API Integration between PM SVANidhi and SBI’s eMudra Portal

Published on October 09, 2020
Current Context: Ministry of Housing and Urban Affairs has launched an Application Programming Interface (API) integration between PM SVANidhi portal and SBI Banks’ eMudra portal.
API Integration between PM SVANidhi and SBI’s eMudra Portal
  • This API integration will allow uninterrupted data flow between these two portals in a secure manner. This will help to accelerate the loan sanctioning and loan disbursement process to the street vendors who want to avail the benefits of PM SVANidhi scheme. 
  • Also, the Ministry of Housing and Urban Affairs is in the process to integrate this PM SVANidhi portal with others banks of India via API integration platform. 
  • Static Part: 
    • Union Minister of Housing and Urban Affairs (IC): Hardeep Singh Puri
  • PM SVANidhi scheme: It was launched by Ministry of Housing and Urban Affairs in June 2020. This scheme aims to offer working capital support by providing affordable loan option to the street vendors. It offers working capital loan of upto Rs 10,000 and is to be paid in monthly installments over a period of 1 year The scheme is implemented by SIDBI. 

Question: 

Q.1 Ministry of Housing and Urban Affairs has launched an Application Programming Interface (API) integration between PM SVANidhi portal and __________?
a. PMJDY portal
b. finmin.nic.in portal
c. e-Sanad portal
d. SBI Banks’s eMudra portal

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