PM SVANidhi Credit Card is an Initiative Under a Financial Scheme Launched by the Government of India in 2026 to Support Street Vendors. Under this Scheme all Eligible Street Vendors Will Receive a Credit Card from the Government with a Credit Limit  ₹10,000 to ₹30,000 at  0% Interest Rate.

This Credit Card Will be interest free for 20 to 50 day, offer Rewards for Digital Payment and can be Link to and used with Any UPI App Like PhonePe, Paytm, and Google Pay and More. in this post We will Learn about the Eligibility Criteria, Benefits, Required Document, and the Step by Step Process Guide Online Application Process for The PM SVANidhi Credit Card.

What is PM SVANidhi Credit Card?

PM SVANidhi Scheme has Played a Crucial Role in Uplifting (Street Vendor) by Providing them with Micro Credit Assistance to Support their Livelihood and Business Growth. Initially, the Indian Government offer Personal Loan from ₹15,000 to ₹50,000 Under this Scheme. Now Prime Minister Narendra Modi has Further enhanced the Scheme by integrating the Loan Amount with a Credit Card Facility.

Businesses Grow Street Vendor often Encounter New Opportunities and Needs. To Further Empower them the PM SVANidhi Credit Card Facility is being introduced. This initiative Will Provide Vendor with Access to Credit when Need Giving them Greater Flexibility to Meet Daily Expenses and adapt to Changing Business Requirement. The Credit Card Ensures that Vendor Can Continue to Thrive With Confidence and Agility.

Also Read: Best Credit Cards in India 2026

PM Svanidhi Credit Card Eligibility

• All street Vendors who have Successfully Repaid their 2nd Tranche Loan and are Eligible for the 3rd Tranche under the PM SVANidhi Scheme.

• Street Vendors who have already availed the 3rd Tranche Loan whether the Loan is Currently active or has been Fully Repaid are also Eligible for the Credit Card Facility.

• The age of the Applicant Must be between 21 and 65 Years at the Time of Application.

• The Credit Card Facility shall be offer in addition to the 3rd Tranche Loan. Street vendors may choose to avail the 3rd tranche loan, the credit card facility, or both, as per their Eligibility and Preference.

• The Applicant should not have any Non Performing Asset (NPA) or Written off account  with any Lender. 

PM Svanidhi Credit Card Document Required

The Following Documents must be Submitted by the applicant:

• Aadhaar Card

• PAN Card

• Certificate of Vending (CoV), Letter of Recommendation (LoR), or Identity Card issued by the Urban Local Body (ULB)/ Block offices as proof of being a street vendor.

• Savings Bank Account details

• Current address Proof, if Aadhaar address is Not the Current Address.

How to Apply for PM SVANidhi Credit Card Online?

Step by step Guide For Apply PM Svanidhi Credit Card Online

1. Visit official PM SVANidhi portal

2. Click on “Apply for Credit Card

3. Enter mobile number

4. Verify OTP

5. Fill application form

6. Upload documents

7. Submit and track status

PM SVANidhi Credit Card Interest Rate/ Fee

• Joining or Annual Charges: Eligible PM SVANidhi Beneficiaries will be issued a lifetime free credit card by the card issuers. There will be no charges for enrolment/joining, activation, inactivity or annual renewal these fees will be set at NIL.

• Interest Fee/ Finance Charges: This will be applicable as per the Respective Issuers policy.

• Late Payment Fees: No Penalty for due amount up to ₹500. The late Payment charges will be applicable if any amount is more than ₹500 as per the Issuers’ policy.

• Other Charges: Other charges such as card replacement, issuance of duplicate cards, hot listing, and similar services will be applicable as per the respective issuer’s policy.

Benefits of PM SVANidhi Credit Card

• Interest Free Period: The issuers will offer an interest-free credit period of 20 – 50 days, as per the existing policy of the Issuer.

• UPI Link: The credit card should be enabled to be linked to the UPI ID of the beneficiary. This will help the vendor to make payments using their credit card limit via UPI.

• EMI Facility: Issuers may, at their discretion, allow cardholders to convert a minimum billed amount of ₹2,500 from a Billing cycle into an EMI Facility.

• Maximum Interest Rate: up to 1.5% Per month and also include a prepayment option with no penalties or additional charges.

How to Check PM SVANidhi Application Status?

Under the PM SVANidhi Scheme, if Street Vendor have applied for a Credit Card and want to check their application Status, Please Click on this Link.