Correct option is C
Statement 1:
"It has provided credit assistance to 78 lakh street vendors."
This statement is correct. The Interim Budget 2024 reported that the PM-SVANidhi scheme has benefited 78 lakh street vendors across the country by providing them with much-needed working capital loans to restart their livelihoods, especially after the economic impact of the pandemic.
Statement 2:
"From the total, 2.3 lakh have received credit for the third time."
This statement is also correct. As part of the scheme, vendors who repay their first loan on time are eligible for a second, larger loan, and those who repay the second loan can avail a third loan. According to the Interim Budget 2024, 2.3 lakh street vendors have availed credit under the scheme for the third time, showing the program's success in helping vendors expand their businesses further.
