Prime Minister street vendor's AtmaNirbhar Nidhi (PMSVAnidhi) Yojana (Central)

The scheme helps formalise financing for street vendors through collateral-free loans with an interest subsidy. Loans can be used for working capital, business expansion or purchase of assets. The scheme also incentivises digital transactions by vendors through a cash-back facility.

• Collateral-free loan of up to Rs 50,000 with an interest subsidy of 7% per annum on timely/early repayment.
• Loan amount and tenure:
• 1st term loan: Rs 5,000-15,000 for 12 months
• On repaying the first loan, 2nd term loan: Rs 15,000-25,000 for 24 months
• On repaying the second loan, 3rd term loan: Rs 25,000-50,000 for 36 months
• On timely or early repayment, the vendor becomes eligible for the next loan cycle with an enhanced limit. The 7% interest subsidy is credited to the borrower's account quarterly (lenders claim for quarters ending June 30, September 30, December 31 and March 31); in case of early repayment, the admissible subsidy is credited in one go.

• 1. Age more than 18 years
• 2. Registered Street Vendor
• Note: The Scheme is available to all street vendors engaged in vending in urban areas as on or before March 24, 2020. The eligible vendors will be identified as per following criteria: (i) Street vendors in possession of Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs); (ii) The vendors, who have been identified in the survey but have not been issued Certificate of Vending / Identity Card; (iii) Street Vendors, left out of the ULB led 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); and (iv) 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.

• 1. Aadhaar Card
• 2. Digital Payment Gateway Details
• 3. Bank Account Statement
• 4. Bank Account Passbook
• 5. Photo of the establishment
• 6. Aadhar Seeding Slip
• 7. Letter of Recommendation from TVC/Certificate of Vending/Street Vendor Identity Card
• 8. Enterprise Existence Proof