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

    Question

    Which central government scheme has provided a platform

    for financial inclusion by facilitating the street vendors to carry out digital transactions?
    A PM SVANidhi Correct Answer Incorrect Answer
    B PM Mudra Correct Answer Incorrect Answer
    C PM Cares Correct Answer Incorrect Answer
    D PM KISAN Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    In line with the Digital India vision, PM SVANidhi has also provided a platform for financial inclusion by facilitating the street vendors to carry out digital transactions.Street vendors have recorded 37.70 crore digital transactions to the tune of more than Rs. 45,000 crore. PM SVANidhi -Ministry of Housing & Urban Affairs launched a scheme PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) to empower Street Vendors by not only extending loans to them, but also for their holistic development and economic upliftment. To provide handholding support to street vendors, Ministry of Housing and Urban Affairs (MoHUA) launched PM SVANidhi a micro credit scheme, facilitating a working capital collateral free loan of ₹10,000, with subsequent loans of ₹20,000 and ₹50,000 with 7% interest subsidy.

    Practice Next

    Relevant for Exams: