<h1>Continuation of PM SVANidhi scheme extends collateral-free lending and digital payment support for street vendors through extended term.</h1> Cabinet approval extends Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) lending until December 2024, increasing the loan corpus and enhancing budgets for digital payment promotion including cashback. The extension focuses on providing affordable collateral free loans, institutionalizing access to formal credit for street vendors to support business expansion, mitigating potential NPAs for lending institutions, and delivering holistic socio economic upliftment for vendors and their families, citing continued pandemic related stress as the basis for extension.