Eligibility
Who Can Apply
- Street vendors in urban areas with vending certificate
- Vendors identified in ULB survey
- Vendors who lost livelihoods due to COVID-19
- Vegetable, fruit, food vendors, cobblers, laundry workers
Who Cannot Apply
- Vendors in rural areas
- Non-urban vendors
- Persons without vending certificate or survey identification
Benefits
- Initial loan up to ₹10,000 without collateral
- Enhanced loan up to ₹20,000 on timely repayment
- Further loan up to ₹50,000 for repeat borrowers
- 7% interest subsidy
- Digital transaction incentive
Documents Required
- Aadhaar Card
- Vending Certificate or Letter of Recommendation from ULB
- Bank passbook
- Mobile number (for digital transactions)
How to Apply
Online
- Visit pmsvanidhi.mohua.gov.in
- Click 'Apply Loan 10K/20K/50K'
- Enter Aadhaar and mobile number
- Select lending institution and submit
Offline / CSC
- Visit Urban Local Body (ULB/Municipal Corporation)
- Get vending certificate or survey proof
- Apply at any scheduled commercial bank, MFI, or NBFC
- Repay on time to access higher loan amounts
Frequently Asked Questions
No. The loan is completely collateral-free.