Economics • Indian EconomyMedium
What is the core economic purpose of the 'PM-SVANidhi' scheme as implemented across urban local bodies in Uttarakhand for street vendors?
A. To provide affordable working capital micro-loans to restart businesses affected by disruptions, encouraging digital transactions✓ Correct Answer
B. To relocate all street vendors to permanent industrial estates outside state boundaries
C. To levy heavy luxury taxes on street food vending carts
D. To nationalize all retail vending operations under state management
💡 Solution & Explanation
Pradhan Mantri Street Vendor AtmaNirbhar Nidhi provides collateral-free working capital loans to urban street vendors, including those in Uttarakhand municipal towns, helping them resume livelihoods and incentivize digital payments through cashback rewards. Urban local bodies facilitate identification and loan disbursement. Timely repayment qualifies vendors for enhanced credit limits.
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