MCQ

PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) 2.0 MCQ - Practice Questions with Answers

Solve 5 PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) 2.0 questions for RAS/RPSC preparation.

Practice questions

Q1Consider the following statements about the restructured PM SVANidhi: 1. It targets 1.15 crore beneficiaries, including 50 lakh new beneficiaries. 2. Its lending period has been extended until 31 March 2030. 3. The third-tranche loan ceiling has been increased from ₹50,000 to ₹75,000. 4. Digital cashback of up to ₹1,600 is available for retail and wholesale transactions. Which of the statements given above are correct?

A 1 and 2 only

B 2, 3 and 4 only

C 1, 3 and 4 only

D 1, 2 and 4 only

Explanation

Statements 1, 2 and 4 reproduce the approved beneficiary target, the extended lending deadline and the digital cashback ceiling. Statement 3 is incorrect: the first and second tranche ceilings rose to ₹15,000 and ₹25,000, but the third tranche remained unchanged at ₹50,000.

Q2What is the total outlay approved for the restructured PM SVANidhi scheme?

A ₹7,332 crore

B ₹6,332 crore

C ₹13,797 crore

D ₹6.09 lakh crore

Explanation

The Union Cabinet approved a total outlay of ₹7,332 crore for the restructured PM SVANidhi scheme. The figures ₹13,797 crore and ₹6.09 lakh crore describe past loan disbursal and digital-transaction value respectively, so they cannot represent the approved outlay.

Q3Which one of the following correctly describes the expanded geographical coverage of the restructured PM SVANidhi?

A Only statutory towns are covered, with rural and peri-urban areas excluded

B All villages are covered immediately without any phased expansion

C Coverage expands beyond statutory towns to census towns and peri-urban areas in a graded manner

D Coverage is restricted to state capitals and million-plus cities

Explanation

The restructured scheme broadens its reach beyond statutory towns to census towns and peri-urban areas, with the expansion to occur in a graded manner. It neither confines coverage to large cities nor promises immediate universal inclusion of every village.

Q4Under the restructured PM SVANidhi, what is the correct sequence of maximum loan amounts for the first, second and third tranches?

A ₹10,000; ₹20,000; ₹50,000

B ₹15,000; ₹25,000; ₹50,000

C ₹15,000; ₹30,000; ₹50,000

D ₹25,000; ₹50,000; ₹75,000

Explanation

The restructuring raised the first-tranche ceiling from ₹10,000 to ₹15,000 and the second-tranche ceiling from ₹20,000 to ₹25,000. The third tranche remained unchanged at ₹50,000. Therefore, the correct order is ₹15,000, ₹25,000 and ₹50,000.

Q5Which one of the following statements about the new credit-card provision under the restructured PM SVANidhi is incorrect?

A The card is available to every applicant before repayment of the first loan

B It is a UPI-linked RuPay Credit Card

C It is meant for beneficiaries who have repaid the second loan

D It provides immediate access to credit for emergent business and personal requirements

Explanation

The incorrect statement is A. The restructured scheme provides a UPI-linked RuPay Credit Card to beneficiaries who have repaid the second loan, not to every applicant before repayment of the first loan. Its purpose is immediate access to credit for emergent business and personal needs.

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