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 Jun 30, 2025
-> As per the notice published on 30th June 2025, the Staff Selection Commission has announced an extension for the application form correction window. Candidates can now make the required changes in their applications until 1st July 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 will be 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.