API Integration between PM SVANidhi and SBI Portal Launched

Under the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme, Shri Durga Shanker Mishra, Secretary of Ministry of Housing & Urban Affairs,  had launched the Application Programming Interface (API) integration between the PM SVANidhi Portal and the State Bank of India (SBI) portal on October 7, 2020.


  • The API integration will facilitate seamless flow of data between the PM SVANidhi Portal and SBI’s eMudra Portal
  • The integration will secure the payment environment and expedite the loan sanctioning and disbursement process.
  • This is going to benefit the street vendors seeking working capital loan under the Scheme.
  • Ministry will further explore similar integration with other banks.

PM SVANidhi Scheme

The Ministry launched the scheme and is being implemented since June 01, 2020. The scheme was launched to provide affordable working capital loan to street vendors. The capital loans were provided to resume their livelihoods that was adversely affected amid Covid-19 lockdown. This scheme have a target to benefit over 50 lakh Street Vendors. The vendors include those who had been vending on or before 24 March, 2020 in urban areas and surrounding peri-urban or rural areas. The vendors can take a working capital loan of up to Rs. 10,000, under the scheme. They required to repay the loan in monthly instalments within one year. If the loan is timely or early repaid, an interest subsidy @ 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer  quarterly. The scheme has no provision of penalty on early repayment of loan. It also promotes digital transactions through cash-back incentives up to an amount of Rs. 1,200 per annum.  So far, 20.50 lakh loan applications have been received, 7.85 lakh loans have been sanctioned and over 2.40 lakh loans disbursed under the scheme.