In 2025, the PM SVANidhi Yojana has again opened for online applications. This scheme is very helpful for small street vendors, cart sellers, vegetable sellers, tea stall owners, and people who earn daily by selling items on the roadside. The government wants to help these people grow their small business by giving small loans with very low interest.
The good thing is that now you can apply for this loan directly from your phone, sitting at home, without any agent or office visit. The full process is online, and anyone who is eligible can fill the form in a few minutes.
What is PM SVANidhi Yojana?
PM SVANidhi is a government loan scheme for street vendors. It gives small working-capital loans to help vendors buy stock, grow their business, or improve their stall. This loan does not need any big documents or guarantee.
Earlier the first loan was ₹10,000, but from 2025 update, the first loan is now ₹15,000.
Loan Amount in 3 Stages
The scheme gives loan in 3 levels:
1st Loan – ₹15,000
- For people applying for the first time
- Time to repay: 12 months
2nd Loan – ₹25,000
- You get this after you repay the first loan on time
- Time to repay: 18 months
3rd Loan – ₹50,000
- You get this after you repay the second loan on time
- Time to repay: 36 months
So if you maintain good repayment, you can take loan step-by-step up to ₹50,000.
Who Can Apply? (Eligibility)
This scheme is mainly for people who work as street vendors. You can apply if:
- You sell fruits, vegetables, tea, snacks, fast food, etc.
- You run a small roadside stall or cart
- You sell items by moving from place to place (hawkers/ferri walas)
- You have vending activity in market areas or on streets
- Your age is above 18
- You have Aadhaar linked with mobile number
Even if you do not have a shop, you can still apply. The scheme is made for very small vendors only.
Benefits of PM SVANidhi Loan
- No big documents needed
- Low interest loan
- No security or guarantee required
- Cashback benefit if you accept digital payment
- Credit score improves which helps in future bigger loans
- Next level loan automatically available after successful repayment
For many small vendors, this loan becomes a big help to increase daily earning.
Documents Needed for PM SVANidhi Loan
The document list is very small:
- Aadhaar Card
- Mobile number linked with Aadhaar
- Bank account details
- Voter ID (optional)
- Vendor ID / Local authority certificate (if available)
- Passport size photo
If you do not have vendor ID, you can still apply and give simple details of your work.
Latest Update of 2025
- First loan amount increased from ₹10,000 to ₹15,000
- Online application system improved
- Faster verification
- More cities covered under the scheme
- Digital payment cashback benefits continued
- Now you can complete full process from mobile only
How to Apply for PM SVANidhi Loan Online
The online application is very simple. Follow the steps in order:
Step 1: Open the Official Website
- Open any browser on your mobile
- Type PM SVANidhi
- Click on the first government link
You will reach the official portal.
Step 2: Click “Apply for Loan”
After the homepage opens, you will see the option Apply for Loan.
Click on it.
Three loan options will appear:
- First loan ₹15,000
- Second loan ₹25,000
- Third loan ₹50,000
Select Apply for ₹15,000 if you are a first-time applicant.
Step 3: Enter Mobile Number & Verify OTP
- Enter your mobile number
- Fill the captcha
- Click on Request OTP
- Enter the OTP received and verify
Step 4: Verify Aadhaar
You need to verify your Aadhaar card.
This is important because all future steps depend on Aadhaar verification.
Step 5: Fill Application Form
The form has four main parts:
1. Vendor Category
Choose what type of vendor you are—fixed place or moving seller.
2. Personal Information
- State
- District
- Ward number
- Gender
- Marital status
- Social category
- Family details
3. Business Details
- Type of activity (fruits, vegetables, tea stall, fast food, etc.)
- Business location
- Working days
- Daily timing
- Area pincode
4. Bank Details
- Bank name
- IFSC code
- Branch name
- Account number
- UPI ID (if any)
After filling everything, click Next.
Step 6: Upload Documents
Upload the required documents like Aadhaar and vendor proof (if you have it).
Step 7: Submit Application
After uploading, click Submit.
Your application goes for verification.
If all details are correct, your loan will be approved and amount will come to your bank.
Who Gets Loan Fast?
People who:
- Give correct details
- Use digital payments
- Have clean bank account history
- Already working daily as a vendor
These people usually get loan faster.
Final Words
PM SVANidhi Loan 2025 is a very helpful scheme for small vendors who want to grow their daily business. The online process is simple, and you can apply from your mobile in just 10–15 minutes. With good repayment, you can slowly reach higher loan amounts like ₹25,000 and ₹50,000.
If you are a street vendor and want financial support without heavy paperwork, this scheme can help you a lot.
