Economics • Indian EconomyEasy
What is the main purpose of the 'PM-SVANidhi' scheme?
A. Providing collateral-free working capital loans to urban street vendors✓ Correct Answer
B. Offering crop insurance coverage to small and marginal farmers
C. Financing highway construction across backward districts
D. Providing digital literacy training to rural women self-help groups
💡 Solution & Explanation
The PM-SVANidhi scheme was launched by the Ministry of Housing and Urban Affairs to provide affordable, collateral-free working capital loans to urban street vendors impacted by pandemic disruptions. It incentivizes digital transactions and timely repayments rather than addressing agricultural credit or rural self-help groups.
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