In which year was the ‘Prime Minister Street Vendor’s AtmaNirbhar Nidhi’ (PM SVANidhi) scheme launched by the Government of India with the objective of providing an affordable working capital loan to street vendors to resume their livelihoods?

Correct option is D

The correct answer is (d) 2020.
· The PM SVANidhi (Prime Minister Street Vendor’s AtmaNirbhar Nidhi) scheme was launched by the Government of India in June 2020.
· The scheme aimed to provide street vendors with affordable working capital loans, enabling them to resume their livelihoods after the economic impact of the COVID-19 pandemic.
· Under the scheme, street vendors can avail themselves of an initial loan of up to ₹10,000, with provisions for higher loan amounts on timely repayment.
Additional Information:
· The PM SVANidhi scheme is part of the AtmaNirbhar Bharat (Self-Reliant India) initiative, focusing on economic self-sufficiency.
· It also offers incentives like interest subsidies and digital payment rewards, encouraging financial inclusion and helping vendors transition towards formal financial services.