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Street vendor credit card will also be available like Kisan Credit Card. Vendors like vegetables, fruits, gram, groundnut have to take most of the loans which are very expensive. In such a situation, it has also been said in the mandate that street vendor credit card should be made for hawkers on the lines of Kisan Credit Card, so that whenever he needs, he can take loan.

Local bodies in the state will now give loans and vending licenses to street vendors and vendors. Under the Pradhan Mantri Svanidhi Yojana, the Urban Development Department has issued its mandate on Friday. Under this, many facilities will be given to the street vendors.

According to the mandate issued by Secretary-in-charge Vinod Kumar Suman, new vending licenses will be issued by the body to the beneficiary vendors of Pradhan Mantri Svanidhi Yojana for a period of five years. The team of the municipal body will go to the workplace or vending zone of the ferry dealer and issue the license there. Instead of calling them in the body for loan also, the team of the body will have to go there and do the whole process.

On every Friday between 3 pm to 6 pm, you will have to go to the nearest bank branch of the ferry dealer to get the loan passed. The paper formalities are still enough to take advantage of PM Svanidhi Yojana. To reduce these, an app based system will be developed, which will save the time of the bank and the vendor.

It will be the responsibility of every municipal body to save the hawker from going to the bank and send his own team to get his loan cleared. Banks have also been told that since the central government itself has taken the guarantee of loans to the hawkers. Therefore, there will be no reluctance on the part of banks to give loans.

Street vendor credit card will be available like Kisan Credit Card
The hawkers like vegetables, fruits, gram, groundnut mostly have to take loans which are very expensive. Therefore, it has also been said in the mandate that street vendor credit cards should be made for hawkers on the lines of Kisan Credit Card, so that whenever he needs, he can take loan.

This is PM Svanidhi Yojana
Under the scheme, street vendors can take a loan of up to ten thousand rupees with interest subsidy to start their work. On timely repayment of the loan taken in the first time, the beneficiaries of PM Svanidhi become eligible for a loan of up to 20 thousand rupees in the second time and 50 thousand rupees in the third time.


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By udaen

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