PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)

Street vendors are integral to the urban informal economy, offering essential goods and services to city residents at affordable prices right at their doorstep. Known by various names like vendors, hawkers, thelewala, rehriwala, and theliphadwala depending on the region, they provide a wide range of products including fruits, vegetables, street food, beverages, textiles, footwear, and services like barber shops and laundry.

However, the COVID-19 pandemic and subsequent lockdowns have severely affected the livelihoods of these vendors, many of whom operate on small capital reserves that may have been depleted during the lockdown period. Consequently, there is an urgent need to provide them with access to credit for working capital to revive their businesses.

Objectives

This scheme, fully funded by the Ministry of Housing and Urban Affairs under the Central Sector Scheme, aims to achieve the following objectives: (i) Facilitate working capital loans of up to `10,000; (ii) Encourage timely repayment through incentives; and (iii) Promote digital transactions by offering rewards.

Eligibility Criteria

Street vendors possessing a Certificate of Vending/Identity Card issued by Urban Local Bodies (ULBs).

Vendors identified in surveys but not yet issued a Certificate of Vending/Identity Card.

Vendors from surrounding development/peri-urban/rural areas vending within ULB geographical limits, holding a Letter of Recommendation (LoR) from the ULB/TVC.

Benefits of the Scheme

• Financial assistance of up to ₹10,000 is provided to street vendors, facilitating the restart and expansion of their businesses.
• The loan comes with a low-interest rate of 7%, easing the burden of repayment for street vendors.
• No collateral is required, enhancing accessibility to the loan for street vendors.
• There are no processing fees, making the scheme cost-effective for street vendors.
• The loan amount can be utilized for various purposes related to street vending, including procurement of raw materials, rental
  payments, or equipment purchases.
• The scheme fosters financial stability and self-reliance among street vendors.
• With a repayment period of one year, vendors have ample time to repay the loan.
• The scheme promotes entrepreneurship and facilitates the creation of employment opportunities.
• Aimed at assisting street vendors affected by the COVID-19 pandemic, the scheme aids in their recovery from the economic impact.
• Implemented nationwide, the scheme is accessible to street vendors across all States and Union Territories, ensuring widespread support.

Application Process

Online:

Step 1: Go to https://pmsvanidhi.mohua.gov.in/ and click on the “Log In” button.

Step 2: Enter your mobile number and captcha. Click on “Request OTP.”

Step 3: Once logged in successfully, choose the appropriate “vendor category” from the options provided. Enter the mandatory Survey Reference Number” (SRN).

Step 4: After entering these essential details, complete the online application form, upload the required documents, and submit.

Offline:

Step 1: Visit the nearest designated offline application center.

Step 2: Obtain and fill out the application form manually.

Step 3: Submit the completed form along with the necessary documents to the authorized personnel at the center.

Note: To seek clarification and access a detailed step-by-step process, please consult the User Manual.

For inquiries, you can call the toll-free number 1800111979 between 9:30 AM and 6:00 PM from Monday to Saturday, excluding national holidays.

Street vendors excluded from ULB-led identification surveys or those who commenced vending post-survey and possess a Letter of Recommendation (LoR) from the ULB/Town Vending Committee (TVC)