<h1>2025 Union Budget Boosts Street Vendors' Income, Urban Living; Introduces Rs 1 Lakh Crore Urban Challenge Fund</h1> The Union Budget for 2025-26, as announced by the Union Housing and Urban Affairs Minister, is set to significantly enhance the income of street vendors and improve urban living standards. A key feature is the Rs 1 lakh crore Urban Challenge Fund, reflecting the government's commitment to sustainable urban development. The budget focuses on transformative reforms in urban development, housing, and infrastructure, aiming to modernize cities and improve infrastructure. The revamped PM SVANidhi scheme will provide street vendors with better access to bank loans and UPI-linked credit cards, further empowering them and enhancing their economic prospects.