Archive · 24 Sep 2025
PM SVANidhi Scheme Aids Street Vendors Post-Pandemic
The PM SVANidhi scheme is like a helping hand for street vendors who lost their income during the COVID-19 lockdowns.
The government is giving out loans, up to 10,000 rupees, to these vendors so they can get their businesses going again.
To get a loan, vendors need to prove they were selling goods before March 24, 2020, and they need a special certificate.
They can apply online or at certain centers, and if they pay back the loan on time, they can borrow more later.
The scheme also gives rewards to vendors who use digital payment methods.
The PM SVANidhi scheme was introduced to support street vendors impacted by the COVID-19 lockdowns.
The scheme offers collateral-free loans of up to Rs 10,000.
Eligible vendors include fruit sellers, hawkers, and others who were vending before March 24, 2020.
Applications can be submitted online or via Common Service Centres.
Timely loan repayment makes vendors eligible for higher loans in the next cycle.
- Who
- Street vendors in urban areas.
- What
- A scheme offering loans to help them restart their livelihoods.
- When
- Launched on June 1, 2020.
- Where
- Urban areas.
- Why
- To help street vendors recover from income loss due to COVID-19 lockdowns.
- Scheme Name
- PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
- Launch Date
- June 1, 2020
- Purpose
- To support street vendors
- Loan Amount
- Up to Rs 10,000
- Eligibility
- Vendors vending on or before March 24, 2020 with required documentation
- Application Method
- Online portal or CSCs