Economics • Indian EconomyMedium
What is the primary objective of the 'PM SVANidhi' (Pradhan Mantri Street Vendor's Atmanirbhar Nidhi) scheme?
A. Providing affordable housing loans to urban slum dwellers
B. Facilitating collateral-free working capital loans to street vendors to help them resume their livelihoods affected by COVID-19✓ Correct Answer
C. Providing vocational training for digital marketing to rural artisans
D. Offering pension benefits to unorganized sector construction workers
💡 Solution & Explanation
The Pradhan Mantri Street Vendor Atmanirbhar Nidhi scheme provides affordable, collateral-free working capital loans up to a specific limit to urban street vendors to help them restart their livelihoods post the disruptions of COVID-19. It does not cater to urban housing or rural digital marketing, focusing instead on micro-credit access for vulnerable vendors. Administered under the Ministry of Housing and Urban Affairs, the scheme incentivizes timely repayment through interest subsidies and digital transaction rewards.
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