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Y Then complete the 4 steps process Y In case any bank is not onboarded on UMP, they will be
i. Check Vendor category helped to do so
ii. Fill Application form Y Only branches which will be carrying PMSVANidhi
business may be marked as active in excel sheet so that
iii. Upload Documents
applications in market place can be seen by / flow to
iv. Submit Application
only those branches.
Planning to apply for loan (Follow three steps Process 1: Direct Application by SV on
before starting the online Application Process) PMSVANidhi portal - Process illustration
Y Make sure that all the required documents are with you After submission of application by Street Vendor, Banks
Y Ensure that your mobile number is linked with Aadhaar registered on Udyamimitra portal (managed by SIDBI) will
be able to see applications in market place along with an
Y" Check your eligibility status as per scheme rules
identity check report & credit rating report and score. Once
the lender "picks up" the application, it will reflect in "New
Tracing of Application by lenders: As PMSVANidhi
Application Section (NAS)" of his dashboard. Now lender will
portal is integrated with Udyamimitra portal (UMP) sanction the proposal as per its internal process/policy. Once
managed by SIDBI. Details of application process flow is lender marks the application as completed, the application
shared by SIDBI is as under moves to "Completed Application Information Section
Y Most banks are already onboarded on UMP
(CAIS)". In CAIS only system based process will take place
Y An excel sheet shall be provided to Banks containing like Validation of UPI ID (by NPCI) and online transmission
IFSC code of the branches presently mapped with UMP. of request of lender for letter of recommendation to
Banks will be required to update the pin code, Active concerned ULB (Only in case of vendor category C2 and D2)
status for PM SVANidhi of the Branches in the excel
sheet and send back to us for updating in the system Process 2: Application sourced by Banks - on
Y Bank's admin is empowered to create any new branch Program Mobile App
and its users Lenders will be provided a mobile app to originate the loan
Y Branch can create its users and forward link to its users applications. Mobile app user will log in through their user
(employee/BC Agent) for Mobile App download id. After checking all the sections in the app and after

BANKING FINANCE | JANUARY | 2021 | 39