Explanation:

About PM SVANidhi

• It is a Special Micro-Credit Facility for Street Vendors launched by the Ministry of Housing and Urban Affairs.
• It will provide affordable Working Capital loans to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdown.
• This scheme targets to benefit over 50 lakh Street Vendors. 
• Under the Scheme, the vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly instalments in the tenure of one year. 
• On timely/early repayment of the loan, an interest subsidy @ 7% per annum will be credited to the bank accounts of beneficiaries through Direct Benefit Transfer on quarterly basis. 
• Implemented by: SIDBI will implement the PM SVANidhi Scheme under the guidance of MoHUA.

Hence only statement 2nd is correct.