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Cabinet approves restructuring & extension of PM SVANidhi scheme

The Business Guardian

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August 28, 2025

The Union Cabinet on Wednesday approved the restructuring and extension of the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme, extending its lending period from the earlier deadline of December 31, 2024, to March 31, 2030.

As per a press release by the Cabinet, the move comes with a total financial outlay of Rs. 7,332 crore and is expected to benefit around 1.15 crore street vendors, including 50 lakh new beneficiaries.

Implementation of the scheme would be the joint responsibility of the Ministry of Housing & Urban Affairs (MoHUA) and the Department of Financial Services (DFS), with DFS being responsible for facilitating access to loans/ credit cards through banks/financial institutions, as well as their ground-level functionaries.

Under the restructured scheme, the loan slabs have been revised. The first tranche loan has been increased to Rs. 15,000 from the earlier Rs. 10,000, and the second tranche enhanced to Rs. 25,000 from Rs. 20,000, while the third tranche remains unchanged at Rs. 50,000.

The Business Guardian से और कहानियाँ

The Business Guardian

The Business Guardian

Joy Personal Care unveils new TVC featuring Sanya Malhotra

Joy Personal Care, the Indian homegrown personal care brand, under the aegis of RSH Global, launched a refreshed campaign for its iconic Skin Fruits Moisturising Cream, featuring versatile actor Sanya Malhotra.

time to read

2 mins

October 30, 2025

The Business Guardian

The Business Guardian

Jaishankar, NZ PM Luxon reaffirm Indo-Pacific partnership

External Affairs Minister S Jaishankar on Monday met with New Zealand Prime Minister Christopher Lux-on on the sidelines of the ASEAN Summit 2025 in Malaysia‘Taking to X, Jais-hankar said, “A pleasure meeting PM @chrislux-onmp of New Zealand on sidelines of #ASEAN2025 meetings. Extended warm greetings from PM @nar-endramodi.”

time to read

1 mins

October 30, 2025

The Business Guardian

PM Modi speaks to his new Japanese counterpart Sanae Takaichi

Prime Minister Narendra Modi spoke to Japan’s new Prime Minister Sanae Takaichi and congratulated her on assuming office.

time to read

1 min

October 30, 2025

The Business Guardian

RailTel posts Total Income of Rs 966 Crore in Q2 of FY26 with a Q-o-Q growth of 27%. Declares interim Dividend of Re.1/ per share

RailTel announced its Operating Income of Rs. 951 Crore in Q2 of FY 26 with QoQ growth of 28% in its 156th Board Meeting held on 29th October, 2025.

time to read

1 min

October 30, 2025

The Business Guardian

The Business Guardian

LG ENERGY SOLUTION ROLLS OUT BATTERY DIAGNOSTIC SERVICE FOR USED EVS

LG Energy Solution has unveiled B.once, a new diagnostic service to assess EV battery health and boost transparency in used-EV transactions.

time to read

1 min

October 30, 2025

The Business Guardian

The Business Guardian

India, EU pledge to seal FTA deal by end of 2025, address issues

Union Commerce Minister Piyush Goyal concluded his visit to Brussels on Tuesday, after having “intense but very productive” engagements with Maros Sefcovic, Commissioner for ‘Trade and Economic Security of the European Union, on the India-EU Free Trade Agreement (FTA) negotiations.

time to read

1 mins

October 30, 2025

The Business Guardian

The Business Guardian

SPICE, AROMA, AND TRADITION IN RAJASTHANI CUISINE

Rajasthani cuisine is a celebration of bold flavors, rustic ingredients, and ingenious cooking techniques, crafted over centuries in the desert state’s harsh climate.

time to read

3 mins

October 30, 2025

The Business Guardian

The Business Guardian

THE EMI ILLUSION: HOW DEBT IS FUELING AND THREATENING INDIA'S MIDDLE-CLASS DREAM

The narrative of India’s economic ascent is often painted with the broad brushstrokes of a burgeoning middle class, one that seemingly possesses all the trappings of modern success: spacious homes, shiny cars, quality education, foreign vacations, and the latest technological gadgets. On the surface, it appears that “good days are here,” a testament to rising prosperity and economic liberalization. However,acloser examination revealsa more precarious reality, one underpinned notby sustainable wealth but by the seductive and often dangerous allure of easy credit. The Indian middle class has, believe it or not, metamorphosed into an “EMI class,” where every aspiration, from theessential to the extravagant, is available for the price ofa few monthly installments. This systemic reliance on debt is not just reshaping consumption patterns; it is forging a debt trap that threatens financial stability, mental peace, and the very foundations of the economic progressit purports to symbolize. The facade of prosperity is cracking under the weight of cumulative liabilities, revealing a deep-seated crisis where dreamsare purchased on credit, and peace of mind is the first casualty.

time to read

7 mins

October 30, 2025

The Business Guardian

The Business Guardian

Della Townships redefines Real Estate with asset-light model

Founded by design futurist Jimmy Mistry, Della Townships is reimagining how India lives, works, and dreams.

time to read

2 mins

October 30, 2025

The Business Guardian

The Business Guardian

Woman killed in Delhi hit-and-run; police trace offending vehicle

Delhi Police on Monday solved a blind hit-and-run case in which a woman injured in the accident was taken to the hospital, where she was declared dead on arrival.

time to read

1 min

October 30, 2025

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