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

    Question

    What is the objective of the PM SVANidhi scheme launched

    by Housing and Urban Affairs Minister Hardeep Singh Puri?
    A To provide only financial assistance to street vendors during the COVID-19 pandemic. Correct Answer Incorrect Answer
    B To encourage street vendors to become entrepreneurs and start their own businesses. Correct Answer Incorrect Answer
    C To provide housing and urban facilities to street vendors. Correct Answer Incorrect Answer
    D To support street vendors in achieving self-employment, self-sustenance, and self-confidence. Correct Answer Incorrect Answer
    E To educate street vendors about COVID-19 safety measures and protocols. Correct Answer Incorrect Answer

    Solution

    Housing and Urban Affairs Minister Hardeep Singh Puri launched a PM SVANidhi mobile app for street vendors, to ease the loan application process and provide various information to them regarding the scheme. The scheme aims to restore self-employment, Self-Sustenance, and Self-Confidence among street vendors. The scheme has also empowered COVID-19-affected street vendors to resume their livelihood.

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