. The interest subsidy is available through March 31, 2022. In the event of early repayment, the amount of the subsidy is calculated at the same time.

Promoting Vendors For Digital Transition

In this way, the incentive will be offered to those companies that will make the digital transformation. This incentive will be paid the cashback according to the cashback. The digital payment network like UPI Paytm, UPI, Google pay, etc. can be used for Digital transactions. Monthly cashback of up to 50 to 100 rupees is offered to the vendors. The digital transition process. It is further classified as follows:

  1. In the event of making 50 eligible transactions within the course of a month will give you 50 rupees in cashback.
  2. In the next fifty transactions Rs will be given upon completing 100 eligible transitions. That is, for each 100 eligible transaction in one month, cashback of 75 rupees will be credited to the account of the creditor.
  3. The next 100 transactions , another 25 rupees are added. It’s an total of 200 eligible transactions that allow the seller to earn 100 rupees.

The steps to follow before applying for a loan under PM Svanidhi

There are three crucial actions that applicants must take prior to submitting an application online. They are subcategories, and are described below:

Understanding the first requirement of credit

When filling out their application forms, it’s crucial to comprehend the details, the documents needed. Make sure to have all the required details and documents in order prior to fill out the application form. The list of documentation that is required is listed above.

Link Aadhaar card with mobile number

The applicant should have connected their mobile number to the Aadhar card. In this process, a unique passcode is issued to the registered mobile. If the details are received after Aadhar, it isn’t connected, the process may break between. Candidates may visit the IT department of Aadhar to update their mobile numbers. It’s an easy procedure to update your mobile number in any Aadhar centre.

Eligibility checks for the PM svanidhi scheme

Applicants must fall within four categories of street vendors to be eligible for the loan. Before applying for the loan, the applicant should be in any category of vendor status.

  • Applicant must be named on the list of surveyors of an the urban local body
  • If they don’t appear on the survey list , they need to have an identity card or a certificate for vending from the town’s vending committee.
  • If the person who is requesting to be included out of the survey , they can request a recommendation letter from the local authority in urban areas.
  • Else street vendor in the nearby development areas is located within the geographical limits of the local body for urban development. They are able to request an original copy of the recommendation letter for the loan.

Application Procedure of PM Svanidhi Yojana Online

The process for applying in applying for the SvaNidhi scheme is simple. To apply for a loan using an online application, follow the steps. How to apply online for PM SvaNidhi can be found below the following steps:

  1. First, go to first the Official website of the PM SvaNidhi Yojana
  2. In the main screen you will find an option to request an installment loan
  1. Click here to open the link. this will open a webpage to log in.
  2. In this section, a mobile number is required. Please provide your mobile number and click captcha to ask for OTP
  1. OTP is sent to your phone number. Enter this password one time to confirm your identity.
  2. Once you have completed this process, the it will open a new page. It will indicate that the candidate has an account
  3. It will open a new page that asks you to by the user to complete a task and an Aadhar card. Enter this information and an the application form will be displayed.
  1. Complete this application form and on the following page upload the documents.
  2. Then, you must fill out the application form.
  3. The submission of this form will begin the process of the loan.
  4. It will be subject to scrutiny when the verification loan is approved.
  5. Print this application form for later use.

Procedure To Apply For Letter Of Recommendation

In order to avail of the PM SvaNidhi scheme, applicants must ask for a recommendation letter. This recommendation letter is given to them in accordance with the procedure given below:

  1. Then, visit the official website
  2. There is the possibility of applying to LOR
  • Click here to view this
  • Candidates’ mobile numbers will be requested.
  • An OTP is transmitted to the number
  • Use this unique password OTP confirmation
  • The details of Aadhar card are needed to verify the card
  • Applicant can confirm their Aadhar by using OTP or biometrics
  • After uploading verification, the documents and submit
  • After careful examination, the letter of recommendation will be generated for the beneficiary

How To Check Vendor Survey List veNddr srve listt dekhne kaa triikaa

A person who wishes to get a loan should look up the applicant’s name on the list of vendors. The list of vendors will contain the survey names of all applicants as well as the respective regions. The method to verify the survey list of vendors is as follows:

PM Svanidhi Yojana
  • The home page of this section is a section with scheme instructions.
  • In this tab you will find an the option for a list of vendors’ servers.
PM Svanidhi Yojana
  • Click on this link to access this option
  • The details of the candidate are sought
  • Information is provided as the state, ULB number, vendor ID card number, certificate of vending number, the name of street vendor the father’s name, mobile number
PM Svanidhi Yojana
  • Complete all the information and perform a search
  • If the name of the applicant appears on the list, they are eligible to borrow
  • If they don’t have a name , they may request a the letter of recommendation
  • This will assist those who are unable to travel to the local bodies

Lenders Of Loan

The government’s macro and microfinance organizations can lend money. The lending organizations are encouraging lenders to expand their networks of fields. The scheme provides the business correspondent, agent in large quantities to broaden the scope that this plan offers.

Regional rural banks, small-scale finance banks, banks that are not part of the Banking Finance Corporation micro-financing SHF and others are trying to offer SvaNidhi. You are aware that Andhra and Telangana don’t have any Micro Finance institutions. They do however have a solid group of SHG. They are using that source to generate and mobilize loans. Other states are also using their network of banks to provide cash to street vendors.

Pradhanmantri SvaNidhi Mobile Application

To make this plan more simple and accessible, the government has created a mobile application. mobaail Epliikeshn Ddaaunlod on July 17th. In the mobile app, the interface is extremely user-friendly. Additionally, a list of all institutions that lend and a survey list are provided. In addition, the process for making an application for a loan online is provided. Applicants can make use of mobiles to obtain credit online.

Frequently Asked Questions

The reason this scheme was initiated?

Coronavirus lockdowns have negatively affected the sales of vendors on the street. They are not able to earn the most amount. However, they have a modest investment in capital. Because of lockdown, they have consumed their capital. This means they don’t have credit to begin and continue. In order to help their needs, this scheme was created.

Which is the goal for the PM SvaNidhi Yojana?

Its goal is to offer up to 10,000 loans to street vendors to use for working capital. The scheme also offers incentives to pay back loans. The aim of the program is to reward Digital transactions. To improve the digital India program’s features under the PM SvaNidhi scheme that up to 10000 working capitals can be available. In this program, a grant of 7% interest is offered when the instalment is paid earlier. Monthly cashback is available for digital transactions. Paying back the loan on time will allow eligible businesses to receive an increase in loan.

What’s the Lending Institute?

To offer credit, loans and scheduled commercial banks small financial institution Cooperative Bank regional rural bank Microfinance Institution and non-banking financial firms are lending institutions.

What is the amount offered under the PM SvaNidhi Yojana?

Up to 10000 dollars of working capital is available for one year to the vendors. This amount will rise in the coming working capital if the loan is in advance.

How do I go about the procedure of applying for the loans?

To be eligible for this credit, the applicant will require proof of vending or an identity card. This will allow them to apply to bank agents or correspondents. They must fill out the registration form as well as upload the required documents through the online portal.

Do I qualify for the loan in the event that I do not possess an identity card even though my name appears listed on the survey list?

In that instance, you could get an interim certification of vending from an online platform. This agent will guide you fill out your application. Once you upload your documents, the process will start the loan payment process. Which KYC documentation is needed?

A letter of recommendation for the most important documents necessary to be submitted for KYC includes Aadhar license for driving, voter ID card MANREGA pan card.

What amount of collateral do I need to provide in order to obtain this credit?

It is not necessary to have collateral for this loan.

What is the difference between interest rates and subsidies?

There is a subsidy of 7% for interest rates. The interest subsidy is directly transferred to the account of the beneficiary each quarter. If the borrower has made an early repayment of the loan, the subsidy will be paid to them all at once. If you pay a loan of 10000 and 12 will give almost 400 dollars in subsidy.

Does there come with any penalties for the repayment of the loan beyond the agreed date?

Yes, the loanee is subject to a penalty for not repaying the loan in time. If they’ve paid off the loan prior to the due date, it isn’t a penalty.

What is the time needed to get approval for the loan?

The entire process is completed via the official website and mobile applications. After verification and all processes, the applicants can receive the loan within 30 days.

PM sav-nidhi Background

Street vendors are referred to by some as being the informal economy in urban regions. They offer items and services for low prices that can be delivered from one location to another. They are also known as Vendors Thela Wala and Rehadi Wall and so on. The list of items offered by them includes food items, footwear, textiles tea, pakoda food book, stationery and so on. They also provide major services such as barbershops cobbler, laundry pan Dukaan. The lockdown on Coronavirus was implemented in March of 2020. It has impacted the lives of street vendors. They are earners on a daily basis and daily expenders. Due to lockdown, their savings were all used up as there wasn’t an income source for them. The result was that their job was ruined. To help the workers who are unable to work, they were offered the SvaNidhi scheme was introduced.

हाउसिंग एंड अर्बन अफेयर्स मंत्रालय ने स्ट्रीट वेंडर्स को सशक्त बनाने के लिए न केवल उनके लिए बल्कि उनके समग्र विकास और आर्थिक उत्थान के लिए भी स्ट्रीट वेंडर्स को सशक्त बनाने के लिए पीएम स्ट्रीट वेंडर की Atma Nirbhar Nidhi (PM SVANidhi) योजना शुरू की। यह योजना लगभग 50 लाख स्ट्रीट वेंडरों के INR 10,000/- तक के संपार्श्विक मुक्त कार्यशील पूंजी ऋणों की सुविधा प्रदान करने का इरादा रखती है, ताकि आसपास के पेरी-शहरी / ग्रामीण क्षेत्रों सहित शहरी क्षेत्रों में अपने व्यवसायों को फिर से शुरू करने में मदद मिल सके।


If there is a discordance, the beneficiary is able to seek assistance from the official authorities. The contact information for ministry officials for any complaints are:

Room number 334-C
Ministry of urban and housing matters
Nirman Bhavan
Maulana Azad Road
New Delhi 110011
Email- [email protected]
Telephone – 011230 62850

We are also able to answer questions and concerns that are related to PM Seva Nidhi Yojana or PM Seva Nidhi yojana. Our staff will assist in locating solutions.

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