Which of the following statements regarding the PM SVANidhi Scheme are incorrect?
1.        The scheme is exclusively for urban street vendors.
2.        Beneficiaries of the scheme are eligible for a subsequent loan with higher credit limit upon timely repayment.
3.        The scheme offers a cash grant to street vendors.
Select the correct answer using the code given below:
Statement 3 is incorrect. The PM SVANidhi Scheme does not offer a cash grant to street vendors; instead, it provides a working capital loan. Statements 1 and 2 are correct.
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