Money for your businessloanChecked Oct 2026
PM SVANidhi (loans for street vendors)
Small working-capital loans for street vendors in three steps. Repaying one step on time opens the next, larger one.
First loan
Up to ₹15,000
- For
- Street vendors and hawkers in towns
- Second loan
- Up to ₹25,000
- Third loan
- Up to ₹50,000
- Lending open until
- 31 March 2030
- Digital payment cashback
- Up to ₹1,600
What to know
- The scheme was restructured by the Union Cabinet on 27 August 2025: the first loan rose from ₹10,000 and the second from ₹20,000.
- Vendors who have repaid the second loan can get a UPI-linked RuPay credit card.
- Coverage is being widened beyond statutory towns to census towns and peri-urban areas.
- It is run by the Ministry of Housing and Urban Affairs, with banks lending under the Department of Financial Services.
How to apply
- Check that you are on your municipal body's street vendor survey, or get a certificate of vending or a letter of recommendation from the urban local body.
- Apply at a bank, a micro-finance lender or a Common Service Centre, or on the PM SVANidhi portal, with Aadhaar and a mobile number linked to it.
- Repay the first loan on time to become eligible for the second.
Ask before you apply
We could not confirm these points. Terms change, so ask and get the answer in writing.
| Ask | Where to ask |
|---|---|
| Is there an interest subsidy on the loan now, and how much? | The lending bank, or the PM SVANidhi portal |
| I am not on the vendor survey. How do I get a letter of recommendation? | Your municipal ward office or Town Vending Committee |
Other ways to raise money
- Mudra loanCollateral-free business loans in four slabs
- PMEGPLoan with subsidy for new units
- PM VishwakarmaPeople working with their hands in 18 traditional trades
- CMEGP (Maharashtra)Residents of Maharashtra starting a new unit
- Stand-Up IndiaSC, ST and women starting a new enterprise of some size
- CGTMSE guaranteeAny micro or small enterprise that has no property to pledge
- Self-help group creditWomen in rural self-help groups
- Microfinance loanLow-income households with no collateral
- Gold loanAnyone with gold ornaments who needs money quickly
Sources
- PM India: Cabinet approves restructuring and extension of PM SVANidhi
- News On Air: Union Cabinet approves restructuring of PM SVANidhi
Scheme terms change by government order and differ between banks. Confirm everything with the bank or the scheme office before you commit money. Checked Oct 2026.