6 Views

Question : The Union Government of India launched the PM SVANidhi scheme in June 2020 for the benefit of:

Option 1: farmers

Option 2: small scale industries

Option 3: street vendors

Option 4: migrant labourers


Recommended : Get important details about BEL First Grade College, Bangalore. Download Brochure
Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: street vendors


Solution : The correct answer is street vendors.

Launched on June 1, 2020, the PM Street Vendor's Atmanirbhar Nidhi (PM SVANidhi) scheme is a micro-credit initiative for urban street vendors, offering collateral-free working capital loans up to ₹50,000. It encourages timely repayments with a 7% interest subsidy and provides cashback of up to ₹1,200 annually for digital transactions.

Compare Colleges

College Comparison based on Courses, Placement, Rank, Fee

Compare Now

Know More About

Related Questions

Amity University, Noida BBA A...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
Manav Rachna-MRIIRS B.A Admis...
Apply
Recognized as Category-1 Deemed to be University by UGC | 41,000 + Alumni Imprints Globally | Students from over 20+ countries
Amity University | BCA Admiss...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
UPES | BBA Admissions 2026
Apply
#36 in NIRF, NAAC ‘A’ Grade | 100% Placement, up to 30% meritorious scholarships
Amity University, Noida B.Com...
Apply
Ranked as India’s #1 Not for profit pvt. University by India Today
UPES Dehradun BA Admissions 2026
Apply
Ranked #45 Among Universities in India by NIRF | 1950+ Students Placed, 91% Placement, 800+ Recruiters
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books