PM Svanidhi Credit Card: Government Offers Rs 30,000 Limit, UPI Payments for Vendors
Business
N
News18•28-01-2026, 13:10
PM Svanidhi Credit Card: Government Offers Rs 30,000 Limit, UPI Payments for Vendors
- •The central government launched the PM Svanidhi Yojana to provide financial support and protect street vendors from moneylenders.
- •A new PM Svanidhi Credit Card, built on the RuPay platform, offers a credit limit starting at Rs. 10,000, extendable up to Rs. 30,000 based on repayment behavior.
- •Cardholders can make purchases, pay bills, and use UPI payments by scanning QR codes; no interest is charged for payments made within 20-50 days.
- •Eligibility requires beneficiaries of the PM Svanidhi scheme to have a clean banking record, be aged 21-65, and have successfully repaid previous loans.
- •Applications are online via pmsvanidhi.mohua.gov.in or the PMS mobile app, requiring Aadhaar, PAN, vending certificate, and bank details.
Why It Matters: PM Svanidhi Credit Card empowers street vendors with up to Rs. 30,000 credit and UPI, fostering financial independence.
✦
More like this
Loading more articles...
