PM SVANidhi Yojana: Documents Required, Eligibility & Application Process
The Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Yojana is a government initiative that helps street vendors access affordable working capital loans and become financially self-reliant. Launched in June 2020, the scheme was introduced to support vendors whose livelihoods were affected during the COVID-19 pandemic. Today, PM SVANidhi continues to provide financial assistance and encourage digital transactions, credit discipline, and business growth. If you are a street vendor planning to apply, understanding the eligibility criteria, required documents, and application process is essential for a smooth experience. What Is PM SVANidhi Yojana? PM SVANidhi Yojana is a micro-credit scheme that provides an initial working capital loan of up to ₹10,000 to eligible street vendors. Vendors who repay the loan on time can become eligible for higher loan amounts in subsequent cycles, helping them expand their business gradually. Key Benefits of PM SVANidhi Collateral-free ...