Indian Polity · Polity
With reference to the PM SVANidhi scheme, consider the following statements: I. The scheme is a Central Sector Scheme launched to provide collateral-free working capital loans to street vendors to restart their businesses. II. In addition to urban vendors, the scheme's eligibility extends to vendors from surrounding peri-urban and rural areas who have a Letter of Recommendation (LoR). III. The interest subsidy for timely repayment is fixed at 7% per annum, and it is credited to the beneficiary's account on a quarterly basis. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II, and III✓
- 2Only I and III
- 3Only II and III
- 4Only I and II
Correct answer
I, II, and III
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