Current Affairs - National - Discussion

The Union Cabinet has approved the restructuring of the PM SVANidhi Scheme and extended its lending operations till 31 March 2030. This extension provides a longer financial window for street vendors and small businesses to access affordable credit. With a total outlay of ₹7,332 crore, the scheme also introduces features like UPI-linked RuPay Credit Cards for eligible beneficiaries and digital cashback incentives to promote digital transactions. Additionally, coverage is widened beyond statutory towns to include census towns and peri-urban areas, thereby ensuring greater inclusivity and long term support for grassroots entrepreneurship.