economics easy Fill in the Blank

The PM SVANidhi scheme was launched during the pandemic to provide affordable working capital loans of up to Rs. 10,000 specifically to ___, who were severely impacted by the lockdowns.

  1. street vendors
  2. Refinery Products
  3. multiplier
  4. National Income

Answer: street vendors

Street vendors operate entirely in the informal cash economy and rarely possess the collateral required for traditional bank loans. PM SVANidhi (Street Vendor's AtmaNirbhar Nidhi) provided collateral-free, short-term micro-credit with an interest subsidy to help them restart their small businesses and sustain their livelihoods without falling into the debt trap of local moneylenders.

Topic Indian Economy - Schemes
Exam Relevance SSC, Railway, UPSC
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