Tuesday, October 27, 2020

GHMC identifies 77,939 street vendors under PM SVANidhi scheme

Must Read

B’luru police arrests 2 in IPL cricket betting racket

Bengaluru, Oct 27 : The Bengaluru Central Crime Branch Police on Tuesday arrested two persons allegedly involved in cricket...

Vaani Kapoor has a great year with 3 big films lined up

Mumbai, Oct 27 : Actress Vaani Kapoor has three big films coming up and says she cannot deny that...

Apple likely to release new Airpods and Airpods Pro: Report

Los Angeles: Tech giant Apple is all set to bring out new versions for its Airpods lineup, with the...

Hyderabad: In its efforts to provide financial assistance to street vendors who lost their livelihood due to the COVID-19 crisis, Greater Hyderabad Municipal Corporation (GHMC) identified as many as 77,939 street vendors and issued identity cards to 58,435 of them.

This will facilitate the street vendors to seek loans under the Pradhan Mantri Street Vendors Atma Nirbhar Nidhi (PM SVANidhi) scheme, launched by the central government. Loans have already been issued to 9,425 vendors, the statement issued by GHMC read.

Municipal Administration and Urban Development Principal Secretary Arvind Kumar is a member of the National Steering Committee under the PM SVANidhi, which was launched on June 1 as a special micro-credit facility scheme for providing affordable loans to street vendors to resume their livelihoods that have been adversely affected by the pandemic.

As a part of this scheme, each street vendor will be sanctioned a loan up to Rs. 10,000 at an interest rate of seven per cent, which can be repaid in 12 equated monthly installments (EMI).  The interest paid will be reimbursed under this scheme.

To promote digital transactions, an additional Rs.100 per month will be provided on all transactions done digitally. This will in turn reduce the EMI amount paid by the vendors.

Subscribe us on The Siasat Daily - Google NewsThe Siasat Daily - Google News

Latest News

B’luru police arrests 2 in IPL cricket betting racket

Bengaluru, Oct 27 : The Bengaluru Central Crime Branch Police on Tuesday arrested two...

Vaani Kapoor has a great year with 3 big films lined up

Mumbai, Oct 27 : Actress Vaani Kapoor has three big films coming up and says she cannot deny that 2020 has been great for...

Apple likely to release new Airpods and Airpods Pro: Report

Los Angeles: Tech giant Apple is all set to bring out new versions for its Airpods lineup, with the wireless earphones likely to see...

Tax collection in Hyderabad dips by 24.1% amidst pandemic

Hyderabad: As the businesses are reeling under the impact the COVID-19 induced lockdown, the overall tax collections up to October 17, 2020-21 fell to Rs....

Priyanka Chopra celebrates 20 years of being crowned Miss World

California: Celebrating what can be termed one of the most cherished moments of her life, superstar Priyanka Chopra Jonas on Tuesday reminisced the moment...

More Articles Like This