PM SVANidhi Yojana: Prime Minister Narendra Modi has launched a new digital revolution by launching the ‘PM SVANidhi Credit Card’ for the country’s street vendors and small shopkeepers in January 2026. This card is a boon for small traders looking for working capital to grow their businesses without any guarantees.
The biggest feature of this special RuPay credit card is that it is directly linked to your UPI and allows you to use the money interest-free for 50 days. If you are also a street vendor and want to increase your income by digitizing your shop, this article is for you. Here we will provide you with step-by-step information about this card’s limits, required documents, and online application.
What is the PM SVANidhi Credit Card
The PM SVANidhi Credit Card is a special RuPay credit card specifically designed to meet the daily financial needs of street vendors. This card is linked to your regular bank account and UPI ID, allowing you to make payments by scanning a QR code.
Its most impressive feature is its interest-free period. You can use this money to purchase goods for 20 to 50 days without any additional charges. You are initially granted a credit limit of ₹10,000, but if you make timely payments, this limit is increased to ₹30,000. This card is valid for 5 years, which supports your business in the long run.
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Eligibility and Conditions for Availing the Card
The government has set some basic criteria for availing this card to ensure that the benefits reach the right beneficiaries:
- The applicant must be between 21 and 65 years of age.
- You must not have any previous loan defaults.
- Vendors who have successfully repaid their second tranche of loan under the PM SVANidhi Scheme and are eligible for a third loan (₹50,000) can apply for this credit card.
- You must be registered as a vendor in the records of the Municipal Corporation (ULB).
Essential documents
To expedite the application process, you must have the following documents:
- Aadhaar Card
- PAN Card
- Vendor Certificate (CoV)
- Bank Passbook
- UPI ID
Online Application Process
- Visit the official PM SVANidhi website (pmsvanidhi.mohua.gov.in).
- Click on the ‘Apply for Credit Card’ option on the homepage.
- Enter your mobile number and verify it with the OTP received.
- Complete the e-KYC process through Aadhaar.
- Fill in your vendor certificate details and select the bank where you have an account.
Offline Method
If you’re not comfortable filling out the form online, you can visit your nearest Common Service Center (CSC) or your bank branch. The representatives there will assist you with filling out the form and uploading documents.
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Why is this credit card special
This card isn’t just a source of money; it connects small shopkeepers to mainstream banking. The annual cashback of ₹1,200 helps you save even a little. Most importantly, its proper use improves your credit score (CIBIL). This will allow banks to easily grant you loans of lakhs of rupees in the future when you want to expand your business.