PM SVANidhi Yojana: Street vendors and hawkers can also get a credit card—here’s the process..

The mere mention of credit cards often leads many to dismiss them as a luxury reserved for the wealthy. However, times have changed, and ordinary people are now making extensive use of credit cards. Many banks issue credit cards based not only on account details but also on CIBIL scores. But did you know that even street vendors—those who run businesses from roadside stalls or carts—can avail of credit card facilities?

Yes, under the Pradhan Mantri SVANidhi Yojana (PM SVANidhi Yojana), eligible street vendors are provided with a special credit card featuring a limit of ₹30,000. The best part is that the process of obtaining this credit card is quite simple. Here, we look at how to apply for the PM SVANidhi credit card and the eligibility criteria involved.

Who can avail the benefits of the PM SVANidhi Yojana?
Street vendors—including those who set up roadside stalls and those who sell goods as hawkers—can benefit from the PM SVANidhi Yojana. Street vendors are individuals who conduct business by setting up temporary shops on roads, footpaths, lanes, markets, or other public spaces. This category includes pushcart owners, stall operators, and mobile hawkers who travel from place to place to sell their wares.

To help such vendors expand their businesses and provide financial support, the government offers loans and a credit card facility with a limit of up to ₹30,000 under this scheme. If you or someone you know earns a livelihood through street vending, they can apply to avail the benefits of this scheme.

How can one get a credit card under the PM SVANidhi Yojana?
If you wish to get a credit card under the PM SVANidhi Yojana, first visit the website https://www.pmsvanidhi.mohua.gov.in/.
Fill out the application form with your personal details and select your bank (e.g., Bank of Baroda, Indian Bank, etc.) for the issuance of the card. After this, submit the application; you will receive immediate confirmation via SMS or email.
The bank will process the application, and the credit card will be issued to the applicant within 60 days, provided all necessary conditions are met.

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