Question
Consider the following statements regarding PM SVANidhi
Scheme: I. It is a Central Sponsored Scheme implemented in 2019. II. It provides affordable working capital loans of up to Rs. 50,000. III. It maps the socio-economic profile of beneficiaries and their families. Which of the above is/are not correct?Solution
It is a Central Sector Scheme funded by Ministry of Housing and Urban Affairs. It has been implemented since 1st June 2020, for providing affordable working capital loans to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdowns. Introduction of 3rd loan of up to ā¹50,000 in addition to 1st & 2nd Ā loans of ā¹10,000 and ā¹20,000 respectively. āSVANidhi Se Samriddhiā was launched to map the socio-economic profile of the PM SVANidhi beneficiaries and their families.
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