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On the occasion of the second anniversary of the Prime Minister Street Vendor's AtmaNirbharNidhi (PM SVANidhi) scheme, the Housing and Urban Affairs Minister, Hardeep Singh Puri, launched the ‘SVANidhi Mahotsav’. Identify the incorrect statement regarding the scheme: (i) The Ministry of Housing & Urban Affairs launched the PM Street Vendor's AtmaNirbharNidhi (PM SVANidhi) scheme. (ii) The vendors availing loans under the scheme are eligible to get an interest subsidy of 5%. (iii) The scheme is a Central Sector Scheme.

1. Only (i)
2. Only (ii)
3. Only (iii)
4. Both (i) & (ii)

Correct answer: Only (ii)

Solution

Statement (i) is correct because PM SVANidhi was launched by the Ministry of Housing and Urban Affairs. Statement (iii) is also correct because it is a Central Sector Scheme. Statement (ii) is incorrect because the interest subsidy is not 5%.

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