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All StatesSocial WelfareCentral Scheme
PM SVANidhi Scheme
Managed by: Ministry of Housing and Urban Affairs (Municipal Administrations)
About the Scheme
A micro-credit facility providing collateral-free working capital loans to street vendors to help restart their livelihoods after pandemic disruptions.
Welfare Benefits & Assistance
- •Collateral-free working capital loan of Rs. 10,000 (1st tranche), Rs. 20,000 (2nd tranche), and Rs. 50,000 (3rd tranche)
- •Interest subsidy of 7% per annum on timely repayments
- •Cashback incentives on digital transactions up to Rs. 1,200/year
Eligibility Criteria
State ResidencyCitizen of India
Age Limits18 to 65 years
Family Income CapStreet vendors active prior to notified cut-off dates
Social Class / CategoryAll categories
Additional Prerequisites
- Must hold a Certificate of Vending (CoV) or Identity Card issued by the local Urban Local Body (ULB)
Documents Required for Application
Tip: Keep scanned color copies of these documents ready before starting your application.
How to Apply (Step-by-Step Guide)
1
Apply through the PM SVANidhi Portal (pmsvanidhi.mohua.gov.in) or CSCs
1
Submit loan request through bank representatives or municipal nodal counters
Who Should Apply?
- ✓Urban street vendors, hawkers, and cart operators in India
Who Should NOT Apply?
- ✗Established shopkeepers with concrete retail stores
- ✗Non-vendors
Frequently Asked Questions (FAQs)
What is the interest subsidy under PM SVANidhi?
Beneficiaries receive a 7% interest subsidy credited directly to their bank accounts quarterly upon timely loan repayment.
Related Welfare Schemes
Karmasathi Prakalpa Scheme
Who Can Apply:
Unemployed youth (Class 8 pass, aged 18-50) looking to start business in WB
Key Benefits:
•Subsidized self-employment credit loan up to Rs. 2 Lakhs
•State government provides 15% subsidy of project cost (max Rs. 25,000)
Updated: July 2026
Banglashree Scheme
Who Can Apply:
New or expanding MSME units in West Bengal
Key Benefits:
•Capital investment subsidies ranging from 10% to 40% based on location zone
•Interest subsidy up to 6% on term loans
Updated: July 2026
Jai Bangla Pension
Who Can Apply:
SC/ST residents aged 60+ in West Bengal
Key Benefits:
•Monthly pension of Rs. 1,000 credited directly to bank account
•Covers both Taposili Bandhu (SC) and Jai Johar (ST) sub-schemes
Updated: July 2026
Manabik Pension
Who Can Apply:
Persons with 40%+ disability in WB
Key Benefits:
•Monthly pension of Rs. 1,000 via DBT
•No age restriction for disabled persons
Updated: July 2026
Scheme Details
State / CentralCentral Government
AuthorityMunicipal Administrations
SubcategoryStreet Vendors Micro Credit
Launch DateJune 2020
Target Beneficiaryentrepreneurs
Official Helpline1800-11-1979