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Business, & agriculture finance

SVANidhi (Street Vendor Working Capital)

Three collateral-free working-capital tranches up to ₹50,000 for eligible street vendors, with interest subsidy and a later -linked RuPay credit-card facility.

TranchesFirst tranche up to ₹15,000 for 12 months; second up to ₹25,000 for 18 months; third up to ₹50,000 for 36 months. Each later tranche follows full repayment of the preceding tranche.Interest rateRLLR + 1.45% + BSS 0.50%; using current RLLR 8.05%, arithmetic is 10.00% p.a. The page's 10.25% example uses an older 8.30% RLLR.Eligible vendorsStreet vendors operating in ULBs, census towns and peri-urban areas, identified by a valid ULB/TVC CoV, ID card or portal-issued LoR approved by the BDO.
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Quick eligibility check

SVANidhi (Street Vendor Working Capital)

0 of 7 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: unique UPI ID?

Published source: Required documents

2Do you meet this requirement: DPN and undertaking?

Published source: Required documents

3Do you meet this requirement: preceding tranche must be fully repaid?

4Document checkDo you have this required document or proof: Certificate/ID/portal Letter of Recommendation?

Published source: Required documents

5Document checkDo you have this required document or proof: Aadhaar?

Published source: Required documents

6Document checkDo you have this required document or proof: Voter ID for Assam/Meghalaya applicants without Aadhaar?

Published source: Required documents

7Document checkDo you have at least one of these required documents: Savings passbook or bank statement?

Published source: Required documents
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India; ULBs, census towns and peri-urban areas

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Eligible vendorsStreet vendors operating in ULBs, census towns and peri-urban areas, identified by a valid ULB/TVC CoV, ID card or portal-issued LoR approved by the BDO.View source
Complete eligibility and identity rules reviewed.
Source
Restructured SVANidhi Scheme
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TranchesFirst tranche up to ₹15,000 for 12 months; second up to ₹25,000 for 18 months; third up to ₹50,000 for 36 months. Each later tranche follows full repayment of the preceding tranche.View source
The page's third-tranche amount is ₹50,000 in the main tranche table; the later subsidy table contains a conflicting 'Rs. 5000.00' entry, retained in the table bundle.
Source
Restructured SVANidhi Scheme
Page / section
Quantum and tenure table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateRLLR + 1.45% + BSS 0.50%; using current RLLR 8.05%, arithmetic is 10.00% p.a. The page's 10.25% example uses an older 8.30% RLLR.View source
Formula recalculated against current ; stale page example disclosed.
Source
SVANidhi and current notice
Page / section
Rate row; page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest subsidy7% p.a., credited quarterly for standard/non-NPA accounts with timely repayment; women SHGs receive an additional 3% subvention. Loans disbursed through 31 March 2030 qualify, with claims through 31 March 2033.View source
All subsidy conditions and dates reviewed.
Source
Restructured SVANidhi Scheme
Page / section
Interest subsidy
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
CollateralNo collateral; goods/assets financed are hypothecated.View source
Security rows reviewed.
Source
Restructured SVANidhi Scheme
Page / section
Security and collateral
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeNil.View source
Published processing-fee row reviewed.
Source
Restructured SVANidhi Scheme
Page / section
Processing Fee
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
PrepaymentNil; prepayment is allowed without penalty or cost.View source
Both the third-tranche note and fee row reviewed.
Source
Restructured SVANidhi Scheme
Page / section
Tranche table; Prepayment Charges
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsCoV/ID card/portal LoR; Aadhaar; voter ID for Assam and Meghalaya applicants without Aadhaar; savings passbook or bank statement; unique UPI ID; DPN and undertaking.View source
Complete published document list reviewed.
Source
Restructured SVANidhi Scheme
Page / section
Documents required; loan documentation
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsIndia; ULBs, census towns and peri-urban areasView source
The manually reviewed product record states: “India; ULBs, census towns and peri-urban areas”.
Source
SVANidhi (Street Vendor Working Capital) — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Three staged working-capital tranches
  • 7% quarterly interest subsidy for standard accounts
  • -linked RuPay card after tranche 2 repayment
  • No collateral, processing or prepayment charge
  • Digital-adoption and social-security linkages

Eligibility

  • Adult street vendor with a valid ULB/TVC certificate or identity card, or a portal-issued letter of recommendation approved by the Block Development Officer for census-town or peri-urban vending; preceding tranche must be fully repaid.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Certificate//portal Letter of Recommendation
  • Aadhaar
  • Voter for Assam/Meghalaya applicants without Aadhaar
  • Savings passbook or bank statement
  • Valid unique linked to the bank account
  • DPN and undertaking

Related official documents

MCLR and RLLR effective 25.07.2026official-pdf · current · accessed 31 Aug 2026
↗
Restructured PM SVANidhi Schemeofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹20,989twenty thousand nine hundred eighty-nine rupees
Interest paid over the full loan₹25,37,327twenty-five lakh thirty-seven thousand three hundred twenty-seven rupees
Everything you repay₹50,37,327fifty lakh thirty-seven thousand three hundred twenty-seven rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

1st · Loan amountUp to ₹15,000

This value is copied from SVANidhi tranches. Check the table notes before relying on it.

Source: Restructured SVANidhi Scheme · Quantum and tenure table; RuPay card note Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 4 columnsPM SVANidhi tranchesView tableHide table

Scroll sideways to view every column

PM SVANidhi tranches
TrancheLoan amountTenureCondition
1stUp to ₹15,00012 monthsInitial tranche
2ndUp to ₹25,00018 monthsAfter full repayment of first
3rdUp to ₹50,00036 monthsAfter full repayment of second; prepayment without penalty
-linked RuPay cardInitially ₹10,000, gradually to ₹30,000Valid 5 yearsFor tranche-2 repayers eligible for tranche 3; product details to follow
Restructured SVANidhi Scheme · Quantum and tenure table; RuPay card note · accessed 31 Aug 2026Open official source ↗
Table 2 · 3 rows · 3 columnsPM SVANidhi subsidy table as publishedView tableHide table

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PM SVANidhi subsidy table as published
Loan termLoan amountMaximum eligible subsidy
1st tranche₹15,000₹603
2nd tranche₹25,000₹1,408
3rd tranche₹5,000 (page text; conflicts with main table's ₹50,000)₹5,579
Restructured SVANidhi Scheme · Interest subsidy table · accessed 31 Aug 2026Open official source ↗
Table 3 · 14 rows · 2 columnsPM SVANidhi security, subsidy and documentationView tableHide table

Scroll sideways to view every column

PM SVANidhi security, subsidy and documentation
ParameterPublished detail
Rate + 1.45% + BSS 0.50%; page example 10.25% using old
Interest subsidy7% p.a. quarterly for standard/timely repayment; additional 3% for timely women
MoratoriumNone
MarginNil
SecurityHypothecation of goods/assets financed
CollateralNo collateral
Credit scoreNot applicable; denial only for or written-off existing loan
Udyam/project proposalNot required
ValidityLending through 31 March 2030; loan-liability support through 31 March 2033; credit-card guarantee claims through 31 March 2035
Guarantee31.87% first tranche; 8.25% second; 6% third
InsuranceNil for first and second; third not mandatory, branch may explore
DocumentationDPN and undertaking for all; optional one-time third-tranche stock/use declaration
Processing/prepaymentNil / Nil
Other chargesAs per extant guidelines
Restructured SVANidhi Scheme · Complete 28-row table · accessed 31 Aug 2026Open official source ↗

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