Bangalore, August 24 (Karnataka News): All street hawkers in the country will be given Rs. 10,000 at per 7% interest free loans and lakhs of people have benefited from this. said Union Minister of State for Finance Dr. Bhagwat Krishnarao Karad He said this at the progress review meeting of the one-day zonal convention of 7 states (Karnataka, Andhra Pradesh, Tamil Nadu, Kerala, Telangana, Andaman and Nicobar and Puducherry) held at a private hotel in the city today.
This PM self-funding scheme aims to reach out to the street hawkers by joining hands with the Ministries of Finance, Housing and Urban Development to rehabilitate street hawkers who have suffered financial hardship due to the Covid crisis. Launched in June 2020, under this scheme, poverty families have the opportunity to transform into middle class families
Rs.10 thousand to each trader under this scheme. Not only is it available through the bank in the form of a loan, the government also pays a percentage of this. Pays 7% interest. The rest of the outstanding interest will have to be paid by the traders. Subsidies are also given to encourage digital payments, he said.No banks can reject applications under PM Self-Funding Scheme. PM aims to provide loans to a total of 51 lakh street vendors in the country, out of which 39 lakh people have taken loans. Traders should open a Jan-Dhan account and link it with Aadhaar. Then the city should be registered with local bodies.In Karnataka, the target is to provide loans to 4.40 lakh beneficiaries under this scheme and 3,20,000 people will be given loans at a rate of Rs. 68 percent has been achieved. Kerala has achieved 21% in this project and is at the last position. The target is to give loans to 50 lakh people under this scheme by this December in the country, and already 43 lakh people have been given loans. He said that everyone should work hard to bring India’s economic position from 5 to 3 in the world.National Livelihood Mission Director Dr. Ragapriya R Dr. Ragapriya R, Union Housing and Urban Affairs Joint Secretary Rahul Kapoor and other dignitaries were present.
