PM Svanidhi Yojana 2025: The Central Government has launched several schemes to support small businesses and street vendors. One of the most popular initiatives is PM Svanidhi Yojana 2025, which provides financial assistance to poor and small vendors. Under this scheme, eligible street vendors can get a loan without any guarantee and expand their small businesses.
This scheme is managed by the Ministry of Housing and Urban Affairs and was first introduced in 2020. It aims to make street vendors self-reliant and help them recover from financial struggles, especially after the COVID-19 pandemic.
What is PM Svanidhi Yojana 2025 ?
PM Svanidhi Yojana provides collateral-free loans to small shopkeepers, hawkers, and vendors in urban areas. The government offers loans at a 7% annual interest rate. Recently, the loan limit has been increased to ₹90,000, while earlier it was only ₹80,000.
Along with this, beneficiaries also get ₹1,200 cashback per year for making digital payments.
Loan Structure
The loan is provided in different stages:
- First loan: ₹15,000
- After repayment: ₹25,000
- Next stage: ₹50,000
- Maximum limit: ₹90,000
The best part is that no property or asset is required as security. Vendors only need their Aadhaar card and other basic documents to apply.
Eligibility Criteria
To apply for PM Svanidhi Yojana, the applicant must:
- Be a small vendor or hawker in town or city.
- Sell items like fruits, vegetables, clothes, tea, etc.
- Be running a small business before 2020.
- Be registered with the local municipal body.
Required Documents
- Aadhaar Card
- Address Proof
- Ration Card
- Income Certificate
- Bank Account Details
- Passport-size Photo
- Active Mobile Number
How to Apply for PM Svanidhi Yojana 2025 ?
- Visit your nearest bank branch.
- Collect the PM Svanidhi loan application form.
- Fill in all details carefully and attach required documents.
- Submit the form to the bank officer.
- Once verified, the loan will be credited to your bank account.
Conclusion
The PM Svanidhi Yojana 2025 is a golden opportunity for small vendors and shopkeepers to expand their business without worrying about collateral. With low interest, cashback benefi