PM SVANIDHI: eligibility and documents

> Working Capital Loan:

- 1st Tranche: Loan up to ₹15,000/-; repayment within 12 months. - 2nd Tranche: Loan up to ₹25,000/-; repayment within 18 months. - 3rd Tranche: Loan up to ₹50,000/-; repayment within 36 months. - Next tranche available on timely or early repayment.

- No prepayment penalty on early repayment.

> Interest Subsidy:

- Subsidy at 7% per annum on loan amount.

- Credited quarterly to beneficiary’s bank account.

- Applicable only for standard (non-NPA) accounts.

- Valid up to 31st March 2033.

> Digital Transaction Cashback:

- Cashback up to ₹100/- per month for digital transactions.

> Credit Guarantee Support:

- 31.87% guarantee cover for 1st tranche loan.

- 8.25% guarantee cover for 2nd tranche loan.

- 6% guarantee cover for 3rd tranche loan.

- No charges for lending institutions.

> UPI Linked RuPay Credit Card:

- Initial credit limit of ₹10,000/-; extendable up to ₹30,000/-.

- Validity of 5 years.

- Available after successful repayment of 2nd tranche loan.

- Street vendors in possession of Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs).

- The vendors, who have been identified in the survey but have not been issued Certificate of Vending / Identity Card.

- Street Vendors left out of the ULB-led identification survey or who have started vending after completion of the survey and have been issued a Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC).

- The vendors of surrounding development/ peri-urban/rural areas vending in the geographical limits of the ULBs, who have been issued a Letter of Recommendation (LoR) to that effect by the ULB / TVC.

Step 1: Visit https://pmsvanidhi.mohua.gov.in/ and click on the "Log In" button on the homepage.

Step 2: Enter Mobile number and captcha. Click request OTP.

Step 3: After successful login, select valid "vendor category" among the available options. Enter "Survey Reference Number" (SRN) which is mandatory.

Step 4: On entering these basic details, fill the application form online, upload the relevant documents and submit.

Note:

- For any kind of clarification and access detailed stepwise process, refer User Manual.- For any query one can call on the toll free number i.e 1800111979 between 9.30 AM to 6.00 PM on Monday to Saturday except national holidays.

- Contact Details: Click here.

Step 1: Understand the information documents required to fill out the Loan application form (LAF) for the Scheme.

Step 2: Keep all the information ready before you start the application process.

Step 3: Ensure the mobile phone is linked to the Aadhaar number.

Step 4: This will be required for e-KYC/Aadhaar validation during online application process.

Step 5: It will also help you to get a letter of Recommendation from ULB (in case required).

Step 6: It will also help you avail future benefits under Government welfare schemes.

Step 7: Check your eligibility status as per the scheme Rules.

Step 8: One will fall in one of the 4 categories of Street vendors.

Step 9: Check your status and the documents/ information that you need to keep ready.