If you want to start a small business but don’t have enough money, the government has a special scheme that can help you.
Under the PM Svanidhi Scheme, you can get a loan of up to ₹90,000 without any guarantee.
The best part is that you don’t need heavy paperwork.
With just one document, the loan amount can be transferred directly to your bank account.
Why This Scheme Was Launched
During the Corona pandemic, small businesses and street vendors suffered major losses. Many had to shut down their work completely.
To support them, the government launched the PM Svanidhi Yojana, offering financial help so they could restart their businesses.
Earlier, the loan limit was ₹80,000, but in 2025, it has been increased to ₹90,000.
The scheme has also been extended, and it will now run until March 31, 2030, under the Ministry of Housing and Urban Affairs and the Department of Financial Services.
Loan Structure: How You Get ₹90,000 in Three Phases
The PM Svanidhi Loan is given in three installments:
First installment: ₹15,000
Second installment: ₹25,000
Third installment: ₹50,000
You get the next installment only after repaying the previous one on time.
This system is designed to help you grow your business step-by-step.
The entire amount is sanctioned based on your credit behavior.
Just One Document Required
To get this loan, you don’t need multiple documents or collateral.
You only need your Aadhaar card.
The loan can also be repaid through easy EMIs, making it simple for small traders and vendors.
How to Apply for PM Svanidhi Yojana
Follow these steps to apply:
Visit any government bank.
Ask for the PM Svanidhi Yojana application form.
Fill in your details carefully.
Attach a copy of your Aadhaar card.
The bank will verify your information.
Once approved, the loan amount will be given in three phases.
Millions Already Benefiting
According to government data (as of July 30, 2025):
9.6 million loans worth ₹13,797 crore have already been disbursed.
6.8 million people have benefited from the scheme.
Around 4.7 million beneficiaries are digitally active.
The increased loan limit will benefit nearly 11.5 million street vendors.
This scheme is a major opportunity for small traders, street vendors, and anyone looking to start or expand their small business.
