How to Avail the PM SVANidhi Scheme and Boost Your Business with Pahia
- apppahia
- May 10
- 4 min read
Street vendors are the lifeline of local economies, providing essential services and unique products to communities across India. Yet, many vendors struggle to access financial support and maintain a steady customer base. The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme addresses these challenges by offering affordable working capital loans to street vendors.
But availing the loan is just the first step. To truly maximize the benefits, street vendors can leverage Pahia — a platform designed to connect them with more customers and increase visibility. Let’s explore how.
What is the PM SVANidhi Scheme?
Launched by the Ministry of Housing and Urban Affairs (MoHUA), the PM SVANidhi scheme provides collateral-free loans to street vendors to help them restart or expand their businesses. Here’s how it works:
1st Loan: Up to ₹10,000, repayable in 12 months.
2nd Loan: Up to ₹20,000, repayable in 18 months.
3rd Loan: Up to ₹50,000, repayable in 36 months.
Interest Subsidy: 7% annually.
Cashback on Digital Transactions: Up to ₹1,200 annually.
Eligibility Criteria for PM SVANidhi
You can apply for the PM SVANidhi loan if you meet the following criteria:
A street vendor operating in urban or peri-urban areas on or before March 24, 2020.
In possession of a Certificate of Vending (CoV) or an Identity Card issued by Urban Local Bodies (ULBs).
Listed in the ULB-led identification survey or holding a Letter of Recommendation (LoR).
A vendor from rural areas vending within ULB limits with a valid LoR.
Documents Required
Ensure you have these documents ready before applying for the loan:
Proof of Vending: CoV, ID card, or LoR.
KYC Documents: Aadhaar Card (mandatory), Voter ID, Driving License, MNREGA Card, or PAN Card.
Bank Account Details for loan disbursement.
How to Apply for the PM SVANidhi Loan
1. Online Application
Visit the Portal: Go to pmsvanidhi.mohua.gov.in.
Verify Mobile Number: Enter your Aadhaar-linked mobile number and verify via OTP.
Provide Vending Details: Select your vendor category and upload required documents.
Submit the Application: Once verified, you will receive a reference number to track your application.
2. Offline Application
Visit any of the following centers for assistance:
Common Service Centres (CSC)
Micro Finance Institutions (MFI) Agents
Urban Local Body (ULB) Offices
Banking Correspondents (BCs)
The staff will help you complete the application and upload documents on your behalf.
How Pahia Can Help Street Vendors After Availing PM SVANidhi
Securing the PM SVANidhi loan is a significant step, but what’s next? Here’s how Pahia can help vendors make the most of their loan and attract more customers:
Enhanced Visibility:
With Pahia, vendors can showcase their business to a larger audience. Customers can easily search for vendors based on category, menu, and location.
Real-Time Location Updates:
Vendors can update their location in real-time, allowing regular customers to locate them quickly, especially if they move frequently.
Customer Engagement:
Pahia enables vendors to receive direct calls from customers, increasing chances of orders and requests.
Building Loyalty:
Vendors can encourage customers to “like” their profile, ensuring they appear in the “Popular Vendor” list, increasing their reach.
Maximizing the Loan with Pahia
Street vendors can use the PM SVANidhi loan to:
Upgrade Equipment: Purchase carts, utensils, or other essentials to improve service quality.
Expand Inventory: Stock more products to cater to customer demands and increase sales.
Go Digital: Invest in a basic smartphone to manage orders and update their Pahia profile effectively.
Advertise on Pahia: Promote special offers, combos, or seasonal products to attract more customers.
Support & Assistance
Toll-Free Helpline: 1800 11 1979 (Monday to Saturday, 9:30 AM to 6:00 PM)
Email Support:
Why Pahia is the Perfect Partner for PM SVANidhi Beneficiaries
While the PM SVANidhi loan helps vendors financially, Pahia provides the digital platform they need to reach more customers and sustain their business. By combining financial support with increased visibility and customer interaction, street vendors can truly thrive.
Ready to take your street vending business to the next level? Apply for the PM SVANidhi loan today and join Pahia to connect with more customers and boost your sales!
Keywords: Street Vendors Selling Accessories Nearby/Near Me | Street Vendors Selling Artificial Jewellery Nearby/Near Me | Street Vendors Selling Bag Nearby/Near Me | Barber/Street Vendors Selling Hair Cut Services Nearby/Near Me | Street Vendors Selling Book Nearby/Near Me | Street Vendors Selling Cloth/Garment Nearby/Near Me | Street Vendors Selling Cobbler/Shoe Repair Nearby/Near Me | Street Vendors Selling Cold Drink Nearby/Near Me | Street Vendors Selling Cosmetic Nearby/Near Me | Street Vendors Selling Crockery/Utensil Nearby/Near Me | Street Vendors Selling Dairy Product Nearby/Near Me | Delivery Agent/Street Vendors Selling Delivery Services Nearby/Near Me | Dhobi/Street Vendors Selling Laundry Services Nearby/Near Me | Street Vendors Selling Dry Fruit Nearby/Near Me | Street Vendors Selling Fast Food Nearby/Near Me | Street Vendors Selling Flower Nearby/Near Me | Street Vendors Selling Food/Thali Nearby/Near Me | Street Vendors Selling Fruit Nearby/Near Me | Street Vendors Selling Handicraft Items Nearby/Near Me | Street Vendors Selling Ice Cream Nearby/Near Me | Street Vendors Selling Juice Nearby/Near Me | Street Labour/Street Vendors Selling Labour Services Nearby/Near Me | Street Mechanic/Street Vendors Selling Mechanic Services Nearby/Near Me | Mehndiwala/Street Vendors Selling Mehndi Services Nearby/Near Me | Street Vendors Selling Nariyal Pani Nearby/Near Me | Other Street Vendors Nearby/Near Me | Panwadi/Street Vendors Selling Pan Nearby/Near Me | Street Vendors Selling Plastic Item Nearby/Near Me | Street Vendors Selling Poster/Painting Nearby/Near Me | Street Vendors Selling Raw Food Nearby/Near Me | Street Vendors Selling Scrap/Kabadi Wala Nearby/Near Me | Street Vendors Selling Shoe Nearby/Near Me | Street Vendors Selling Snack Nearby/Near Me | Street Vendors Selling Soup Nearby/Near Me | Street Vendors Selling Street Artist Services Nearby/Near Me | Street Vendors Selling Tailor Services Nearby/Near Me | Street Vendors Selling Tea/Chai Nearby/Near Me | Street Vendors Selling Toy Nearby/Near Me | Street Vendors Selling Vegetable Nearby/Near Me
Comments