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Union Bank of India
Union Bank PM SVANidhi RuPay Credit Card
RuPay
Union Bank PM SVANidhi RuPay Credit Card
A UPI-linked RuPay credit card for street vendors under the government's PM SVANidhi scheme, launched nationally in January 2026 for vendors who have repaid their second SVANidhi loan. Union Bank issues it with no joining or annual fee and a limit of ₹10,000 that can rise to ₹30,000. It is a working-capital tool, not a rewards card.
Annual fee
₹0
Joining fee
₹0
Reward type
cashback
Base reward rate
0%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to self-employed applicants who clear the standard eligibility bar. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0% base rate
- Reward redemption: No reward points on this card
Eligibility
- Employment: self-employed
Fees & charges
- Cash advance charges: Cash withdrawals not permitted
Benefits
- Starting limit of ₹10,000, raised gradually up to ₹30,000 based on usage
- UPI-linked RuPay card; billed amounts of ₹2,500+ convertible to EMI at up to 1.5% per month
Pros
- + No joining or annual fee
- + UPI-linked for payments to suppliers and merchants
- + No late fee on dues up to ₹500
Cons
- − Only for PM SVANidhi street-vendor beneficiaries
- − No rewards, no international use and no cash withdrawals
- − Low credit limit of ₹10,000–₹30,000