RAS question
Which two bodies jointly implement PM SVANidhi?
Correct answer: (C) MoHUA and DFS.
PM SVANidhi is jointly implemented by the Ministry of Housing and Urban Affairs and the Department of Financial Services.
Explanation
PM SVANidhi is a Central Sector Scheme launched on 01.06.2020 by the Ministry of Housing and Urban Affairs to help street vendors restart businesses adversely affected by the Covid-19 pandemic. The DFS Annual Report 2025-2026 says the scheme was originally launched up to 31.03.2022, later extended till 31.12.2024, and then restructured with the lending period extended until 31 March 2030. In that restructured form, the scheme is jointly implemented by MoHUA and DFS. DFS's role is tied to facilitating access to loans and credit cards through banks, financial institutions and their ground-level functionaries, which is why the MoHUA-DFS pairing is the substantive answer.
Why the other options are wrong
- (A) SIDBI and NHB are not the joint implementing bodies named in the official PM SVANidhi passage.
- (B) RBI and NABARD do not match the official implementation pairing, which the report states as MoHUA and DFS.
- (D) MoF and MoRD are wrong because the report identifies MoHUA and DFS specifically, not the Ministry of Rural Development.
Concept
This tests implementation architecture for government schemes under Indian Economy. It recurs in RAS because scheme questions often ask who runs the scheme, not just what benefit it gives.