Question : The Union Government of India launched the PM SVANidhi scheme in June 2020 for the benefit of:
Option 1: farmers
Option 2: small scale industries
Option 3: street vendors
Option 4: migrant labourers
Correct Answer: street vendors
Solution : The correct answer is street vendors .
Launched on June 1, 2020, the PM Street Vendor's Atmanirbhar Nidhi (PM SVANidhi) scheme is a micro-credit initiative for urban street vendors, offering collateral-free working capital loans up to ₹50,000. It encourages timely repayments with a 7% interest subsidy and provides cashback of up to ₹1,200 annually for digital transactions.
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