Current Affairs: Passage of the Day - 19 July 2024 | Current Affairs & General Knowledge - CLAT PDF Download

Directions: Read the passage carefully and answer the questions that follow.
Madhya Pradesh has secured the first place under the 'Best Performing State' category in the Prime Minister SVANidhi scheme, the Union housing and urban affairs ministry said on Thursday. The micro-credit scheme for urban street vendors, which provides collateral-free loans up to Rs 50,000, was launched by the Narendra Modi government in 2020 during the COVID-19 outbreak.
In a statement, the ministry said after Madhya Pradesh, Assam has been ranked second in the 'Best Performing States- Innovation and Best Practices Award' category.
In the 'Best Performing ULBs - Loan Performance with mega and million plus cities' category, the Municipal Corporation of Delhi (MCD) has received the first place, followed by the Bruhat Bengaluru Mahanagara Palike (BBMP) and the Ahmedabad Municipal Corporation.
Union Housing and Urban Affairs Minister Manohar Lal Khattar gave away the awards to the winners.
Union Minister of State for Housing and Urban Affairs Tokhan Sahu was also present at the event.
The awards in the the National Urban Livelihood Mission (DAY-NULM) was also announced, with Kerala topping the chart in the category of 'Systematic Progressive Analytical Real Time Ranking (SPARK), followed by Uttar Pradesh and Rajasthan, the statement stated.
[Excerpt from Economic Times “Madhya Pradesh Tops Best Performing State in SVANidhi Scheme” Dated 19/07/24]

Q1: Which state was recognized as the best performer in the Prime Minister SVANidhi scheme's “Best Performing State” category?
(a) Assam
(b) Uttar Pradesh
(c) Madhya Pradesh
(d) Kerala

View Answer  

Ans: (c) Madhya Pradesh
Sol: Madhya Pradesh was awarded as the best-performing state in the Prime Minister SVANidhi scheme's “Best Performing State” category for its successful adoption of the micro-credit program.

Q2: What does the Prime Minister SVANidhi scheme provide to urban street vendors?
(a) Free training programs
(b) Subsidies for equipment
(c) Collateral-free loans up to ₹50,000
(d) Free health care

View Answer  

Ans: (c) Collateral-free loans up to ₹50,000
Sol: The Prime Minister SVANidhi scheme offers collateral-free loans up to ₹50,000 to urban street vendors.

Q3: Which state won the second place in the “Best Performing States – Innovation and Best Practices Award” category?
(a) Madhya Pradesh
(b) Kerala
(c) Assam
(d) Uttar Pradesh

View Answer  

Ans: (c) Assam
Sol: Assam won second place in the “Best Performing States – Innovation and Best Practices Award” category.

Q4: Which urban local body (ULB) was recognized as the top performer in handling loans?
(a) Ahmedabad Municipal Corporation
(b) Bruhat Bengaluru Mahanagara Palike (BBMP)
(c) Municipal Corporation of Delhi (MCD)
(d) Municipal Corporation of Mumbai

View Answer  

Ans: (c) Municipal Corporation of Delhi (MCD)
Sol: The Municipal Corporation of Delhi (MCD) was recognized as the top performer among urban local bodies in handling loans.

Q5: What is the primary goal of the PM SVANidhi scheme?
(a) To increase online shopping
(b) To improve street vendors' living conditions and financial stability
(c) To provide free housing for street vendors
(d) To promote foreign investment in India

View Answer  

Ans: (b) To improve street vendors' living conditions and financial stability
Sol: The primary goal of the PM SVANidhi scheme is to improve the living conditions and financial stability of street vendors by providing them with loans.