Cabinet Extends PM SVANidhi Scheme to 2030
In News
What Happened
Why It Matters
Background
History & Context
What Changed
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BEFORE: First tranche working capital loan limit was Rs 10,000. NOW: First tranche limit is increased to Rs 15,000.
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BEFORE: Second tranche loan limit was Rs 20,000. NOW: Second tranche limit is increased to Rs 25,000.
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BEFORE: The scheme's mandate was set to expire in December 2024. NOW: The scheme is extended for five more years until March 2030.
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BEFORE: Scheme coverage was largely focused on vendors within statutory Urban Local Bodies (ULBs). NOW: Coverage is formally expanded to include street vendors in peri-urban areas and census towns.
Prelims Angle
NCERT Connection
Practice Questions
Q1
Correct Statement(s)Which of the following statements regarding the restructured PM SVANidhi scheme (extended to 2030) is/are correct? 1. The working capital loan limit for the first tranche has been increased to Rs 15,000. 2. The scheme's coverage is strictly restricted to statutory towns and excludes census towns.