Which one of the following is the targeted group under the 'Pradhan Mantri SVanidhi Scheme'?

Option 3 : Street vendors

The correct answer is Street vendors.

Pradhan Mantri Swanidhi Scheme:

• The Ministry of Housing and Urban Affairs (MoHUA) has launched Pradhan Mantri Street Vendor's Atma Nirbhar Nidhi (PM SVANidhi), for providing affordable loans to street vendors. Hence, option 3 is correct.
• The scheme would benefit vendors, hawkers, thelewale and people involved in goods and services related to textiles, apparel, artisan products, barbers shops, laundry services, etc. in different areas.
• The vendors can avail of a working capital loan of up to Rs. 10,000, which is repayable in monthly instalments within a year. The loans would be without collateral.
• It is for the first time that Microfinance Institutions, Non-Banking Financial Companies, Self Help Groups have been allowed in a scheme for the urban poor due to their ground-level presence and proximity to the urban poor including the street vendors.
• There will be no penalty for early repayment of the loan.
• Those who were vending till 24th March 2020 can avail of the benefits of the scheme.