PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)

PM Street Vendor’s 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.