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.