Q. With reference to ‘PM-SVANidhi yojana’ consider the following statements:
1.The scheme has been launched by the Ministry of Housing and Urban Affairs.
2.The scheme aims at providing special credit facilities for housing loans to the privileged class.
Select the correct statements using the code given below:
Answer: A
Notes:
Explanation –
Statement 1 is correct. PM-SVANidhi yojana was launched by the Ministry of Housing and Urban Affairs.
Statement 2 is incorrect. It is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 with low rates of interest for a period of one year.
Source: The Indian Express
