PM Svanidhi - Get business & Product Information

Eligibility

The Scheme is available to all street vendors engaged in vending in urban areas. The eligible vendors will be identified as per following criteria:

• (Street vendors in possession of Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs);
• (The vendors, who have been identified in the survey but have not been issued Certificate of Vending / Identity Card.
• Street Vendors, left out of the ULB led identification survey or who have started vending after completion of the survey and have been issued Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC); and
• The vendors of surrounding development/ peri-urban / rural areas vending in the geographical limits of the ULBs and have been issued Letter of Recommendation (LoR) to that effect by the ULB / TVC.

Document Required

Applicants should have applied through PM SVANidhi Portal (Udayami Mitra Portal).

• Documents: Digital Documentation (Term & Conditions) e-Signing of digital documents through NeSL based on Aadhar & OTP. Loan processing-Through e-GSS application of Bank(SBI)
• Interest Subvention: The vendors, availing loan under the scheme, are eligible to get an interest subsidy @ 7%. This is applicable for only prompt repayment customers.
• Credit Guarantee: The Scheme has a provision of Graded Guarantee Cover for the loans sanctioned, administered by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), which will be operated on portfolio basis. No CG fee is required to be paid by Street Vendor/ Banks.

For more details, please visit

https://pmsvanidhi.mohua.gov.in/ and nearest SBI branch