PM SVANidhi Yojana 2025 – Loan Scheme for Street Vendors

PM Svanidhi Yojna: Under the Pradhan Mantri Svanidhi Yojana, loans are provided to small businessmen, street vendors and street vendors without any guarantee. This scheme was started to provide financial assistance to small businessmen during the COVID-19 pandemic. If you also want to take advantage of this scheme, then this article is for you. In this, we will give you detailed information about the complete process of online application in PM Svanidhi Yojana and the scheme.

What is Pradhan Mantri Svanidhi Yojana?

Pradhan Mantri Svanidhi Yojana is an ambitious scheme of the Central Government, which was launched in June 2020. The main objective of this scheme is to provide financial help to small businessmen, street vendors and street vendors. Under the scheme, loans ranging from Rs 10,000 to Rs 50,000 are provided to the beneficiaries without any guarantee.

Benefits of PM Svanidhi Yojana

• Loan without guarantee: No guarantee is required to take a loan under this scheme.
• Repayment in easy installments: The loan amount can be repaid in easy installments in 12 months.
• Increase in loan amount: If you repay the first loan on time, then the next time the loan amount can be increased to Rs 20,000 and then Rs 50,000.
• Discount in interest rate: Under this scheme, discount in interest rate is also given on repayment of loan.

Eligibility for PM Svanidhi Yojana

• The applicant must be a citizen of India.
• The applicant should be a hawker, street vendor or small businessman.
• The applicant must have an aadhar card.
• The age of the applicant should be more than 18 years.

Required documents

• Aadhaar card
• PAN card (if available)
• Bank account details
• Passport size photo
• Proof of business

How to apply online for PM Svanidhi scheme?

• First of all go to the official website of PM Svanidhi Yojana.
• Click on the option of “Apply for Loan” on the home page.
• Now click on the option of “New Application”.
• Fill your personal information, Aadhar card number and business related information in the application form.
• Upload the required documents.
• After filling all the information and uploading the documents, submit the form.
• After completing the application, you will get an acknowledgement number. Keep it safe.