PM SVANidhi Scheme: Supporting Street Vendors
The PM SVANidhi scheme, launched by the Ministry of Housing and Urban Affairs, aims to provide specific support to street vendors.
Scheme Objective Analysis
The primary goal of the PM SVANidhi scheme is directly related to the challenges faced by street vendors, particularly following the disruptions caused by the Covid-19 pandemic.
- Option 1 Incorrect: The scheme is not a tribute to farmers; it targets urban street vendors.
- Option 2 Incorrect: While the scheme contributes to economic activity, its primary stated purpose isn't job creation targets for 2026-27 in this specific manner.
- Option 3 Incorrect: This option describes food product categories, unrelated to the core purpose of PM SVANidhi, which focuses on financial assistance for livelihood.
- Option 4 Correct: The scheme was specifically designed to enable street vendors to resume their businesses after the economic impact of the Covid-19 lockdown. This aligns with the scheme's objective of providing working capital loans.
Conclusion
The PM SVANidhi scheme provides financial assistance to street vendors, allowing them to restart their businesses affected by the Covid-19 lockdown.
