PM SVANidhi Credit Card 2026: Apply Online, Eligibility & Benefits

 The PM SVANidhi Credit Card is a recent addition to the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme, designed to transition street vendors from micro-loans to formal revolving credit.

Introduced as part of the scheme's 2025 restructuring, it provides street vendors with a UPI-linked RuPay Credit Card, offering instant access to funds for business and personal emergencies.

📍 Table of Contents

• What is PM SVANidhi Credit Card?
• Key Features & Benefits
• Eligibility Criteria
• Loan vs. Credit Card
• How to Apply Online
• Common Questions (FAQ)

Key Features and Benefits

• Credit Limit: Starts at ₹10,000 and can be scaled up to ₹30,000 based on usage and repayment behavior.
• Interest-Free Period: Offers a grace period of 20 to 50 days (standard for credit cards) before interest is charged.
• UPI Integration: Since it is a RuPay card, it can be linked to UPI apps (like BHIM, GPay, or PhonePe), allowing vendors to make digital payments directly from their credit line.

• Rewards & Cashback:

1. Reward Points: Typically 1 point for every ₹100 spent (varies by issuing bank).
2. Digital Cashback: Up to ₹1,200/year on regular sales and up to ₹400/year on wholesale purchases.

• Lifetime Free: Most participating banks (like BOBCARD or PNB) offer this as a lifetime free card with no annual or joining fees.

📋 Eligibility Criteria

✓

Successful Loan Repayment Must have fully repaid the 1st and 2nd loan tranches of the PM SVANidhi scheme.

✓

3rd Tranche Eligibility Currently eligible for or applying for the 3rd term loan (up to ₹50,000).

✓

Digital Transaction History Active use of QR codes and digital payments for your business sales.

✓

Valid Vending Documents Possession of a Certificate of Vending (CoV) or an ID card issued by the ULB.

Feature	Standard Term Loan	PM SVANidhi Credit Card
Repayment Style	Fixed Monthly EMIs	Revolving (Pay as you use)
Interest Charges	On total loan amount	Only on the utilized amount
Flexibility	Once repaid, must re-apply	Limit resets instantly on payment
Grace Period	None (Interest starts day 1)	Up to 50 Interest-Free Days
Digital Use	Bank Transfer only	UPI & POS Merchant payments

💳 How to Use Your PM SVANidhi Credit Card with UPI

Since this is a RuPay Credit Card, it can be linked directly to apps like BHIM, Google Pay, PhonePe, or Paytm. This means you don't need to carry the physical card to make business purchases!

Step 1: Link to your UPI App

1. Open your favorite UPI app (e.g., PhonePe or Google Pay).
2. Go to Settings or Profile and select "Link RuPay Credit Card on UPI."
3. Select your Bank from the list (e.g., PNB, SBI, BoB).
4. The app will automatically find your PM SVANidhi Credit Card linked to your mobile number.
5. Set a 6-digit UPI PIN using your card details.

Step 2: Making a Payment

• Scan any Merchant QR Code: When buying stock from a wholesaler, simply scan their QR code.
• Choose the Card: At the payment screen, instead of your Bank Account, select your PM SVANidhi Credit Card.
• Enter PIN: Enter your UPI PIN to complete the transaction instantly.

🚀 How to Apply Online

1

Visit the official PM SVANidhi Portal.

2

Login using your Registered Mobile Number.

3

Click on "Apply for SVANidhi Credit Card".

4

Verify your Aadhaar & submit the digital form.

Apply Now ➔

*Make sure your mobile number is linked to your Aadhaar card.

Frequently Asked Questions

What is the credit limit of PM SVANidhi Card?

The initial credit limit typically starts at ₹10,000. Based on your usage and timely repayments, the limit can be enhanced up to ₹30,000.

Are there any annual or joining fees?

No, the PM SVANidhi Credit Card is generally issued as a Lifetime Free (LTF) card for street vendors, meaning there are no hidden joining or annual renewal charges.

Can I use this card to withdraw cash?

While technically possible at ATMs, it is highly discouraged as credit cards charge heavy interest on cash withdrawals from day one. It is best used for digital UPI payments and stock purchases.

What is the interest rate for this card?

The card offers an interest-free period of 20-50 days. Beyond that, standard bank rates apply, but vendors are eligible for a 7% interest subsidy from the government for maintaining good credit discipline.