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Loans

PM SVANidhi ₹50,000 Loan: How to Apply Online and Track Status

The ₹50,000 PM SVANidhi loan is the third tranche. You get it only after fully repaying the ₹25,000 second loan, and you apply through the PM SVANidhi portal.

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Written by Aarav Sharma

Published 27 October 2026·6 min read

On this page9 sections
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The ₹50,000 PM SVANidhi loan is the third tranche, so you cannot take it as your first loan. You become eligible only after you fully repay the second loan of up to ₹25,000. You then log in to pmsvanidhi.mohua.gov.in with your Aadhaar-linked mobile number and use the Apply For 50k option.

This page covers the third-loan application and status tracking. For the whole scheme, including who counts as a street vendor, see our PM SVANidhi scheme guide.

Key facts

Item Third tranche (₹50,000 loan)
Amount ₹30,000 minimum, ₹50,000 maximum
Who can apply Vendors who have fully repaid the second tranche
Repayment 36 monthly instalments; prepayment allowed without penalty
Interest subsidy 7% a year, credited quarterly; maximum ₹5,579 on a ₹50,000 loan repaid on schedule
Collateral and margin None; only a demand promissory note (DPN) and undertaking
Processing fee As per the lender’s policy (nil only for the first two tranches)
Insurance Not mandatory; lender may offer it with your consent
Credit score Not a ground for rejection; an NPA or written-off loan is
Lending period Loans disbursed up to 31 March 2030

Why ₹50,000 is never a first loan

PM SVANidhi lends in three steps, and each tranche is disbursed only after the one before it is fully repaid. The Loan Operational Guidelines set the ladder as up to ₹15,000 for 12 months, up to ₹25,000 for 18 months, and up to ₹50,000 for 36 months.

The first two amounts used to be ₹10,000 and ₹20,000. The portal raised them to ₹15,000 and ₹25,000 on 8 September 2025, under the restructured scheme. If you are searching for the old ₹20,000 loan, it is now the ₹25,000 second tranche. The third tranche stayed at ₹50,000.

Vendors who took older ₹10,000 and ₹20,000 loans still qualify for the third tranche once the second is closed. The portal says third-loan applications of ₹50,000 were generated automatically for vendors whose second loans were closed on or after 1 January 2025.

Before you apply

ItemDetails
Get the second loan marked closed.The guidelines require lenders to update full repayment on the portal promptly. Until they do, the third tranche does not open. Ask your branch for a closure letter.
Link your mobile number to Aadhaar.The portal uses it for OTP login and e-KYC. You can also log in with Aadhaar and biometric verification.
Keep a valid, unique UPI IDlinked to your savings account. It is mandatory.
Check your other loans.A lender may decline if any loan in your name is an NPA or has been written off.

Documents are limited to your Certificate of Vending, ID card or portal-issued Letter of Recommendation (LoR), Aadhaar, a passbook or statement, and the UPI ID. Lenders are told not to ask for anything more. A manually issued LoR is not valid.

How to apply for the ₹50,000 loan online

  1. Open pmsvanidhi.mohua.gov.in and click Apply For 50k under Apply for Loan.
  2. Select your state; Assam and Meghalaya have a separate option.
  3. Choose Login Via Mobile or Login Via Aadhaar, then Verify with OTP (or biometric).
  4. Check the pre-filled details from your earlier loans and confirm your bank account and UPI ID.
  5. Pick your lender, give the two reference details the form asks for, and submit.
  6. Note the application number shown on screen.
  7. When the lender picks up the application, sign the DPN and undertaking. The money is credited to your savings account.

For the third tranche only, the lender may ask for an optional one-time declaration on stock or use of funds. It cannot insist on receipts. The PM SVANidhi mobile app offers the same steps.

Applying through a CSC or the ULB

If you cannot apply yourself, go to an authorised Common Service Centre, your urban local body (ULB) office, or the block office in a census town. ULBs also engage resource persons to fill in applications for vendors. Take your Aadhaar-linked phone, since the OTP comes to it.

What the ₹50,000 loan costs

The Loan Operational Guidelines fix no interest rate for the third tranche; each lender charges its own, in line with RBI rules. SBI’s PM SVANidhi page still lists 9.90% (EBLR 8.15% + 1.75%), a rate dated 1 October 2025. SBI has since cut its EBLR to 7.90%, effective 15 December 2025, and has not refreshed the scheme page, so ask your branch what rate it will actually apply. At 9.90%, ₹50,000 over 36 months gives an EMI of about ₹1,611 and total interest of about ₹7,996.

If you pay every instalment on time, the maximum subsidy the guidelines allow is ₹5,579, credited in quarterly parts. Your net interest cost on that example then falls to about ₹2,417. Late instalments lose the subsidy for those months. Try other rates on the EMI calculator.

How to check PM SVANidhi application status

  1. Open pmsvanidhi.mohua.gov.in and click Know Your Application Status.
  2. Enter your application number and mobile number.
  3. Click Request OTP, enter the OTP, and click Search.

You can also check status in the PM SVANidhi app or the PM SVANidhi service on UMANG. If your mobile number has changed, log in with Aadhaar and use the mobile number update option on the home page.

Stage on the portal What it means
Picked up / not sanctioned The lender has taken the application and is processing it
Sanctioned The lender has approved the loan
Disbursed Money has been credited to your account
Returned by bank The lender sent it back with a reason; the ULB contacts you to correct and resubmit, or closes it
Ineligible Rejected on a ground such as an NPA or written-off loan elsewhere

Common rejection reasons and fixes

ItemDetails
Second loan not marked closedask the branch that gave it to update closure on the portal.
NPA or written-off account with any lendersince 23 December 2025, banks can reject these, and such applications go straight to the ineligible list. Settle the old account and get a closure letter first.
Wrong account number or UPI IDthe forms now validate the account number. Re-enter the details exactly as in your passbook.
Mobile not linked to Aadhaarupdate it at an Aadhaar centre (₹75 for a demographic update), then log in again.
Moved to another cityuse the ULB transfer facility so the new ULB can verify you.

A low credit score is not a valid reason to reject a PM SVANidhi loan. If a lender cites it, complain to the bank and your ULB. If the bank does not resolve it, you can go to the RBI Ombudsman. For technical problems, the portal lists pmsvanidhi.support@sidbi.in.

Frequently asked questions

Can I apply directly for the PM SVANidhi ₹50,000 loan?

No. It is the third tranche, open only after you fully repay the first and second loans.

What happened to the PM SVANidhi ₹20,000 loan?

From 8 September 2025, the second tranche is up to ₹25,000. Pending ₹20,000 applications were converted to ₹25,000 on the portal.

How long is the repayment period for the ₹50,000 loan?

36 months, in monthly instalments. You can repay early without any penalty.

Is there a processing fee on the third tranche?

It depends on the lender. The guidelines make the first two tranches fee-free, but leave the third to the lender’s policy within RBI rules.

How do I check PM SVANidhi status by mobile number?

Use Know Your Application Status on the portal, enter your application number and mobile number, and verify with OTP.

Can I get the PM SVANidhi credit card along with the ₹50,000 loan?

Yes. Vendors who have repaid the second loan can take the third loan, the card, or both. See our PM SVANidhi credit card guide.

Is the loan available after 2030?

The restructured scheme covers loans disbursed up to 31 March 2030.

Sources

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