The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched by the Ministry of Housing and Urban Affairs on June 01, 2020 for providing affordable Working Capital loan to street vendors to resume their livelihoodsthat have been adversely affected due to Covid-19 lockdown.
The duration of the scheme is until March 2022.
This scheme targets to benefit over 50 lakh Street Vendors.
A vendor, according to the scheme guidelines is any person engaged in vending of articles, goods, wares, food items or merchandise of daily use or offering services to the public in a street, footpath, pavement etc., from a temporary built up structure or by moving from place to place. The goods supplied by them include vegetables, fruits, ready-to-eat street food, tea, pakodas, breads, eggs, textile, apparel, artisan products, books/ stationary etc. and the services include barber shops, cobblers, pan shops, laundry services etc.
To avail the loan, a vendor should
Possess Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs);
The vendors, who have been identified in the survey of street vendors but have not been issued Certificate of Vending / Identity Card;
In case a vendor is left out of the survey, he/she need to produce one of the following documents to obtain the Letter of Recommendation (LoR) from Urban Local Bodies /TVC:
Documents of past loan taken from a bank/ NBFC/ MFI for the purpose of vending; or
Membership details, If member of street vendors’ association like NASVI, NHF, SEWA etc.; or
Any other documents to prove that s/he is a vendor;
The vendor can also request ULB through a simple application on white paper to conduct local enquiry to ascertain the genuineness of his/her claim for receipt of LoR.