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.
- destination (or consumption)
- street vendors
- FEMA
- 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.