Top News

PM SVANidhi Credit Card: Prime Minister Narendra Modi has launched PM Swanidhi Credit Card in January 2026, which is a big gift especially for street vendors and small shopkeepers. This is a RuPay credit card, which is directly linked to your UPI. The biggest feature of this card is that in this you get the facility of loan without mortgaging any property and without any guarantor. Initially, there is a limit of ten thousand rupees, which can increase up to thirty thousand rupees if paid on time.

What is the limit and how much interest will have to be paid

Interest free credit is available for twenty to fifty days on PM Swanidhi Credit Card. That means, if you repay the money within the stipulated time, you do not have to pay even a single rupee of interest. The validity of this card is five years. This card is very useful for everyday small business, especially for those who want to adopt digital payments.

Who can apply for this card

Not everyone can take advantage of this scheme. Some conditions have been set for this. The age of the applicant should be between twenty one to sixty five years. Also, you must have successfully repaid the second loan under PM Swanidhi Yojana and be eligible for the third loan. Additionally, there should not be any previous loan default in your name.

What documents are required before application

Before applying for PM Swanidhi Credit Card, it is important to keep some important documents ready. You must have Aadhar card, which is linked to the mobile number. KYC will not be completed without PAN card. Along with this, it is necessary to have a vending certificate or identity card issued by the Municipal Corporation. Bank passbook and an active UPI ID is also mandatory.

Complete application process in easy language

You can apply for this card through both online and offline modes. For online application you have to visit the official website of PM Swanidhi. There you will have to click on the credit card option, enter your mobile number and verify with OTP. After this, e-KYC will have to be completed through Aadhaar and the bank will have to be selected. For offline application, you can take help by visiting the nearest CSC center or your bank branch.

Read Also: Entry of Oppo Find N6 is near, foldable phone can create a stir

You will get the benefit of cashback on digital transactions

On making digital payment through PM Swanidhi Credit Card, a cashback of up to Rs 1200 is also available annually. When used properly, your CIBIL score also improves, which makes it easier to take a big business loan in the future. For small traders, this card is being considered a strong step towards becoming self-reliant.