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KBL- PM SVANidhi

KBL- PM SVANidhi

PRADHAN MANTRI STREET VENDOR’S ATMANIRBHAR SCHEME

Simple Processing and Quick Sanction 

KBL- PM SVANidhi (Pradhan Mantri Street Vendor’s Atmanirbhar Scheme)

  • As per Government guidelines issued from time to time.
  • Working Capital Loan (WCDPN)

Processing Charges

  • Nil

Prepayment Charges

  • Nil
  • Repayable in 12 EMIs (Equated Monthly Installments)
  • Nil
  • The vendors, availing loan under the scheme, are eligible to get prompt repayment interest subsidy @ 7%.

The above information is subject to terms and conditions.For more details, please contact the nearest Branch

Objective of the loan:

To provide working capital to street vendors to support their business.The scheme is formulated by the Ministry of Housing and Urban Affairs with the following objectives:

  • Working capital loan up to Rs.10,000/-
  • To incentivize regular repayment.
  • To reward digital transactions.

Promotion of Digital Transactions by Vendors:

The scheme will incentivize digital transactions by vendors through cash back facility. The on boarded vendors would be incentivized with a monthly cash back in the range of Rs. 50 – Rs.100. Cash Back incentive shall be available only to a maximum limit of Rs. 1200/-


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Frequently Asked Questions (FAQs) for KBL PM SVANidhi

It’s a new scheme introduced for working capital financing for Street vendors.
You can avail working capital loans up to Rs.10,000/-.
Generally loan will sanctioned for the period of 12 months.
Collateral free loan.
No margin money for this scheme.
Repayable in 12 EMI.
Cash back for digital transactions.