Question
Download Solution PDFPM SVANidhi Scheme aims to empower ______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Street Vendors.Key Points
- PM SVANidhi Scheme is aimed at empowering street vendors in India.
- The scheme provides financial assistance to street vendors to resume their businesses that were affected during the COVID-19 pandemic.
- The scheme targets over 50 lakh street vendors in urban and rural areas of the country.
- The vendors can avail loans up to Rs. 10,000 which can be repaid in monthly installments within a year.
Additional Information
- On June 1st, 2023, the Ministry of Housing & Urban Affairs (MoHUA) released a mobile app for street vendors (SVs) featuring Prime Minister SVANidhi.
- Street Vendors (SV) can use a mobile app to apply for a loan and a letter of recommendation (LoR) under the PM SVANidhi Scheme.
- Additionally, the SV has access to their cashback history and loan application status.
- According to the Cabinet Committee on Economic Affairs' decision from April 26,2022, the target under the PM SVANidhi Scheme is set at 42 lakh, 12 lakh, and 3 lakh, respectively, by the end of 2024.
Last updated on Jul 10, 2025
-> SSC MTS Notification 2025 has been released by the Staff Selection Commission (SSC) on the official website on 26th June, 2025.
-> For SSC MTS Vacancy 2025, a total of 1075 Vacancies have been announced for the post of Havaldar in CBIC and CBN.
-> As per the SSC MTS Notification 2025, the last date to apply online is 24th July 2025 as per the SSC Exam Calendar 2025-26.
-> The selection of the candidates for the post of SSC MTS is based on Computer Based Examination.
-> Candidates with basic eligibility criteria of the 10th class were eligible to appear for the examination.
-> Candidates must attempt the SSC MTS Mock tests and SSC MTS Previous year papers for preparation.