Features Of PM Svanidhi Scheme

Funding and Management

PM Svanidhi Scheme is a Central Sector Scheme funded and managed directly by the central ministry.

Application Deadline

The proposed implementation of the scheme is till December 2024.

Working Capital Amount

Initially, a working capital amount of Rs. 10,000 will be provided to the vendors.


The scheme is open to any vendor operating a business in urban, rural and semi-urban areas on or before December 2024.

Interest Subsidy

The vendor shall be provided with an Interest Subsidy of 7% in respect of timely or early repayment of the loan.

Monthly Cashback Incentives

Vendors will be provided with monthly cashback incentives ranging from Rs. 50 to Rs. 100 to promote Make in India and Digital Transactions.

Collateral-Free Loans

The loans under this scheme are collateral-free, making it easier for vendors to apply and avail the benefits.