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MSME > PM Street Vendorís AtmaNirbhar Nidhi (PM SVANidhi)

PM Street Vendorís AtmaNirbhar Nidhi (PM SVANidhi)



Government of India (GoI) on 14.05.2020 announced PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme for providing affordable loans to street vendors.  The Scheme is available to all street vendors engaged in vending in Urban areas as on or before March 24, 2020.
The details are as mentioned in the table below:


Sr. No

Field

Content

1

Eligible Segments 

The Scheme is available to all street vendors engaged in vending in Urban areas as on or before March 24, 2020.

2

Facility

Term Loan

3

Purpose

To facilitate working capital loan up to Rs.10,000

4

Loan Amount

Maximum Rs.10000/- per borrower

5

Tenor / Validity

To be repaid in 12 Equated Monthly Installments.

6

Pricing

Linked  to banks Repo Linked Lending Rate (RLLR) and Rating

7

Security

NIL

8

Margin

NIL

9

Guarantee

To be covered under CGTMSE on portfolio basis.



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