Question

What is the PM SVANIDHI scheme?

• A. A financial assistance program for street vendors
• B. A scholarship program for students from economically disadvantaged backgrounds
• C. A housing scheme for urban slum dwellers
• D. A healthcare initiative for rural areas

Hint:

Connect scheme names with their target beneficiaries for easy recall.
PM SVANIDHI supports street vendors’ financial needs.

Answer 1

The Correct Option is A

PM SVANIDHI (Prime Minister Street Vendor's AtmaNirbhar Nidhi) is a scheme launched by the Government of India to provide affordable working capital loans to street vendors affected by the COVID-19 pandemic.
Step 1: Purpose
The scheme aims to empower street vendors by providing them with loans at low interest rates to restart their businesses and become self-reliant.
Step 2: Benefits
It also encourages digital transactions and offers rewards for timely repayments, promoting financial inclusion.
Hence, option (A) is the correct answer.