PM SVANidhi (Micro Credit Scheme for Street Vendors)
Central Scheme (All India)
Finance
Application Mode: ONLINE
Active
Quick AI Summary
Special micro-credit facility providing collateral-free working capital loans up to Rs. 50,000 to street vendors.
Detailed Summary
PM Street Vendor's AtmaNirbhar Nidhi aims to facilitate working capital loans in three tranches: Rs. 10,000 (1st tranche), Rs. 20,000 (2nd tranche), and Rs. 50,000 (3rd tranche).
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits | - Collateral-free working capital loan up to Rs. 50,000. - 7% interest subsidy on regular repayment. - Cashback incentives up to Rs. 1,200 per annum for digital transactions. |
Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| age min | >= 18 |
| state id | = 3 |
Application Process Guide
- Apply online on the PM SVANidhi portal or through local banking correspondents/municipal bodies.