Pradhan Mantri SVANidhi Yojana 2025: Get ₹80,000 Loan Without Guarantee for Street Vendors

In a major push to support street vendors across the country, the government has rolled out the Pradhan Mantri SVANidhi Yojana 2025, offering collateral-free loans of up to ₹80,000 in three progressive installments. Aimed at helping small vendors restart or expand their businesses, the scheme ensures minimal paperwork and maximum support. Beneficiaries can access the loan in three phases—₹10,000, ₹20,000, and ₹50,000—based on timely repayment and business growth.

Loan Benefits and Payment Plan of PM SVANidhi Yojana

This scheme provides loans up to ₹80,000 with a phased payment system to make sure street vendors can get funds without too much financial pressure. The step-up method gives your business a chance to grow by offering loans in three parts after successful repayments.

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Step-by-Step Loan Payment to Boost Business Growth

The loan plan is:

• First Phase: An initial loan of ₹10,000 to start your business.
• Second Phase: After paying back the first loan on time, you can get ₹20,000.
• Third Phase: Paying back the second loan successfully will get you a ₹50,000 lump sum, completing the total ₹80,000.

This step-by-step support encourages responsible borrowing while giving your business the push it needs to grow steadily.

Loan Repayment Terms and Required Documents

To keep payments easy, you have a whole year to pay back the loan. EMI options let you pay comfortably each month, fitting your income. The only document needed is your Aadhaar card, which makes applying fast and simple.

How to Get the PM SVANidhi Loan: Application Process

Applying for the loan is simple:

• Go to your nearest Government Bank to submit your loan application.
• Your details will be checked by the Urban Local Bodies (ULB) to confirm your eligibility and accuracy.
• After verification, ULB sends a recommendation to the lending bank.
• The bank then processes your application and sends the loan directly to your bank account.

This smooth process makes sure that deserving street vendors get funds quickly and easily.

Interest Subsidy Benefits for Loan Borrowers

To reduce the financial burden, an interest subsidy is given on the loan. This lowers the interest you pay, making repayments easier and more helpful. It encourages you to pay on time and helps build a good credit history for future needs.

This government scheme puts the power of growth in your hands, letting you build your business with financial confidence and safety. So if you are a street vendor looking for support, think about applying through the official PM SVANidhi portal today and take the first step toward a better livelihood.