Government Scheme: The central government is running government schemes for all sections of the country. The government’s objective behind these schemes is to empower the common people financially. Furthermore, the government is also running business-related schemes to help people start businesses. If you run a small business or work as a street vendor, this scheme could prove to be very valuable for you. The central government is providing the facility of guaranteed loans. The most important feature of this scheme is that it does not require any property or documents.

This scheme is no less than a lifeline for small business owners and street vendors. Under this scheme, beneficiaries will receive up to ₹90,000. Let’s explain what this scheme is and who is benefiting from it.

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You will receive Rs 90,000 under the PM SVANidhi Scheme

Small businesses and street vendors suffered the most during the COVID-19 pandemic. To help them, the government launched the Pradhan Mantri SVANidhi Scheme in June 2020. Previously, the scheme offered a maximum loan of Rs 80,000, but now it has been increased to Rs 90,000.

The best part is that this loan is completely unsecured. The scheme is divided into three parts. The first phase will provide Rs 15,000, the second phase will provide Rs 25,000, and the third phase will provide Rs 50,000. Applicants with a good CIVIC score can easily access the loan in the third phase.

Who can benefit?

According to government data, as of July 30, 2025, more than 6.8 million people have benefited from this scheme. If you want to benefit from this scheme, you must fulfil certain conditions. Street vendors must be registered with the Municipal Corporation or any other local authority to benefit from this scheme. You must also have an identity card.

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How to Apply

To apply, you can visit any bank and submit your Aadhaar card and the required documents. Another feature of this scheme is that the entire application process is digital, meaning you can apply online.