PM SVANidhi MCQ - Practice Questions with Answers

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.

PM SVANidhi is a Central Sector micro-credit scheme of the Ministry of Housing and Urban Affairs. It was launched on 1 June 2020 to provide affordable, collateral-free working capital to street vendors affected by the COVID-19 disruption; therefore option B is correct.

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.

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.

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.