For Quick Alerts
For Daily Alerts

Govt Announces Special Credit Facility For 50 Lakh Street Vendors Worth Rs 5k Crore

By Staff

In the second tranche of announcements towards the Aatma Nirbhar Bharat Package as relief towards the COVID-19 crisis, Finance Minister Nirmala Sitharaman on Thursday announced a special credit facility of Rs 5,000 crore for street vendors which will be launched by the government within a month.

Govt Announces Special Credit Facility For 50 Lakh Street Vendors Worth Rs 5k Cr

Sitharaman said the scheme will facilitate easy access to credit for street vendors who have been largely affected by the nationwide lockdown. Around 50 lakh street vendors are expected to benefit from this scheme as they restart their businesses once the lockdown is lifted.

Initial working capital of up to Rs 10,000 per person will be made available under this facility, the finance minister added.

Read more about: nirmala sitharaman coronavirus
Story first published: Thursday, May 14, 2020, 17:43 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more