Good news for lakhs of street vendors across India! The PM SVANidhi (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) scheme is expected to restart in 2025, offering much-needed financial support to small vendors and hawkers to revive and sustain their livelihood.
In this blog post, we’ll explore everything you need to know about the PM Svanidhi Scheme restart in 2025, including expected start date, eligibility, loan benefits, and how to apply.
What is PM Svanidhi Scheme?
Launched in June 2020 during the COVID-19 pandemic, PM SVANidhi is a micro-credit scheme initiated by the Ministry of Housing and Urban Affairs (MoHUA). It provides collateral-free working capital loans to street vendors to help them resume their businesses.
The scheme has been a game-changer for over 50 lakh vendors across the country.
PM Svanidhi Restart 2025 – Expected Date
As of now, official announcements regarding the exact restart date for 2025 are awaited. However, based on recent trends and government interest in promoting micro-enterprises, it is likely to resume around August–September 2025.
Tip: Stay connected to official portals like pmsvanidhi.mohua.gov.in and local municipal bodies for real-time updates.
Eligibility Criteria for PM Svanidhi 2025
To be eligible under the 2025 cycle, a street vendor must:
- Be engaged in vending in urban areas as of or before March 24, 2020
- Possess a valid Vendor ID card or a letter of recommendation from ULBs
- Be at least 18 years of age
- Not be a defaulter in any bank loan
- Be willing to repay loans on time to avail subsequent tranches
PM Svanidhi Loan Benefits
Here’s what vendors can expect under the PM SVANidhi 2025 scheme:
| Loan Cycle | Loan Amount | Interest Subsidy | Repayment Period |
|---|---|---|---|
| 1st Loan | ₹10,000 | 7% | 12 months |
| 2nd Loan | ₹20,000 | 7% | 18 months |
| 3rd Loan | ₹50,000 | 7% | 24 months |
Additional Benefits:
- Cashback up to ₹1,200/year on digital transactions
- No collateral or guarantee required
- Timely repayment gives access to higher loans
- Encouragement for digital adoption through QR codes
How to Apply for PM Svanidhi Scheme 2025?
Online Application Steps:
- Visit the official portal: https://pmsvanidhi.mohua.gov.in
- Click on “Apply for Loan”
- Enter your mobile number and vendor details
- Upload required documents (Aadhaar, Vendor ID, bank passbook)
- Submit and track your loan status online
You can also apply via:
- Common Service Centres (CSCs)
- Participating banks (SBI, BoB, HDFC, etc.)
- Urban Local Bodies (ULBs)
Documents Required
- Aadhaar Card
- Voter ID / PAN Card
- Bank account details
- Street Vendor Certificate / Letter of Recommendation
- Recent passport-sized photograph
- Mobile number linked with Aadhaar
Why PM Svanidhi Matters in 2025?
With rising inflation and post-pandemic recovery still ongoing, micro-businesses need continued government support. PM Svanidhi helps:
- Ensure self-reliance for urban poor
- Boost local economies
- Promote digital transactions
- Improve financial inclusion
Final WordsThe
PM Svanidhi Scheme Restart 2025 is expected to bring renewed hope and financial stability for millions of street vendors. If you or someone you know runs a small street-based business, don’t miss out on this opportunity!
- Start collecting your documents
- Stay tuned for the official restart announcement
- Apply early to avoid delays
Have Questions or Need Help Applying?
Visit your nearest Cyber Cafe, CSC center, or call the official helpline. You can also drop your questions in the comments section below, and we’ll try to guide you.
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