MCQ
PM SVANidhi MCQ - Practice Questions with Answers
Solve 7 PM SVANidhi questions for RAS/RPSC preparation.
Practice questions
Q1Which option correctly describes both the statutory eligibility anchor and the post-repayment credit facility under PM SVANidhi?
The Street Vendors Act, 2014 requires vendor identification through mechanisms such as the Certificate of Vending, which anchors PM SVANidhi eligibility. Separately, a vendor who successfully repays the second loan may receive a UPI-linked RuPay credit card with a limit up to ₹30,000. Hence option B correctly joins both features.
Q2Consider the following statements about PM SVANidhi: 1. Lending under the restructured scheme can continue up to 31 March 2030. 2. Liabilities for interest subsidy, credit guarantee and digital incentives can be serviced up to 31 March 2033. Which of the statements given above is/are correct?
Both statements are correct and describe different time horizons. Fresh lending under the restructured PM SVANidhi scheme may continue through 31 March 2030, while the resulting obligations for interest subsidy, credit guarantee and digital incentives may be serviced through 31 March 2033.
Q3Arrange the three revised PM SVANidhi working-capital loan tranches in the correct order of maximum amount and repayment period, from the first tranche to the third tranche.
The revised progressive ceilings and tenures are ₹15,000 for 12 months in the first tranche, ₹25,000 for 18 months in the second, and ₹50,000 for 36 months in the third. Timely or early repayment of the preceding loan unlocks each higher tranche, making option C correct.
Q4Under the restructuring of PM SVANidhi approved on 27 August 2025, what are the total outlay and the beneficiary target respectively?
The Union Cabinet approved the restructuring on 27 August 2025 with a total outlay of ₹7,332 crore. Its target is 1.15 crore beneficiaries, of whom 50 lakh are to be new beneficiaries. Thus the paired figures in option A alone are both correct.
Q5Under the 'Street Food Hub' initiative of PM SVANidhi, match List I with List II and select the correct answer using the codes given below: List I (Component of financial support) A. First instalment of the assistance B. Second instalment of the assistance C. Instalment released after completion of the project D. Incentive for a city that has notified its Street Vending Plan List II (Amount or share) 1. Rs 25 lakh 2. 30 per cent 3. 50 per cent 4. 20 per cent
Each approved Street Food Hub project receives Rs 4 crore, released in three instalments: 30 per cent as the first instalment (A-2), 50 per cent as the second (B-3) and the remaining 20 per cent after completion (C-4). Separately, a city that has notified its Street Vending Plan receives an incentive of Rs 25 lakh (D-1). Hence the correct match is A-2, B-3, C-4, D-1. Option A wrongly swaps the first and second instalments; option C wrongly ties the post-completion instalment to the Rs 25 lakh incentive; option D wrongly makes the first instalment 20 per cent.
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More questions
6With reference to the 'Street Food Hub' initiative under PM SVANidhi, consider the following statements: 1. The Ministry of Housing & Urban Affairs proposes to establish up to 50 Street Food Hubs across the country. 2. Each approved Street Food Hub project receives financial assistance of Rs 4 crore, released in two equal instalments. Which of the statements given above is/are correct?
7Which ministry administers PM SVANidhi as a Central Sector micro-credit scheme for street vendors?