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    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?
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and II only Correct Answer Incorrect Answer

    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 ₹50,000 in addition to 1st & 2nd   loans of ₹10,000 and ₹20,000 respectively. ‘SVANidhi Se Samriddhi’ was launched to map the socio-economic profile of the PM SVANidhi beneficiaries and their families.

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