Street vendors can get loan worth Rs 10000 under PMSVA Nidhi Scheme: DC

Ludhiana: The Deputy Commissioner Varinder Kumar Sharma on Wednesday has appealed the street vendors of Ludhiana to avail the loans worth Rs 10,000 under Prime Minister Street Vendor’s Atma Nirbhar Nidhi scheme.

Deputy Commissioner said that the special camps would be held in the banks to receive the applications from the street vendors on every Saturday for which the instructions have already been issued to all branch managers of the banks.

He said that the street vendors need to get certificate of street vendor from Municipal Corporation or Municipal Council in the district which will be  submitted along with application.

He said that vendors can avail of a working capital loan of up to Rs 10,000, which is repayable in monthly instalments in one year.

On timely or early repayment of the loan, an interest subsidy of 7 per cent per annum will be credited to the bank accounts of the beneficiaries, he added.

He appealed all the street vendors of Ludhiana to take maximum benefit of the scheme which is aimed to revive their business affected due to the Covid'