Question
What was the approved financial outlay for the revamped
PM SVANidhi scheme by the Union Cabinet?Solution
The Union Cabinet, chaired by the Prime Minister, approved a financial outlay of ₹7,332 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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