The Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme for micro-credit completed how many years in June 2023?

Correct option is C

The correct answer is option (C) 3 years

• The PM SVANidhi Scheme was launched by the Ministry of Housing and Urban Affairs (MoHUA) in June 2020 to provide affordable micro-credit to street vendors who were affected by the COVID-19 pandemic.
  

Information Booster :-

• The scheme offers working capital loans with minimal documentation, at affordable interest rates, and with a repayment period of 12 months.
  
• The vendors can avail loans of up to ₹10,000 in the first cycle, which can be used for working capital to restart their businesses.
• They can also apply for additional loans based on their repayment history.
  
• The scheme completed 3 years in June 2023, with millions of street vendors benefiting from the financial assistance.