New Delhi, Aug. 27 -- The union Cabinet, chaired by Prime Minister Narendra Modi, today approved the extension and restructuring of the Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Scheme, extending the lending period to March 31, 2030 with more loan facility.
Launched in 2020, the scheme, with a total outlay of Rs 7,332 crore, aims to benefit 1.15 crore street vendors, including 50 lakh new beneficiaries, said a government statement here.
Key highlights of the restructured scheme include an increase in loan amounts.
The first tranche loans have been raised from Rs 10,000 to Rs 15,000, the second tranche from Rs 20,000 to Rs 25,000, while the third tranche remains at Rs 50,000. A new feature is the introduction of a UPI...