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1,500 more street vendors to be given loan


1,500 more street vendors to be given loan
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Street vendors submitting online applications for obtaining loan in Erode on Sunday.  
Under the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi), the Corporation has planned to cover 1,500 additional vendors so that they can get loan of ₹ 10,000 each to develop their business.
Since street vendors were severely affected by the COVID-19 lockdown, the Ministry of Housing and Urban Affairs had launched the special micro-credit facility scheme in June to provide affordable loans to them to resume their business. Street vendors, who had received the Certificate of Vending (CoV) by the Town Vending Committee, could get loan of ₹ 10,000 under the scheme at 4% interest. Initially, 736 vendors had registered with the Corporation and their applications were submitted online. Canara Bank at Karungalpalayam branch sanctioned the loan and all the street vendors received the loan in t ....

Town Vending Committee , Ministry Of Housing , Canara Bank At Karungalpalayam , Atmanirbhar Nidhi , Urban Affairs , நகரம் விற்பனை குழு , அமைச்சகம் ஆஃப் வீட்டுவசதி , கனரா வங்கி இல் கருங்கல்பழயம் , நகர்ப்புற வாழ்க்கைத்தொழில்கள் ,