If you want to start a small business and are unable to do so due to financial problems, then the Modi government itself will help you. Yes, we are talking about a government scheme launched by the Modi government during the Covid-19 pandemic. This scheme is the Pradhan Mantri Svanidhi Yojana. Under this scheme, the government is giving you a loan of up to Rs 90,000 to open your own business.
This benefit will be available till 2030
The country has recovered from the Corona pandemic, but to help small traders, the Modi government has extended the deadline of this PM Svanidhi Yojna till March 31, 2030. Under this, financial assistance is being given to people to start their own business.
Earlier, a loan of up to Rs 80,000 was available under this government scheme, which was increased to Rs 90,000 by the Modi government last year in 2025. Along with this, UPI-linked Rupay credit cards are also being given to street vendors. Cashback is also given on digital payments for small and wholesale transactions.
Loans are available without guarantees
The most special thing about this government scheme is that loans of up to 90,000 taka are being given without any guarantees, which plays a significant role in increasing its popularity.
Under the PM Svanidhi Yojna, this amount is given in three stages. That is, starting from small, then larger amounts are given based on the creditworthiness of the beneficiary, that is, after the first installment is paid, a larger loan is given in the second installment and then a larger loan is given in the third installment.
How to get a loan of Rs 90,000?
After the applicant’s application under the Svanidhi scheme is approved, the government gives them Rs 15,000 in the first installment, Rs 25,000 in the second installment and Rs 50,000 in the third installment. The second installment of Rs 15,000 received as the first installment is given only after it is paid within the stipulated time. After this too is paid within the stipulated time, a one-time loan of Rs 50,000 is given in the third installment. This loan can be taken without any collateral.
Bring Aadhaar Card and Take the Money
Under this government scheme, the applicant does not have to provide much documentation to get a loan of Rs 90,000. He only needs to carry his Aadhaar card. That is, he does not have to put any collateral against the loan. Talking about another special benefit, he also gets the facility of repaying the loan amount through small EMIs.
Anyone can apply for PM Svanidhi Yojana at any government bank. Take the scheme form, fill the required details, attach a copy of your Aadhaar card and submit it. After the bank verifies the details you have provided, the loan is approved.
Lakhs of people have benefited
As per government data, till December 9, 2025, over 1 crore 1 lakh loans worth Rs 15,191 crore have been disbursed to over 69.66 lakh beneficiaries under the Pradhan Mantri Svanidhi Yojana. Over 48 lakh beneficiaries are digitally active under this scheme. The government has set a target of benefiting 1 crore 15 lakh street vendors under this scheme.