PM SVANidhi (Prime Minister Street Vendor’s AtmaNirbhar Nidhi)

Back

Exit Guide

PM SVANidhi (Prime Minister Street Vendor’s AtmaNirbhar Nidhi)

Features of Prime Minister Street Vendor’s AtmaNirbhar Nidhi

The loan can be paid back in monthly instalments.
7% interest is applicable on the loan amount.
The loan amount is sent through direct transfers, every quarter (4 months)

Benefits of PM SVANidhi (Prime Minister Street Vendor’s AtmaNirbhar Nidhi)

The scheme encourages digital payments by providing cashback of up to ₹100 every month for vendors who receive and make payments through NPCI, GPay, PhonePe, PayTM, etc.

Making digital transactions also builds the credit score of vendors, which will allow them to secure loans in the future.

To apply for the loan

Make sure your bank account is linked to your phone number and Aadhar Card

Go to the PM SVANidhi official site.

1. Click on Login
2. Enter your mobile number
3. Next, Enter Aadhar Card Number

Upload all requested documents (KYC)

In addition, vendors can call the toll free number: 1800 11 1979.

The phone numbers of all Nodal Officers can be found on this link.

An applicant can also approach a Self Help Group, CLF or the vendor’s bank.

Points to remember

The Pradhan Mantri Mudra Yojana provides loans up to ₹10 lakh to small and medium-sized businesses in India for development and upscaling business prospects and activities
In case of an emergency or a sudden requirement of funds for our business, the MSME loan scheme in 59 minutes offers up to ₹5 crores with ease and safety. The MSME 59 minute loan scheme seeks to provide hassle-free loans with minimum paperwork within an hour!
PM SVANidhi scheme aims to provide working capital up to ₹10,000 for applicants

Quiz Time!

Let’s have a quick quiz to test your learning!

Start Quiz!

CONGRATULATIONS

Congratulations on completing this guide! Hope you had a good time learning about the Business Loans!

Continue learning

Home Loans

Elementary knowledge of Home Loans.

Start