CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is Uttar Pradesh. Uttar Pradesh government has secured the 1st rank in PM Atmanirbhar Nidhi Scheme (SVANidhi Scheme) by approving the highest number of loans under the scheme in the country.

Detailed explanation-2: -The Government of India has extended the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme beyond March, 2022 with the following provisions: Extension of lending period till December 2024; Introduction of 3rd loan of upto ₹50, 000 in addition to 1st & 2nd loans of ₹10, 000 and ₹20, 000 respectively.

Detailed explanation-3: -The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched by the Ministry of Housing and Urban Affairs on June 01, 2020 for providing affordable Working Capital loan to street vendors to resume their livelihoodsthat have been adversely affected due to Covid-19 lockdown.

Detailed explanation-4: -It has been implemented since 1st June 2020, for providing affordable working capital loans to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdowns.

Detailed explanation-5: -The Scheme is available for beneficiaries belonging to only those States/UTs which have notified Rules and Scheme under Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014.