PM Swanidhi Scheme

The PM SVANidhi Scheme was launched during the COVID-19 pandemic to support street vendors. These vendors are commonly known as hawkers, thela-walas, and rehri-walas in different regions. Items sold include vegetables, fruits, prepared street food, tea, pakoras, bread, eggs, garments, footwear, handicrafts, books, and stationery.

Service providers such as barbers, cobblers, paan shop owners, and laundry operators are also included under this scheme. It provides working capital loans through banks in three phases:

• ₹10,000 in the first phase
• ₹20,000 in the second phase (upon repayment of the first loan)
• ₹50,000 in the third phase (after repaying the second

This is a Centrally Sponsored Scheme fully funded by the Ministry of Housing and Urban Affairs, aimed at:

• Providing collateral-free working capital loans up to ₹10,000
• Encouraging timely repayment
• Promoting digital transactions

The scheme enables street vendors to expand their businesses and boosts urban economic activities.

Eligibility Criteria

This scheme is available to all street vendors active in urban areas on or before March 24, 2020. Eligible vendors are identified as:

• Vendors holding a Certificate of Vending or ID Card issued by Urban Local Bodies (ULBs)
• Vendors identified in ULB surveys but yet to receive the Certificate of Vending or ID

Required Documents for Application

• Aadhaar Card
• Bank Passbook
• Trade License