With reference to the PM SVANidhi Scheme, consider the following statements: 1. It is a Centrally Sponsored Scheme. 2. It provides collateral-free working capital loans in three progressive tranches. 3. Vendors who successfully repay the second loan tranche are eligible for UPI-linked RuPay Credit Cards. Which of the statements given above is/are correct? |ForumIAS

Q. With reference to the PM SVANidhi Scheme, consider the following statements:
1.It is a Centrally Sponsored Scheme.
2.It provides collateral-free working capital loans in three progressive tranches.
3.Vendors who successfully repay the second loan tranche are eligible for UPI-linked RuPay Credit Cards.
Which of the statements given above is/are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: B

Notes:

Explanation: PM SVANidhi is a Central Sector Scheme, not a Centrally Sponsored Scheme. It provides collateral-free working capital loans in progressive tranches. Vendors who successfully repay the second tranche are eligible for UPI-linked RuPay Credit Cards.

Source- PIB

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS