PM SVANidhi Scheme : More than 50 lakh Street Vendors covered

The PM SVANidhi scheme has achieved a milestone by extending its support to more than 50 lakh street vendors across the nation. Street vendors are essential to the urban informal economy and provide vital goods and services.

  1. The scheme, initiated by the Ministry of Housing and Urban Affairs, aims to formalize the street vending sector and create opportunities for economic growth.
  2. Prime Minister Narendra Modi has pushed for the expansion of the scheme, leading to revised targets.
  3. The scheme, launched on June 1, 2020, offers collateral-free working capital loans of up to 50 thousand rupees to urban street vendors.

MCQs

Q.: What is the main objective of the PM SVANidhi scheme?

A) To provide housing to street vendors
B) To offer free healthcare to street vendors
C) To provide collateral-free working capital loans to street vendors
D) To promote street vending as a career option

Ans : C) To provide collateral-free working capital loans to street vendors

Q.: What is the maximum amount of working capital loan offered under the PM SVANidhi scheme?

A) 10 thousand rupees
B) 25 thousand rupees
C) 50 thousand rupees
D) 1 lakh rupees

Ans : C) 50 thousand rupees

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