PM SVANidhi - 3rd Tranche Business Expansion Loan (₹50,000)
Primary Lending Institution:Small Industries Development Bank of India (SIDBI)
₹50,000 expansion loan over 36 months for street vendors graduating from Tranches 1 & 2.
Only open to vendors who have successfully repaid both 1st (₹10k) and 2nd (₹20k) tranches. Fresh applicants cannot jump straight to Tranche 3.
What is PM SVANidhi - 3rd Tranche Business Expansion Loan (₹50,000)?
Highest credit slab under PM SVANidhi offering ₹50,000 collateral-free working capital over a 36-month tenure for street vendors with proven repayment of 1st and 2nd tranches.
Key Benefits & Features
₹50,000 credit limit; comfortable 36-month repayment period; 7% interest subvention; establishes solid commercial track record for graduation to MUDRA loans.
7% interest subvention; digital UPI cashback incentives
Enterprise Eligibility Criteria
Street vendors who have closed both 1st and 2nd tranches of PM SVANidhi satisfactorily.
How to Apply (3 Verified Paths)
Apply directly on PM SVANidhi portal upon closing 2nd tranche.
Apply at pmsvanidhi.mohua.gov.in selecting 3rd loan upgrade.
Visit financing bank with 2nd tranche closure certificate.
Documents Required Checklist
Aadhaar Card, PM SVANidhi 1st and 2nd loan account statements, Vending certificate.
Frequently Asked Questions
What is the tenure for PM SVANidhi Tranche 3?
The repayment tenure is 36 months (3 years) with equal monthly instalments.
Can a vendor graduate to MUDRA loan after Tranche 3?
Yes, vendors who repay Tranche 3 successfully are fast-tracked for MUDRA Kishore loans up to ₹5 Lakh by commercial banks.
What is the effective interest rate?
With the 7% central government interest subvention, the effective interest rate borne by the vendor is around 1% to 2.5% per annum.
Is there any processing fee for Tranche 3?
No. PM SVANidhi loans across all three tranches carry a statutory 100% processing fee waiver.