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Urban renewal push in Budget: SHGs may be covered under PM-SVANidhi Micro credit facility for street vendor SHGs

The BJP government aims to give urban renewal a boost in the Interim Budget, focusing on schemes that directly impact the well-being and ease of living for the common man. They plan to extend the Prime Minister Street Vendors AtmaNirbhar Nidhi (PM-SVANidhi) scheme to include self-help groups, providing them with microcredit in three tranches. Additionally, the government is expected to announce the National Urban Development Mission, which will introduce technological innovations in municipal services and infrastructure across 4,500 urban local bodies. The interim budget may also include the CITIIS 2.0 program for circular economy projects and climate action support.

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