PM Street Vendor Atmanirbhar Nidhi Scheme Apply Online

PM SVA Nidhi scheme online apply: The government of India has approved Prime Minister SvaNidhi Yojana or PM Street Vendor Atmanirbhar Nidhi Scheme, for those who are dependent to make their livelihood by selling fruits and vegetables on the streets. This scheme or Yojana provides loan up to Rs.10,000 to the street vendors so that they can start their own small business. The 3.8 lakh Common Service Centres (CSC) across the country can provide loans to the small vendors who are looking to open their own business. CSC e-Governance Services India, the digital and e-governance services unit is responsible to provide the facilities to the beneficiaries. If you are also interested to know more about this scheme or want to know How to apply for PM Svanidhi Yojana? This information will help you in all aspects.

What is PM SVANidhi scheme?

The PM Sunidhi scheme was launched on June 1, 2020 by the ministry of housing and Urban affairs of India. This scheme specially works on providing Street Vendors a livelihood for themselves so that they can resume their livelihood after the Coronavirus lock down. Coronavirus pandemic has affected the life of small street vendors by a huge measure. The government of India has launched the scheme specially so that the street vendors can resume their livelihood by getting back to their work for this Rs.10,000 loan is provided by the government.

This scheme comes under the Aatma Nirbhar package. The scheme has said to be provided relief to approximately 382921vendors as of now, more than 1084635 Street vendors have applied for the loan till August. This scheme targets to help over 50 lakh Street vendors who can avail the working capital loan of Rs.10,000. The beneficiaries can return the loan in One year time period that too in instalments. The interest subsidy is 7% per annum. No penalty will be put on the repayment of the loan.

Pradhanmantri SVANidhi Yojana Highlights

Name of Scheme PM sva nidhi scheme
Who started it PM Narendra Modi
Launch Date 1 June 2020
Beneficiary Street vendors
objective Granting Loan

What is PM SVANidhi Mobile App?

The PM SVANidhi Mobile App is a special app for Lending institutions (LI). It has a clean and easy UI, so that the functionality of the app remains hassle free. The application provides a great feature of easy portability which makes it a great thing for the users. Real-time monitoring to vendor search in the survey data and online EKYC processing of application are some of the exceptional features of the application. Not only this name search in the list can also be done in the application. The application is available on the Google play store so android users can download it for free.

The LIs like Banking Correspondents, Agents of Non-Banking Financial Companies (NBFCs)/ Micro-Finance Institutions (MFIs) get more advancement in the digital technology with the help of PM SVANidhi Mobile App. This app promotes paperless digital access of providing loan to small and micro businesses in our country. This application is definitely a step towards microcredit services in our country

PM Street Vendor Atmanirbhar Nidhi Online Registration

Interested street vendors who are applying for the scheme can get the benefit under this self financing scheme by applying it on the official website. This application has been launched in the month of June. Interested people can apply for this loan scheme by visiting the official website or by going to the banks for applying via offline mode. To get the initial working capital loan you will have to follow the below given steps that we have provided:

How to Apply for PM Street Vendor Atmanirbhar Nidhi Scheme

  1. Firstly visit the official website of PM Svanidhi Yojana > or click here.
  2. Now On the Homepage, Click on Planning to Apply for Loan.
  3. After this Click on apply for a loan.
  4. Here, Enter your mobile number followed by captcha.
  5. Now Select the category and fill all the details required.
  6. Finally Click submit.

PM street vendor atmanirbhar nidhi scheme form pdf

PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) PDF form can be downloaded from the below given Download Link.

PM street vendor atmanirbhar nidhi scheme form pdf

PM Svanidhi Form .pdf

Check Eligibility Status for PM SVA Nidhi Scheme

These steps should be followed for Eligibility status check. The requirements can be checked by following the steps for pre-loan checks.

  1. Before checking the eligibility status keep all your necessary documents with you before filling the Loan application form (LAF).
  2. Make sure your mobile number is linked to your Aadhaar Card.
  3. Go to the Home Page of the website or directly click here to check your eligibility status.
  4. Check in which of the following 4 categories of Street vendors you fall.
  5. Now you can apply for the loan.

You can download the form from above given Pdf File. Fill the form with your updated details and upload and submit on the website.

List of Documents for PM SVANidhi Yojana

The list of Documents that you will need for the online apply for this scheme are given below:

  1. Applicant must be resident of India.
  2. Mobile number linked with Aadhar Card
  3. Only small street vendors of the country will be considered eligible under this scheme.
  4. Applicant’s Aadhar Card
  5. Voter ID Card
  6. Bank account passbook
  7. Passport size photo

Who are the eligible beneficiaries of Svanidhi Yojana

Here is the list of eligible beneficiaries. You can check your name in the list.

  1. Barber Shops
  2. cobblers
  3. Fruit sellers
  4. Ready-to-eat street food Hawkers
  5. Tea cart
  6. Bread, Dumplings and Egg Dealers
  7. Paan shops (Panwadi)
  8. Laundry shops (Dhobi)
  9. Hawkers who sell clothes
  10. Books / Stationers
  11. Artisans
  12. Vegetable sellers

Where you can get the Loan

  1. Small Finance Bank
  2. Scheduled commercial bank
  3. Regional rural bank
  4. Cooperative bank
  5. Micro Finance Institutions and SHG Bank
  6. Non banking finance companies

SVANidhi Yojana Statistics

Total applications 1084635
Sanctioned 382921
Disbursed 102085

On the launch of this special scheme, Prime Minister Narendra Modi also tweeted

MSME sector is of great importance for us. Decisions taken for the MSME sector in today’s Cabinet meet will draw investments, ensure ‘Ease of Doing Business’, and easier availability of capital. Many entrepreneurs will gain from the revised definition of MSMEs.

The government of India has approved an amount of Rs 5000 crore for this scheme that is being launched for street vendors. There are no strict conditions for this scheme and it can be availed with easy terms.


You may also like...

Leave a Reply

Your email address will not be published.