New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following Statements and choose the option

    with wrong Statement(s). I- PM SVANidhi is a Centrally Sponsored Scheme. II- It was launched in 2020. III- Beneficiaries are also eligible for the second tranche of loan up to 20,000 with 18 months tenure after timely repayment of the first tranche
    A I & II Correct Answer Incorrect Answer
    B II & III Correct Answer Incorrect Answer
    C Only I Correct Answer Incorrect Answer
    D I, II, III Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    PM Street Vendor's Atmanirbhar Nidhi Scheme (PM SVANidhi): This is a Central Sector Scheme launched on 1 June 2020, to empower street vendors by extending working capital loans of up to 10,000 with a one-year tenure and free onboarding of beneficiaries on digital payment platforms. Beneficiaries are also eligible for the second tranche of loan up to 20,000 with 18 months tenure after timely repayment of the first tranche.

    Practice Next

    Relevant for Exams: