Modi Yojana Credit Card: A major announcement has brought relief and excitement among small vendors, street hawkers and micro-business owners. The central government has introduced a special credit card facility under the Modi Yojana, enabling eligible beneficiaries to access instant credit, enhanced limits and digital payment benefits. This initiative aims to support small earners, encourage digital transactions and help local businesses grow with financial stability.
What Is the Modi Yojana Credit Card?
The facility has been introduced as part of the PM SVANidhi Scheme, a government program launched to support street vendors with affordable working capital loans. Under the extended phase of the scheme, eligible vendors can now receive a credit card-like digital credit limit that can be used through UPI and QR-based payments. This card functions as an instant revolving digital credit line, giving vendors continuous access to funds whenever they need them.
What Is the Credit Limit Offered?
Under the new update, beneficiaries may receive a credit limit that grows gradually based on their repayment history and digital transaction usage. The scheme generally offers ₹10,000 initially, followed by enhanced limits of ₹20,000 and ₹50,000 upon timely repayment. With the newly introduced digital credit card model, users may enjoy smoother transactions and faster access to working capital through UPI.
Who Is Eligible for the Modi Yojana Credit Card?
The scheme is designed for small street vendors such as fruit sellers, tea stall owners, vegetable vendors, small shopkeepers and individuals running micro-businesses. Applicants must be registered under the local Urban Local Body’s vendor list or possess a valid vendor certificate. The eligibility also depends on basic KYC completion and participation in the PM SVANidhi framework.
How to Apply for the Credit Card Under Modi Yojana
Applying for this facility is simple and entirely digital. Applicants can visit the official PM SVANidhi portal, complete their Aadhaar-based verification, submit vendor proof and upload necessary documents. Once approved, the beneficiary receives an SMS confirmation and can activate their credit card through a digital wallet or UPI app. Many banks and NBFCs partnered with the scheme will also offer onboarding assistance.
Why This Scheme Matters for Street Vendors
This credit card system gives small vendors the flexibility to maintain daily cash flow without relying on high-interest private loans. It improves their ability to buy stock, expand their business and adopt digital payments. The government expects this to promote financial inclusion and strengthen India’s micro-enterprise sector with more transparent and affordable credit access.
Benefits of the Modi Yojana Credit Card
The newly launched feature offers multiple advantages such as instant approval, zero collateral requirement, flexible repayment cycle, interest subsidy on timely payments and credit limit growth based on performance. Vendors also benefit from digital payment rewards, cash-back programs and scanning-based transactions that increase transparency in daily earnings.
Conclusion: The Modi Yojana Credit Card under the PM SVANidhi framework is a major step toward empowering small street vendors across India. With easy application, instant credit access and higher limits based on repayment discipline, the scheme ensures micro-businesses can operate smoothly and grow steadily. This initiative reinforces the government’s vision of financial inclusion and digital transformation for every citizen.
Disclaimer: This article is for informational purposes only. Actual credit limits, eligibility criteria and processes may vary as per government notifications and bank guidelines. Always refer to the official PM SVANidhi portal for accurate details.
