PM SVANidhi Credit Card Launched:Street Vendors Eligible For ₹30,000 Interest-Free Loan
India’s street vendors and small shopkeepers are stepping into a new era of digital finance with the launch of the PM SVANidhi Credit Card in January 2026. Introduced by Prime Minister Narendra Modi, this initiative aims to make day-to-day business easier for small traders by providing quick, paperless access to working capital without collateral or heavy interest burden.
A Credit Card Designed for Street Vendors
The PM SVANidhi Credit Card is a specially designed RuPay credit card that caters to the daily financial needs of vendors and small shop owners. It is directly linked to the user’s bank account and UPI ID, allowing payments through QR codes just like any digital wallet.
One of its most attractive features is the interest-free period of 20 to 50 days, which enables vendors to buy goods, manage expenses, and rotate capital without worrying about extra charges. Initially, cardholders receive a credit limit of ₹10,000. With regular use and timely repayments, this limit can be enhanced to ₹30,000, helping businesses grow steadily. The card comes with a validity of five years, ensuring long-term support.
A Credit Card Designed for Street Vendors
The PM SVANidhi Credit Card is a specially designed RuPay credit card that caters to the daily financial needs of vendors and small shop owners. It is directly linked to the user’s bank account and UPI ID, allowing payments through QR codes just like any digital wallet. One of its most attractive features is the interest-free period of 20 to 50 days, which enables vendors to buy goods, manage expenses, and rotate capital without worrying about extra charges. Initially, cardholders receive a credit limit of ₹10,000. With regular use and timely repayments, this limit can be enhanced to ₹30,000, helping businesses grow steadily. The card comes with a validity of five years, ensuring long-term support.
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