PM Svanidhi app Street Vendor Loan Atmanirbhar Nidhi Apply

PM Svanidhi app

PM Svanidhi app: PM Street Vendor’s AtmaNirbhar Nidhi New mobile android application namely PM Svanidhi app has launched by the Ministry of Housing and Urban Affairs (MOHUA) on 17th July 2020, Friday. The main aim of this mobile app is to provide Loans to Street Vendors to resume their livelihoods.

The Indian Prime Minister Narendra Modi Garu has suggested to the Press Information Bureau (PIB) to establish the new scheme for the Street Vendor in June 4th week 2020.

So, the PIB has introduced a new platform to provide loans for Street Vendors. Due to the Covid19 Pandemic, a large number of Small Scale Business people, as well as Migrant workers, lost their daily profit and Income. To fulfill this outbreak, the Central government has started more new schemes for Migrant workers, Labours, Employees, and Students. 

PM Svanidhi app Street Vendor Loan Atmanirbhar Nidhi Details

PM Svanidhi Mobile app is a digital platform that will help people to enable the field functionaries of lending institutions (LIs) such as BCs, NBFCs, and MFIs. The Ministry of Housing and Urban Affairs has introduced the PM Svanidhi Atmanirbhar Nidhi scheme on 1st June 2020 and it has launched the PM Svanidhi portal on June 29th, 2020. To complete the loan process without hassle, the Ministry has launched the digital platform called PM Svanidhi Mobile app this Friday.

The main intention of the PIB is to provide affordable working capital loans to the Street Vendor People who have lost their livelihoods due to the Coronavirus Outbreak. This PM Svanidhi scheme targets to provide the Bank loans with a low interest over 50 lakhs Street Vendors who had been vending on or before 24-03-2020.

Under this scheme, all eligible beneficiaries can avail a loan of up to ten thousand rupees which is repayment in monthly EMIs. The Rate of Interest for this loan amount is 7% per annum. All eligible Vendors will get the loan amount directly to their bank accounts via the DBT System. So, the Vendors who want the PM Svanidhi Loan amount must apply for this scheme through the PM Svanidhi portal which is The Online Registration Process has started on July 17th, 2020. All Urban Steet vendors can utilize this scheme benefits and enroll your names. 

In this article, we have given planning to apply for PM Svanidhi Loan, eligibility Criteria, and required documents to apply for this scheme. So, applicants can follow the instructions which we listed below and apply Online.

PM Svanidhi lending institutions:

  • BCs- Banking Correspondents
  • NBFCs- Agents of Non-Banking Financial Companies
  • MFIs- Micro-Finance Institutions

PIB Official Tweet:

PIB Official Tweet about the PM Svanidhi app

Planning to apply for a Loan:

There are three simple steps to apply for Street Vendor Loan through the PM Svanidhi app as well as the PM Svanidhi web portal. 

1. First, Vendors should Understand the Loan application Recruitments.

2. Check your mobile number linked with the Aadhar Card. 

3. Make Sure to verify the Eligibility Status as per the scheme rules.

Planning to apply for loan

An Overview:

Name of the Scheme PM Svanidhi 
Mobile application NamePM Svanidhi app
App Launched byMinistry of Housing and Urban Affairs 
Aim of the AppTo provide the loans to Street Vendors
Eligible BeneficiariesStreet Vendors Only
Mobile app Launched on17th July 2020, Friday
Type of SchemeCentral Government scheme
Loan AmountUP to Rs.10000
Mode of applicationOnline
Online Apply Direct link
PM Svanidhi Portal launched onJune 29, 2020
PM Svanidhi scheme Introduced onJune 01, 2020
Scheme Online apply started on17-07-2020

Also Check: CLSS PM Awas Yojana

How to apply for PM Svanidhi Street Vendor Loan?

1st Step: First, vendors must go through the Svanidhi Official portal i.e.

2nd Step: Next, Beneficiaries must click on the Apply for Loan button.

Apply for loan

3rd Step: Enter your Valid Mobile number which is linked to the Aadhar and Enter the OTP.

Enter mobile number

4th Step: Click on Login as a Vendor/ ULB button and apply online for Steet Vendor Loan by providing the mandatory details.

Also Read: MP Street Vendor Registration for Rs.10000 Loan

Important Links:

Download Application Form Click Here
Scheme Complete noticeCheck Here
Survey StatusCheck Here
Apply For Loan OnlineClick Here

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