PM Svanidhi Yojana 2023

PM Svanidhi Yojana : In this scheme, all the small and big businessmen of the country are given a loan of up to fifty thousand by the government. The street vendors who sell fruits, vegetables or set up small shops along rural and urban roads in the country will get 50,000 under this self-financing scheme. can get a loan of Rs.50,000, this loan taken by the government for street vendors has to be repaid in installments within one year.

PM Svanidhi Yojana 2023


PM Svanidhi Yojana 2023 – Highlights

Name of the schemePM Svanidhi Yojana 2023
Assistance up toRs.50,000/- Government loan for business employment
StateAll states of India
Aim of the schemeThe aim is to get loans to small entrepreneurs and they can get employment
Mode of ApplicationOnline

Apply for PM Svanidhi Letter of Recommendation

The Scheme Street vendors who do not have any identity card or certificate to prove their status as vendors can now apply online for a “Letter of Recommendation” which will help them get a loan under the PM Svanidhi Yojana 2023.

The main objective of PM Svanidhi Yojana

This scheme was launched by our Prime Minister Shri Narendra Modi in the year 2020. At that time, the country was under lockdown and people were sitting in their homes. After the completion of the lockdown, people’s businesses and employments were all broken.

That is why through this scheme the entrepreneur is given some amount from the government so that he can get employment by restarting his business and business. Due to this main objective, this scheme was launched by the central government.

Benefits of PM Svanidhi Yojana 2023

  • Under PM Svanidhi Yojana, more than 60 lakh beneficiaries of the country will be given the benefit of this scheme.
  • People who want to benefit from this scheme are given a business loan with a minimum loan of Rs.10 thousand and a maximum loan of Rs.50 thousand.
  • Biggest advantage of this scheme is that if the beneficiary is unable to pay the scheme amount due to any reason or is disabled then they are not penalized or penalized.
  • If you keep paying the loan repayment installments on time every month, you are given a subsidy of 7% to 9% of the loan amount.


  1. Barber shops
  2. shoe knot (cobbler)
  3. Pan Shops
  4. Laundry shops
  5. Vegetable seller
  6. fruit seller
  7. Ready to eat street food
  8. A tea shop
  9. Bread, dumpling and egg sellers
  10. Fairies who sell clothes
  11. Book/Stationery Installer
  12. Artisan products


  • Aadhaar card of the applicant
  • Election card of the applicant
  • Proof/documentation of applicant’s residence
  • Driving license of the applicant
  • PAN card of the applicant
  • If the applicant belongs to BPL then he/she has to provide the copy of BPL.
  • Copy of passbook of applicant’s bank account
  • 2 passport size photographs of the applicant
  • Applicant’s mobile no
  • Applicant’s Email ID (if any)

What is the application process ?

  • First of all, you have to go to the official website of this scheme, click to go to the scheme website.
  • On this home page, you will see the option of Planning to Apply for Loan. After which you have to read all the 3 steps carefully in the section of planning to apply for the loan and click on the view more button.
  • After that the next page will open in front of you. On this page you have to click on View/Download Form option. After which a PDF of Svanidhi Yojana form will open in front of you.
  • You can download PDF of this scheme. After downloading the application form, you have to fill all the information asked in this form. After filling all the information, you have to attach all your required documents with the application. And the following institutions have to be represented.

Important Links

Official WebsiteClick Here
Home PageClick Here

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