New Delhi, Aug. 28 -- The Central government scheme, which also offers UPI-linked Rupay credit cards to street vendors, got an extension of five years.

The Union Cabinet, chaired by Prime MinisterNarendra Modi, has given a thumbs up to the Restructuring and extension of the lending period beyond December 31 of the Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) Scheme. The lending period has now been extended till March 31, 2030, notes the government's press release.

Scheme's total outlay is Rs.7,332 crore, and it aims to benefit 1.15 crore beneficiaries, including 50 lakh new beneficiaries.

The key features of the restructured scheme include enhanced loan amounts across the first and second tranches and the provision of...