{"id":13939,"date":"2025-09-19T10:36:02","date_gmt":"2025-09-19T10:36:02","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/09\/19\/pm-svanidhi-loan-apply-online-street-vendors-to-get-loans-up-to-rs-90000-without-collateral-how-to-apply-economy-news\/"},"modified":"2025-09-19T10:36:02","modified_gmt":"2025-09-19T10:36:02","slug":"pm-svanidhi-loan-apply-online-street-vendors-to-get-loans-up-to-rs-90000-without-collateral-how-to-apply-economy-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/19\/pm-svanidhi-loan-apply-online-street-vendors-to-get-loans-up-to-rs-90000-without-collateral-how-to-apply-economy-news\/","title":{"rendered":"PM SVANidhi Loan Apply Online: Street Vendors To Get Loans Up To Rs 90,000 Without Collateral; How To Apply? | Economy News"},"content":{"rendered":"


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PM SVANidhi Scheme: Under the microcredit programme, vendors can now access loans in three stages, totalling up to Rs 90,000, higher than the earlier cap of Rs 80,000.<\/h2>\n
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More than 6.8 million beneficiaries, ranging from fruit and vegetable sellers to laundry operators, barbers, and small shop owners, have availed loans under the PM SVANidhi Scheme.<\/p>\n<\/figure>\n

PM SVANidhi Scheme:<\/strong> The government has decided to extend the Prime Minister Street Vendors Atmanirbhar Nidhi (PM SVANidhi) scheme till March 31, 2030, providing longer financial support to millions of small vendors. Launched on June 1, 2020, the scheme offers collateral-free working capital loans to street vendors, hawkers, and small shopkeepers to help them sustain and expand their livelihoods.<\/p>\n

So far, more than 6.8 million beneficiaries, ranging from fruit and vegetable sellers to laundry operators, barbers, and small shop owners, have availed loans under the scheme. With the extension, the government expects to spend about Rs 7,332 crore, benefitting nearly 11.5 million people, including an additional 5 million new borrowers.<\/p>\n

Loan slabs revised<\/strong><\/p>\n

Under the microcredit programme, vendors can access loans in three stages, totalling up to Rs 90,000, higher than the earlier cap of Rs 80,000. The first loan slab has been raised from Rs 10,000 to Rs 15,000, while the second has gone up from Rs 20,000 to Rs 25,000. The third stage remains unchanged at Rs 50,000. All loans are offered without any collateral requirements.<\/p>\n

Digital push and RuPay card facility<\/strong><\/p>\n

Borrowers who repay their loans on time will also become eligible for a RuPay credit card linked to UPI, enabling quicker access to funds for business expansion or personal needs. To promote digital transactions, vendors can earn up to Rs 1,600 annually as cashback on wholesale and retail payments made digitally.<\/p>\n

Where and how to apply<\/strong><\/p>\n

The loans are disbursed through scheduled commercial banks, regional rural banks, small finance banks, cooperative banks, NBFCs, microfinance institutions, and self-help group (SHG) banks. The Small Industries Development Bank of India (SIDBI) acts as the implementation partner. Applicants are required to complete basic KYC formalities, including Aadhaar and voter ID, while other documents such as driving license, MGNREGA card, or PAN can also be used. Vendors can also apply through Common Service Centres (CSCs) across the country.<\/p>\n

Training for vendors<\/strong><\/p>\n

Alongside financial assistance, the government is running training programmes for vendors. In Prayagraj, for instance, a welfare fair organised under the scheme included sessions for street food sellers. Similar events have begun in Mainpuri, Uttar Pradesh. These welfare fairs, which started on September 17 \u2014 coinciding with Prime Minister Narendra Modi\u2019s birthday \u2014 will continue until October 2.<\/p>\n

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Mohammad Haris<\/a><\/p>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

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First Published:<\/span><\/p>\n
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September 19, 2025, 14:34 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> economy<\/a> PM SVANidhi Scheme: Street Vendors To Get Loans Up To Rs 90,000 Without Collateral; How To Apply?<\/span><\/div>\n
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Last Updated:September 19, 2025, 15:40 IST PM SVANidhi Scheme: Under the microcredit programme, vendors can now access loans in three stages, totalling up to Rs 90,000, higher than the earlier cap of Rs 80,000. More than 6.8 million beneficiaries, ranging from fruit and vegetable sellers to laundry operators, barbers, and small shop owners, have availed…<\/p>\n","protected":false},"author":1,"featured_media":13940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-13939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/13939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=13939"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/13939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/13940"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=13939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=13939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=13939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}