SVANidhi Yojana is a scheme which has been launched by Hon'ble Prime minister to.
1. To grant collateral-free loans of up to Rs 10,000 to street vendors across the country.
2. To provide grants to fulfill the nutritional demands of women and children in the country.
3. This scheme was launched on June 1, 2020.
Select the correct answer by using the code mentioned below.

Correct option is B

The correct answer is: (b) Only 1 and 3
Explanation:
· PM SVANidhi (Pradhan Mantri Street Vendor’s AtmaNirbhar Nidhi) offers collateral-free workingcapital loans, initially up to ₹10,000, to urban street vendors working before March 24, 2020.
· It was officially launched on 1 June 2020 by the Ministry of Housing & Urban Affairs under the Atmanirbhar Bharat initiative.
· Statement 2 (nutrition grants for women and children) is unrelated to SVANidhi; that refers to schemes like Poshan or Matru Vandana Yojana .
Information Booster:
· The scheme includes progressive loan tranches: ₹10,000 → ₹20,000 → ₹50,000 based on timely repayment.
· Beneficiaries receive an interest subsidy of 7% per annum on timely repayment and cashback incentives (₹50–₹1200/year) for digital transactions.
· Aims to bring street vendors into the formal economy and build credit profiles.
· Mostly bank-financed through SCBs, SFBs, RRBs, NBFCs, etc., with no collateral requirement.
· By October 2023, over ₹9,000 crore in loans disbursed, benefiting over 50 lakh vendors