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Question

Difficulty: EasySocial Sector Initiatives, Welfare Schemes, and Social Security Architecture

Which Ministry serves as the nodal administrative agency for implementing the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme in India?

  1. Ministry of Housing and Urban AffairsAnswer
  2. B
    Ministry of Micro, Small and Medium Enterprises
  3. C
    Ministry of Finance
  4. D
    Ministry of Labour and Employment

Answer

The Ministry of Housing and Urban Affairs serves as the nodal administrative agency for the PM SVANidhi scheme.
The PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme was launched by the Ministry of Housing and Urban Affairs (MoHUA) to provide affordable working capital micro-loans to urban street vendors, facilitating their economic rehabilitation.

Step-by-Step Solution

1
Identify the target beneficiary demographic of the PM SVANidhi scheme.
PM SVANidhi was created to provide collateral-free micro-credit loans to street vendors operating in urban areas.
Understanding the targeted population helps locate which central government department holds administrative jurisdiction.
2
Map the target sector to its corresponding central nodal ministry.
Urban livelihoods and street vending regulations fall directly under the Ministry of Housing and Urban Affairs (MoHUA).
Central government welfare schemes designate nodal ministries based on sectoral governance domains.

Key Concept

Nodal Ministries for Social Welfare and Social Security Initiatives
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Topics

Social Sector Initiatives, Welfare Schemes, and Social Security Architecture