Street vendors are the lifeblood of Tumkur’s daily economy. While Manasvanil Industries Pvt. Ltd. has built a legacy manufacturing robust agri-processing machinery at our facility, our five years of dedication to Tumkur’s progress have positioned us as localized experts in complete financial and industrial consultancy. We believe true progress must uplift the street-level entrepreneurs who keep our community moving. The government’s PM SVANidhi (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) scheme is a special micro-credit facility, and our team is proud to offer full assistance to help local street vendors access this crucial support and revive their livelihoods.
What is the PM SVANidhi Scheme?
Managed by the Ministry of Housing and Urban Affairs (MoHUA), PM SVANidhi is a credit-linked subsidy scheme specifically designed to provide affordable working capital loans to street vendors who may have been adversely affected by the economic downturn. The scheme aims to simplify access to finance for hawkers and vendors, allowing them to resume their businesses without requiring collateral or expensive bank processes.
The Manasvanil Connection: Holistic Support for Street Commerce
While we engineer larger industrial machines, we understand that the whole economic chain of Tumkur must thrive:
- Supply Chain Success: Many street food vendors rely directly on products (like flour, rava, or pressed oil) processed by Manasvanil machinery. By helping street vendors secure SVANidhi working capital, we ensure the entire localized supply chain remains strong.
- Done-For-You Application Assistance: For a street vendor, navigating a bank application can be a day of lost income. We assist with the whole process—everything from start to end—till the final allocation of the amount. We will also take care of the associated bank processes on your behalf, freeing you to focus on your customers.
- Local Tumkur Trust: We are not a distant call center; we are your neighbors on Hirehalli main road. You get direct assistance at our Tumkur office, backed by our five years of local service.
Key Benefits of PM SVANidhi for Tumkur Vendors
(Lay this out in a clean 2-column list or grid in Elementor)
| Feature | Details |
| Loan Amount | Special micro-credit loan of ₹10,000 for the first tranche (working capital). |
| No Collateral | Access funding without requiring assets or guarantees. |
| Interest Subsidy | Enjoy a 7% interest subsidy per annum on timely repayment, credited directly to your account. |
| Rewards | Incentives and cashback for adopting digital transaction methods. |
| Higher Tranches | Successful repayment unlocks subsequent higher loans of ₹20,000 and ₹50,000. |
