3) PM SVANidhi Flashcards
1
Q
What does it stand for ?
A
Pradhan Mantri Street vendors AtmaNirbhar Nidhi
2
Q
Who has launched this scheme ?
A
Ministry of Housing and Urban Affairs
3
Q
Explain the scheme ?
A
It is a microcredit facility scheme to enable more than 50 lakh urban and rural street vendors to restart their livelihoods affected due to lockdown
4
Q
Purpose ?
A
To help to kick start activity for vendors who had no income since 25th March
5
Q
What is the max amount of loan per street vendor ?
A
Rs 10k without any security . However if they return in time they will get 7% annual interest amount as subsidy
6
Q
Implementation partner ?
A
SIDBI
