Consider the following statements about “SVANidhi Scheme”:

I. The scheme was launched for the welfare of Street Vendors.

II. It was launched by the Ministry of Commerce and Industry.

III. It also aims to promote digital transactions through cash-back incentives.

Which of the above statements is/are not correct?

Solution

SVANidhi Scheme was launched to benefit over 50 lakh street vendors who had been vending in urban areas including those from surrounding peri-urban/rural areas. Statement 1 is correct - SVANidhi Scheme was launched to benefit over 50 lakh street vendors who had been vending in urban areas including those from surrounding peri-urban/rural areas. The scheme would benefit vendors, hawkers, thelewale and people involved in goods and services related to textiles, apparel, artisan products, barbers shops, laundry services etc. in different areas. Statement 2 is not correct - The Ministry of Housing and Urban Affairs (MoHUA) launched the scheme. Statement 3 is correct - It also aims to promote digital transactions through cash-back incentives up to an amount of Rs. 1,200 per annum.