Economics • Indian EconomyEasy
What is the primary objective of the 'PM-SVANidhi' (Prime Minister Street Vendor's AtmaNirbhar Nidhi) scheme?
A. To provide direct cash transfers for constructing pucca houses for urban street vendors
B. To facilitate collateral-free working capital loans to urban street vendors to resume their livelihoods post-pandemic✓ Correct Answer
C. To provide free healthcare insurance coverage to informal sector workers
D. To subsidize solar power installations in municipal vending zones
💡 Solution & Explanation
The PM-SVANidhi scheme was launched to provide collateral-free working capital loans to urban street vendors to help them restart their livelihoods affected by the economic disruptions of the pandemic. It operates as a micro-credit facility with provisions for interest subsidies and digital transaction incentives. Welfare schemes and economic initiatives launched by the central government form an integral part of current affairs questions.
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