Consider the following statements about the PM SVANidhi Scheme:
1.        The scheme provides a working capital loan of up to ₹10,000 to street vendors.
2.        Beneficiaries can repay the loan in monthly installments over a period of one year.
3.        The scheme includes a provision for an interest subsidy on timely repayment of the loan.
Which of the above statements are correct?
All three statements are correct. The PM SVANidhi Scheme provides a working capital loan of up to ₹10,000 to street vendors, allows repayment in monthly installments over a period of one year, and includes a provision for an interest subsidy on timely repayment. Â
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