MCQ
PM SVANidhi MCQ - Practice Questions with Answers
Solve 1 PM SVANidhi questions for RAS/RPSC preparation.
Practice questions
Q1With reference to PM SVANidhi, consider the following statements: 1. It was launched to provide collateral-free working-capital loans to urban street vendors. 2. By 12 July 2026, more than 1.15 crore loans worth over ₹18,475 crore had been extended under the scheme. Which of the statements given above is/are correct?
Explanation
Both statements are correct. PM SVANidhi was launched on 1 June 2020 to provide collateral-free working-capital loans to urban street vendors. By 12 July 2026, 76.95 lakh vendors had received more than 1.15 crore such loans worth over ₹18,475 crore.
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