Question
Which of the following statements regarding the PM
SVANidhi Scheme are incorrect? 1. The scheme is exclusively for urban street vendors. 2. Beneficiaries of the scheme are eligible for a subsequent loan with higher credit limit upon timely repayment. 3. The scheme offers a cash grant to street vendors. Select the correct answer using the code given below: Read the following passage and answer the Questions (Q no. 17 to 20) based on the passage. Street vendors in India play a vital role in the country’s informal economy, contributing significantly to employment generation, local commerce, and the accessibility of affordable goods and services. Despite operating in an unregulated environment, street vendors serve as a critical link between producers and consumers, offering everything from fresh fruits and vegetables to clothing, household goods, and street food. Their presence is particularly valuable in urban areas where they cater to the daily needs of millions, providing essential goods at competitive prices. Street vendors are a key part of India’s informal sector, which accounts for a substantial portion of the country's overall workforce. For many individuals, particularly those from economically disadvantaged backgrounds, street vending offers an accessible means of livelihood without the need for formal education or significant capital investment. It acts as a source of income for millions who might otherwise struggle to find employment in the formal sector, providing them with the financial stability needed to support their families. In addition to generating employment, street vendors contribute to the local economy by fostering a dynamic and flexible system of commerce. They create a decentralized marketplace, allowing consumers to purchase goods at convenient locations, often at more affordable prices than those found in formal retail outlets. This accessibility not only benefits lower-income consumers but also encourages competition, which helps keep prices in check for all segments of society.Solution
Statement 3 is incorrect. The PM SVANidhi Scheme does not offer a cash grant to street vendors; instead, it provides a working capital loan. Statements 1 and 2 are correct.
Who is the writer of the book ‘The Spirit of Cricket’ ?
Which Nagar Panchayats in Uttarakhand have nominated Panchayats instead of elected ones?
Which OSI layer is responsible for managing the communication between computers in the network?
Which one of the following is not among the labour codes that consolidated multiple central labour laws?
Which of the following sites do “Not” have nuclear power plant?
Who among the following had written ‘The Dark Room’ that presents an Indian woman in stiff opposition to male domination?
How many of the following members from Rajya Sabha are there in Public Accounts Committee?
Ustad Bismillah Khan was associated with which of the following musical instruments?
Identify the part of the sentence that contains an error.
Through careful / practice in writing / one eventually learns to express / themselves...
_______ is the irrigation method suitable for undulating lands and sandy soils.
