PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) to empower Street Vendors

The PM SVANidhi scheme offers incentives in the form of:

• interest subsidy @ 7% per annum on regular repayment of loan

• cashback upto INR1200/- per annum on undertaking prescribed digital transactions

• eligibility for enhanced next tranche of loans

3 Simple pre-application steps have been listed to help street vendors get ready for the application process. Street vendors may apply directly on the PM SVANidhi portal, or through a Common Service Centre (CSC) nearby.

Eligibility Criteria-

The PM SVANidhi scheme is available to all street vendors who are engaged in vending in urban areas as on or before March 24, 2020. The eligible vendors are 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; Provisional Certificate of Vending would be generated for such vendors through an IT based Platform. ULBs are encouraged to issue such vendors the permanent Certificate of Vending and Identification Card immediately and positively within a period of one month

• Street Vendors, left out of the ULBled 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)

• 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.