PM Svanidhi Loan Application Form 2025: Verify Eligibility, Advantages, And Status

Introduction 

PM Svanidhi Loan Application Form 2025 Launched in June 2020, the PM Street Vendor’s AtmaNirbhar Nidhi Scheme aims to give small traders, hawkers, and street vendors in India financial support. As a component of the AtmaNirbhar Bharat Abhiyan (Self-Reliant India Campaign), the initiative aims to empower street vendors and other informal workers economically.

The program was started in reaction to the financial difficulties that street vendors encountered, particularly during the COVID-19 pandemic. Lockdowns and limitations around the country caused many of these merchants to lose their source of revenue. The government launched the program to aid in their recovery and economic expansion, providing loans up to Rs. 50,000 at a 7% subsidized interest rate.

The loan is intended to be a short-term investment that can be utilized to boost or grow the vendor’s company. Digital transactions are also promoted, and merchants that use digital platforms to make payments are eligible for cashback rewards.

PM SVANidhi Loan Application Form 2025: Detailed Process

The PM SVANidhi Loan Application Form 2025 is the first step for vendors interested in availing the loan. To obtain the application form, you need to visit the official website of the PM SVANidhi scheme.

Here’s how to get started:

1. Visit the Official Website:
   Go to the official website of the PM SVANidhi Scheme at https://pmsvanidhi.mohua.gov.in.
2. Download the Application Form:
   Once on the website, look for the ‘Apply Online’ option. Click on it, and you will be redirected to the loan application page. Here, you can select the option to View/Download Form. This will open a PDF version of the application form.
3. Print the Application Form:
   If required, you can print the application form for offline submission. If you are submitting the form online, you can skip this step.
4. Fill in the Details:
   In the application form, you will need to provide various personal and business details, including your name, business address, Aadhar details, and bank account information.
5. Submit the Application:
   After filling out the form, upload the required documents and click on the ‘Submit’ button to complete the application process.

After submission, the verification process will begin, and if all details are in order, the loan amount will be directly credited to the applicant’s bank account.

PM Street Vendor’s AtmaNirbhar Nidhi 2025: Key Features

The PM SVANidhi Scheme offers multiple benefits to eligible applicants, with the primary focus being economic empowerment. Here’s a deeper look at the features of this scheme:

1. Loan Amount and Interest Rate

Under the PM SVANidhi scheme, street vendors can avail loans of up to Rs. 50,000 with a 7% interest rate, which is significantly lower than the interest rates offered by traditional financial institutions. This makes it easier for vendors to repay the loan without the burden of high-interest payments.

2. Repayment Duration

The loan under this scheme can be repaid over a one-year period or according to an installment plan agreed upon with the bank. Timely repayments can also increase the loan limit for the applicant in subsequent loan cycles.

3. Digital Payments and Cashback

Vendors who engage in digital transactions as part of their business activities are eligible for cashback rewards for every transaction amount under Rs. 25. This encourages vendors to embrace digital payments, which in turn helps integrate them into the formal economy.

4. Loan Providers

The loan can be obtained from a variety of financial institutions, including scheduled commercial banks, regional rural banks, small finance banks, cooperative banks, non-banking financial companies (NBFCs), and self-help groups (SHGs).

5. Direct Bank Transfer

Once your application is approved and verified, the loan amount is transferred directly to your bank account.

6. Credit Facility

For vendors who repay the loan on time, the loan limit can be increased for future loans, thus giving them greater flexibility to expand their businesses.

Eligibility Criteria for PM SVANidhi Scheme

Before applying for the loan, applicants must ensure they meet the eligibility criteria set by the government. The eligibility requirements include:

1. Indian Nationality: The applicant must be an Indian citizen.
2. Engaged in Street Vending: Applicants must be actively engaged in street vending or small-scale trading activities, such as hawking, selling food items, or operating on the streets.
3. No Existing Loans: Applicants should not have any active loans with any financial institution, as the scheme is designed for vendors who do not have access to traditional banking services.
4. Income Limit: The applicant’s annual income must not exceed Rs. 1.5 lakh.

Documents Required for PM SVANidhi Loan Application

Applicants must provide the following documents during the application process:

1. Aadhar Card: Proof of identity.
2. Domicile Certificate: To prove residency in a specific state or region.
3. Caste Certificate (if applicable): For SC/ST/OBC applicants.
4. Bank Account Details: Passbook details, and if applicable, PAN Card.
5. Passport Size Photo: Recent photograph.
6. Signature or Thumb Print: For verification.
7. Ration Card: For eligibility under certain welfare schemes (if applicable).
8. Mobile Number: To receive OTPs and application updates.

Steps to Apply for PM Street Vendor’s AtmaNirbhar Nidhi Scheme

To apply for the PM SVANidhi Loan, follow these steps:

1. Visit the Official Website: Go to the website https://pmsvanidhi.mohua.gov.in.
2. Click ‘Apply for Loan’: This will open the application form.
3. Fill in Personal and Business Details: Enter accurate details about yourself and your business.
4. Upload Required Documents: Upload the scanned copies of documents such as Aadhar Card, bank passbook, and photo.
5. Submit the Application: After filling out the form and uploading the documents, click on Submit.
6. Verification Process: The application will undergo verification, and once verified, the loan will be transferred directly to your bank account.

Check PM SVANidhi Scheme Application Status

Once you have applied for the PM SVANidhi Scheme, you can track your application status. Follow these steps to check your application status:

1. Visit the Official Website: Go to https://pmsvanidhi.mohua.gov.in.
2. Click on ‘Know Your Application Status’: This option will allow you to enter your application number, mobile number, and OTP.
3. Search for Application Status: After entering the details, click on Search, and your application status will appear on the screen.

Conclusion

A much-needed program to give street vendors and small traders in India financial support and relief is the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) project. The government is assisting vendors in overcoming financial difficulties, growing their enterprises, and reintegrating into the official economy by providing fast loans with reasonable interest rates.

Applications for the PM SVANidhi Loan are simple for vendors that fulfill the eligibility requirements and submit the necessary paperwork. The loan can help vendors access a more structured financial system, encourage digital payments, and greatly enhance their financial condition.

The PM SVANidhi Scheme offers street vendors all over India a great chance to grow their enterprises and achieve self-sufficiency with simple application processes and speedy loan acceptance.