Economics • Indian EconomyHard
Evaluate the objectives and institutional framework of the 'PM-SVANidhi' scheme administered by the Ministry of Housing and Urban Affairs. Who are the primary beneficiaries of this initiative?
A. Large-scale corporate exporters operating in special economic zones
B. Marginal farmers cultivating rainfed agricultural lands in rural districts
C. Urban street vendors seeking working capital loans to resume businesses affected by disruptions✓ Correct Answer
D. Handloom weavers engaged in traditional textile manufacturing cooperatives
💡 Solution & Explanation
The Prime Minister Street Vendor's AtmaNirbhar Nidhi scheme provides affordable working capital loans to urban street vendors to help them resume livelihoods following economic disruptions. Administered under the Ministry of Housing and Urban Affairs, it offers interest subsidies on timely loan repayments and cash-back incentives for digital transactions. Beneficiaries are identified based on vending certificates or surveys conducted by urban local bodies. Financial inclusion of informal sector workers is a major policy objective.
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