Question
Which ministry is responsible for implementing the SVAMITVA scheme?
Please read passage and the answer the following questions ( Q no 11 to 14) based on the passage. Financial security for street vendors is a critical aspect of urban economies, particularly in developing countries like India, where millions of people rely on informal employment for their livelihoods. Street vendors contribute significantly to local economies by providing affordable goods and services, fostering entrepreneurship, and creating jobs. However, they often face numerous challenges, including lack of access to financial resources, job security, and social protections. Ensuring financial security for street vendors is essential not only for their personal well-being but also for the economic vitality of urban areas. Financial security is vital for street vendors to maintain stable livelihoods. Many street vendors operate on a daily income basis, making them vulnerable to fluctuations in demand and unforeseen circumstances such as health emergencies or natural disasters. When vendors have access to financial resources, such as savings, credit, and insurance, they can better navigate these challenges. Financial stability allows them to cover daily expenses, reinvest in their businesses, and sustain their families without falling into debt or poverty. Access to affordable credit and financial services is crucial for the growth and sustainability of street vending businesses. Many street vendors struggle to secure loans from traditional financial institutions due to a lack of formal documentation, credit history, or collateral. Microfinance institutions and community lending programs can provide essential financial support, enabling vendors to expand their operations, purchase inventory, and invest in equipment. With improved access to finance, street vendors can enhance their productivity and profitability, leading to long-term business viability.
More Economic and Social Issues ESI Questions
- Which of the following statements is correct about the Accelerated Irrigation Benefit Programme (AIBP) under PMKSY?
- The National Education Policy (NEP) 2020 outlines a transformative vision for India's education system. Evaluate the following statements about NEP 2020 an...
- Under the new direct tax regime, the tax rate for income between ₹16 lakh and ₹20 lakh per annum is:
- MGNREGA has played instrumental role in providing safety net for the rural farmers of India. Which of the following can be associated with MGNREGA programm...
- Pradhan Mantri Surakshit Matritva Abhiyaan (PMSMA), launched on June 9, 2016, completes a decade in 2026. Consider the following statements: I. PMSMA prov...
- How much funding has been allocated for the RAMP Scheme over a period of five years?
- Which of the following is not one of the advantages of PM KISAN scheme?
- Under the Ayushman Bharat Digital Mission (ABDM), what is the length of the ABHA number used as a digital health ID?
- The Index of Industrial Production (IIP) provides data for ______ sub-groups of the manufacturing sector.
- What is the central theme of Jal Shakti Abhiyan 2023?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt