Economics • Indian EconomyEasy
What is the primary aim of the 'PM-SVANidhi' scheme?
A. To provide micro-credit facility working capital loans to street vendors affected by economic disruptions.✓ Correct Answer
B. To construct affordable housing complexes for urban migrant laborers.
C. To provide vocational skill training to unemployed youth in rural districts.
D. To extend health insurance coverage to unorganized sector construction workers.
💡 Solution & Explanation
The PM-SVANidhi scheme was launched to provide collateral-free working capital loans to urban and peri-urban street vendors whose businesses suffered during pandemic disruptions. It incentivizes digital transactions and timely loan repayments through interest subsidies and credit upgrades. Other government initiatives cater to housing, skill development, or health insurance for different beneficiary segments.
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