economics easy Fill in the Blank

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

  1. destination (or consumption)
  2. street vendors
  3. FEMA
  4. Current

Answer: street vendors

Street vendors operate in the informal cash economy and lack the credit history or collateral required by formal banks. PM SVANidhi (Street Vendor's AtmaNirbhar Nidhi) provided them with quick, small-ticket loans to restart their businesses, purchase inventory, and sustain their livelihoods without falling into the debt trap of local, high-interest informal moneylenders.

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