Consider the following statements about the PM Street Vendor’s Aatmanirbhar Nidhi (PM SVANidhi) scheme:

  1.  It provides collateral-free working capital loans to street vendors.
  2. The maximum loan amount for the first cycle is ₹20,000.
  3. Interest subsidy of 7% is provided.

Which of the above statements are correct?

1
1 only
2
1 and 3 only
3
2 and 3 only
4
All of the above
5
None of the above

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