PM SVANidhi Yojana: Street vendors and hawkers can also get a credit card—here's the process..

The mere mention of credit cards often leads many to dismiss them as a luxury reserved for the wealthy. However, times have changed, and ordinary people are now making extensive use of credit cards. Many banks issue credit cards based not only on account details but also on CIBIL scores. But did you know that even street vendors—those who run businesses from roadside stalls or carts—can avail of credit card facilities?

Yes, under the Pradhan Mantri SVANidhi Yojana (PM SVANidhi Yojana), eligible street vendors are provided with a special credit card featuring a limit of ₹30,000. The best part is that the process of obtaining this credit card is quite simple. Here, we look at how to apply for the PM SVANidhi credit card and the eligibility criteria involved.

Who can avail the benefits of the PM SVANidhi Yojana?