PM SVANidhi Scheme 2025

The PM SVANidhi Scheme (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) is a flagship government scheme launched in June 2020. It provides collateral-free loans to street vendors, hawkers, and small shopkeepers affected by the COVID-19 pandemic.

Alongside such initiatives, platforms like Maitri 2.0 Agritech are helping vendors and small businesses adopt technology for growth, thereby complementing government efforts.

Overview of PM SVANidhi Scheme and Maitri 2.0 Agritech

The PM SVANidhi Scheme for street vendors in India is managed by the Ministry of Housing and Urban Affairs (MoHUA). It provides financial assistance without collateral and encourages digital adoption. Similarly, Maitri 2.0 Agritech assists vendors and small entrepreneurs by integrating technology, analytics, and market linkages to improve business outcomes.

Loan Structure under PM SVANidhi Scheme:

By leveraging Maitri 2.0 Agritech, vendors can also track sales, manage inventory, and connect with buyers, which enhances the benefits provided under the PM SVANidhi loan scheme.

Eligibility Criteria for PM SVANidhi and Maitri 2.0 Agritech Users

To avail benefits from the PM SVANidhi Scheme and integrate solutions like Maitri 2.0 Agritech, applicants must meet the following criteria:

• Must be a street vendor or hawker in urban or peri-urban areas.

• Possess a Certificate of Vending or Identity Card issued by Urban Local Bodies (ULBs).

• Vendors without documents can use a Letter of Recommendation (LoR) from ULBs.

• Minimum age: 18 years.

Platforms such as Maitri 2.0 Agritech also support vendors in meeting documentation requirements, helping them apply successfully for loans and digital programs.

Benefits of PM SVANidhi Scheme with Maitri 2.0 Agritech

The PM SVANidhi benefits for vendors are significant, especially when combined with tools like Maitri 2.0 Agritech:

• Collateral-free loans up to ₹50,000 in three stages.

• Lower interest rates than informal borrowing.

• Cashback rewards for using digital payments.

• Helps build credit history for future loans.

• Integration with government welfare schemes like PMJJBY and PMSBY.

• Digital solutions via Maitri 2.0 Agritech for tracking sales, payments, and business growth.

By combining PM SVANidhi Scheme and Maitri 2.0 Agritech, vendors can maximize their financial and operational efficiency.

How to Apply for PM SVANidhi with Maitri 2.0 Agritech

Here’s a step by step guide to apply for PM SVANidhi loan online:

1. Visit the PM SVANidhi online application portal: pmsvanidhi.mohua.gov.in

2. Click “Apply for Loan”.

3. Enter your Aadhaar-linked mobile number.

4. Fill in personal, business, and bank details.

5. Upload Aadhaar, Voter ID, and Certificate of Vending/LoR.

6. Submit and track your application online.

Vendors can also integrate Maitri 2.0 Agritech during the application process to streamline documentation and digital transactions, making the process smoother and faster.

Latest Updates and Highlights

• Cashback and benefits under PM SVANidhi Scheme have been expanded for digital payments via UPI/QR codes.

• Loan upgrading is simplified; second and third loans are easier after timely repayment.

• Faster loan disbursal is ensured through Aadhaar-linked bank accounts.

• Vendors using Maitri 2.0 Agritech gain access to digital analytics and business insights.

• The PM SVANidhi Scheme with insurance and digital payment benefits, combined with Maitri 2.0 Agritech, provides financial and social security for vendors.

Importance for SSC Aspirants

For SSC exam preparation, understanding current affairs like the PM SVANidhi Scheme is crucial.

Questions may cover:

• Eligibility criteria and loan amounts

• Digital payment initiatives

• Integration of technology platforms like Maitri 2.0 Agritech

Being aware of how government schemes integrate with digital and agritech solutions enhances general knowledge and reasoning skills.

Final Thoughts

The PM SVANidhi Scheme (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) is a government initiative launched in June 2020 to support street vendors, hawkers, and small shopkeepers. It provides collateral-free loans up to ₹50,000 in three stages, helping vendors restart and grow their businesses after the pandemic.

The scheme encourages digital payments by offering cashback rewards when vendors use UPI or QR codes. Applicants must have a Certificate of Vending or Identity Card issued by Urban Local Bodies, or a Letter of Recommendation (LoR) if documents are missing, and must be at least 18 years old.

With the PM SVANidhi Scheme, vendors gain access to low-interest loans, build a credit history, and can also link to insurance schemes like PMJJBY and PMSBY for added security. Platforms like Maitri 2.0 Agritech complement this scheme by providing digital tools to track sales, manage payments, and grow small businesses efficiently.