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The Ministry of Housing and Urban Affairs reported that 21.86 lakh loans worth ₹6,294 crore were disbursed to street vendors in the twelve months after PM SVANidhi was restructured.
The Union Cabinet approved the restructuring on 27 August 2025, extending lending to 31 March 2030 with an outlay of ₹7,332 crore.
The restructured phase targets 1.15 crore street vendors, including 50 lakh new beneficiaries.
Loans remain collateral-free and come in three progressive tranches of ₹15,000, ₹25,000 and ₹50,000, with interest subsidy and credit guarantee support.
Vendors who repay the second tranche become eligible for a UPI-linked RuPay credit card with a limit of up to ₹30,000.
Restore and grow a vendor's trading capital without collateral
Key: Three progressive tranches of ₹15,000, ₹25,000 and ₹50,000, with interest subsidy and credit guarantee support
Give repaying vendors a formal revolving credit line
Key: Limit up to ₹30,000, available after repayment of the second tranche
Pull vendors into the formal digital payments system
Key: Cashback of up to ₹1,600 for retail and wholesale digital transactions
Extend social security beyond credit
Key: Socio-economic profiling of vendors and their families and linkage to eight selected central welfare schemes
Improve vendor earnings and compliance
Key: Training in financial literacy, digital literacy and food safety and hygiene in collaboration with FSSAI
GS Paper 2 > Welfare schemes for vulnerable sections; GS Paper 3 > Inclusive growth and financial inclusion
General Awareness > Government schemes, priority sector and financial inclusion
General Awareness > Government schemes
General Awareness > Current Affairs
What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas? 1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages. 2. It enables the beneficiaries in the rural areas to make deposits and withdrawals. Select the correct answer using the code given below.
Answer: Both 1 and 2
'Pradhan Mantri Jan-Dhan Yojana' has been launched for
Answer: promoting financial inclusion in the country
The establishment of 'Payment Banks' is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context? 1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks. 2. Payment Banks can issue both credit cards and debit cards. 3. Payment Banks cannot undertake lending activities. Select the correct answer using the code given below.
Answer: 1 and 3 only
Pradhan Mantri MUDRA Yojana is aimed at
Answer: bringing the small entrepreneurs into formal financial system
What is the purpose of setting up of Small Finance Banks (SFBs) in India? 1. To supply credit to small business units 2. To supply credit to small and marginal farmers 3. To encourage young entrepreneurs to set up business particularly in rural areas. Select the correct answer using the code given below:
Answer: 1 and 2 only
A scheme fully funded and implemented by the Union government, as distinct from a Centrally Sponsored Scheme, whose cost is shared with the states.
Credit advanced without security, made viable here by a credit guarantee that absorbs part of the lender's default risk.
The component that profiles vendor families and links them to eight selected central welfare schemes.
A government payment that reduces the effective interest a borrower pays, released here for timely repayment.