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ODISHA STAMP DUTY EXEMPTION FOR PM SVANIDHI LOANS

Odisha PM SVANidhi Stamp Duty Exemption Order R&DM

REMISSION OF STAMP DUTY ON PM SVANIDHI HYPOTHECATION AGREEMENTS

Revenue and Disaster Management Department, Govt of Odisha – Order No. 25185/R&DM Dated 16.06.2026

Reference Order No. 25185/R&DM

Department Revenue & Disaster Management

Date 16 June 2026

Issued Under Section 9, Indian Stamp Act 1899

Stamp Duty

100% Remitted

On hypothecation agreements

Coverage

All Three Tranches

PM SVANidhi loan sanctions

Instrument

Hypothecation Agreement

For street vendor loans

Key Order Directives

Legal Authority: The State Government, in exercise of the powers conferred by clause (a) of sub-section (1) of section 9 of the Indian Stamp Act, 1899 (2 of 1899), hereby remits the stamp duty in respect of the specified instrument.
Covered Instrument: Hypothecation agreements executed in respect of all three tranches of loans sanctioned under the PM SVANidhi (Pradhan Mantri Street Vendors' AtmaNirbhar Nidhi) Scheme.
Extent of Remission: Stamp duty is remitted to the full extent applicable on the aforesaid hypothecation agreements — i.e., 100% remission.
Applicability: The remission covers all three tranches of PM SVANidhi loans sanctioned to eligible street vendors.
Gazette Publication: The order is directed to be published in an extra-ordinary issue of the Odisha Gazette through the Deputy Director, Secretariat Branch Press Unit-III, Kharvel Nagar, Bhubaneswar.
Distribution: Ten (10) printed copies forwarded to the Department; Ten (10) copies to the Inspector General of Registration, Odisha, Cuttack; and Five (05) copies to the Hon'ble Member, Board of Revenue, Odisha, Cuttack.
Issuing Authority: Order issued by Dr. Arabinda Kumar Padhee, Additional Chief Secretary to Government, Revenue and Disaster Management Department, Government of Odisha.

Key Highlights & Conditions

PM SVANidhi Scheme: The Pradhan Mantri Street Vendors' AtmaNirbhar Nidhi (PM SVANidhi) is a Central Sector Scheme providing working capital loans up to ₹10,000 to street vendors, with subsequent higher loan tranches upon repayment.
Stamp Duty Relief: This order provides complete stamp duty exemption on hypothecation agreements for all three loan tranches, reducing the financial burden on street vendors availing credit under the scheme.
Legal Basis: The remission is issued under Section 9 of the Indian Stamp Act, 1899, which empowers the State Government to remit or reduce stamp duty on specified instruments.
Effective Immediately: The order is effective from the date of issuance — 16 June 2026 — and applies to hypothecation agreements executed thereunder.
Wide Dissemination: Copies have been sent to the Inspector General of Registration and the Board of Revenue for implementation across all registration offices in Odisha.

Frequently Asked Questions

What is the PM SVANidhi Scheme?

The Pradhan Mantri Street Vendors' AtmaNirbhar Nidhi (PM SVANidhi) is a Central Sector Scheme that provides affordable working capital loans to street vendors. The first tranche is up to ₹10,000, with higher amounts in subsequent tranches upon timely repayment.

What does this order remit?

This order fully remits (100%) the stamp duty payable on hypothecation agreements executed for all three tranches of loans sanctioned under the PM SVANidhi Scheme in Odisha.

Under which law is this remission issued?

The remission is issued under clause (a) of sub-section (1) of Section 9 of the Indian Stamp Act, 1899 (2 of 1899), which empowers the State Government to remit or reduce stamp duty on specified instruments.

Does this apply to all three loan tranches?

Yes. The stamp duty remission applies to hypothecation agreements executed in respect of all three tranches of loans sanctioned under the PM SVANidhi Scheme.

When is this order effective from?

The order is effective from 16 June 2026, the date of issuance by the Revenue and Disaster Management Department, Government of Odisha.

Who issued this order?

The order was issued by Dr. Arabinda Kumar Padhee, Additional Chief Secretary to Government, Revenue and Disaster Management Department, Government of Odisha.

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