Now handcart and street vendors will also get credit cards! Limit up to ₹ 30,000 without guarantee, know how to apply:

Business Desk, New Delhi. If you set up a shop on the footpath, run a tea stall or do any small street business, then the biggest good news of the year 2026 has come for you. Now credit card facility will not be limited only to big showrooms or employed people. the central government PM SVANidhi Scheme A special one for street vendors under credit card Has been launched. This card will free small traders from the clutches of moneylenders and help them take their business to new heights. Let us know the complete ABCD of this revolutionary scheme.

What is PM SVANidhi Credit Card and how will it work?

this one Rupay based credit card, which has been specially designed keeping in mind the needs of street vendors.

Credit Limit: Initially the limit of this card will be ₹ 10,000, which can be increased to ₹ 30,000 after timely payment.

Interest free period: The biggest relief is that the money is returned within 20 to 50 days. zero percent interest It will take.

UPI Connectivity: This card will be directly linked to your UPI, that is, you will be able to make payment at any shop by scanning the QR code. This card will be valid for 5 years and will be useful everywhere from electricity bills to purchasing merchandise.

Who can avail the benefits of this card? (Eligibility)

This card is for those street vendors who are already part of the ‘PM Swanidhi’ scheme. Following are the eligibility conditions:

Registration: It is mandatory for the applicant to be registered in PM SVANidhi Scheme.

Loan Records: Those who have repaid their previous loan on time or are eligible for a third loan will get preference.

Age Limit: The age of the applicant should be between 21 to 65 years.

CIBIL Score: You should not be a defaulter of any bank.

Step-by-step application process

Now you do not need to visit banks or do heavy paperwork for loan. You can apply digitally sitting at home:

First official portal pmsvanidhi.mohua.gov.in Or go to the mobile app.

Here ‘Apply for Credit Card’ Select the option.

Login with your mobile number and verify your vendor details through Aadhaar card.

Complete the e-KYC process and select your preferred bank. Your application process will be completed in 10-15 minutes.

Documents required for application (Documents List)

Keep ready scanned copies of these documents for digital application:

Aadhar card: Most essential for e-KYC.

PAN card: For financial identification.

Vending Certificate: Identity card issued by Municipal Corporation or local body.

Bank Account: Savings bank account information.

Address Proof: Any one of ration card, electricity bill or voter ID.

How will your business change?

With this credit card, small traders will get the facility to buy goods in bulk. You can simplify your expenses EMI Will also be able to convert into Rs., on which the interest rate has been kept very low. This will not only increase your working capital, but you will also be able to keep pace with Digital India. This step of the government will prove to be a ‘game changer’ in making millions of street vendors financially independent and empowered.