₹50,000 loan with Aadhaar card, no guarantee needed under PM Svanidhi Yojana Online Apply 2025


 

The Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme, launched in 2020, provides collateral-free loans to street vendors to support their businesses. Eligible vendors can access an initial working capital loan of up to ₹10,000. Upon timely repayment, they become eligible for higher loan amounts of ₹20,000 and subsequently up to ₹50,000.

Eligibility Criteria:

  • Street Vendors: Individuals engaged in vending prior to March 24, 2020, as identified in surveys conducted by Urban Local Bodies (ULBs).

    • Identification: Possession of a Certificate of Vending or a Letter of Recommendation from the ULB or Town Vending Committee.

    Application Process:

    1. Understand the Loan Application Requirements: Familiarize yourself with the necessary documents and information needed to complete the Loan Application Form (LAF).

    2. Ensure Mobile Number is Linked to Aadhaar: Your mobile number must be linked to your Aadhaar for e-

    3. KYC/Aadhaar validation during the online application process.

    4. Check Eligibility Status: Verify your eligibility as per the scheme's rules.

    5. Apply Online: Submit your application through the official PM SVANidhi portal or visit a nearby Common Service Centre (CSC) for assistance.

    6. Key Features:

      • Loan Tenure: Each loan cycle has a tenure of 12 months.

      • Interest Subsidy: A 7% annual interest subsidy is provided on 

      • timely or early repayment of the loan, credited directly to the beneficiary's bank account.

      • Digital Transactions Incentive: Vendors are encouraged to adopt digital payments and can earn monthly cash-back incentives for conducting digital transactions.

      • Publish by

      • Bhaskar Biswas 

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