Under the revised PM SVANidhi scheme, street vendors get collateral-free working-capital loans in tranches of:
- A₹10,000, ₹20,000 and ₹50,000
- B₹20,000, ₹40,000 and ₹60,000
- C₹15,000, ₹25,000 and ₹50,000
- D₹10,000, ₹25,000 and ₹1 lakh
Show answer and explanation
Correct answer: (c) ₹15,000, ₹25,000 and ₹50,000
Explanation
The restructured scheme raised the first two loans to ₹15,000 and ₹25,000; the third stays ₹50,000. It began in June 2020 under MoHUA, with the Department of Financial Services.