Atma Nirbhar Nidhi (PM SVANidhi) Scheme

With reference to the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme, consider the following statements:

  1. Under the scheme, vendors can avail working capital loan of up to Rs10,000, which is repayable in monthly instalments within one year.
  2. 2On timely/early repayment of the loan, an interest subsidy of 5 % per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer (DBT) on six-months basis.

Choose the correct answer from the codes given below:

A
Only 1
B
Both 1 and 2
C
Only 2
D
Neither 1 nor 2
Submit