7 hours ago | National

Union Cabinet Approves Restructuring of PM SVANidhi Scheme

The Union Cabinet today approved the restructuring of Prime Minister Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) Scheme. The Cabinet also gave approval for the extension of the lending period beyond 31st December 2024. The lending period has now been extended until 31st March, 2030. The total outlay for the scheme is seven thousand 332 crore rupees. The key features of the restructured scheme include enhanced loan amounts across the first and second tranches, provision of UPI-linked RuPay...