● PM SVANidhi scheme : ◦ It was launched by the Ministry of Housing and Urban Affairs, on June 01, 2020. ◦ PM SVANidhi stands for Pradhan Mantri Street Vendors Atmanirbhar Nidhi . ◦ It is a credit facility scheme for rural and urban street vendors. Hence, Option 2 is NOT correct. ◦ Under the scheme Rs 10,000 will be provided to street vendors . ◦ The Street vendors shall return the amount within one year as monthly installments.