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      Question

      What was the approved financial outlay for the revamped

      PM SVANidhi scheme by the Union Cabinet?
      A โ‚น6,500 crore Correct Answer Incorrect Answer
      B โ‚น7,332 crore Correct Answer Incorrect Answer
      C โ‚น7,800 crore Correct Answer Incorrect Answer
      D โ‚น8,100 crore Correct Answer Incorrect Answer
      E โ‚น9,000 crore Correct Answer Incorrect Answer

      Solution

      The Union Cabinet, chaired by the Prime Minister, approved a financial outlay of โ‚น7,332 crore for the revamped PM SVANidhi scheme. Initially launched in 2020 to support street vendors during the COVID-19 pandemic, the scheme was to end in December 2024. However, its success led to an extension until 2030, broader coverage, and inclusion of digital features like RuPay credit cards.

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