Badnore launches PM street vendors’ scheme in city

Chandigarh: Punjab Governor-cum-UT administrator V P Singh Badnore launched the PM Street Vendors’ AtmaNirbharNidhi (PM SVANidhi) Scheme at the Raj Bhawan in Chandigarh in the presence of senior UT and mu nicipal corporation (MC) officials, on Wednesday.

Municipal commissioner K K Yadav briefed about the features of the scheme, which includes initial working capital loan of up to Rs 10,000, interest subsidy on timely or early repayment of loan at 7 per cent monthly, cash-back incentive on digital transactions and higher loan eligibility on timely repayment of the first loan.

He said the Chandigarh municipal corporation will establish a separate window by deputing community organisers in the vending zones, organise community camps and distribute I E C material for extending benefits of the scheme to street vendors identified by the MC.

Badnore also unveiled a special report titled as “Combating Novel Coronavirus (Covid-19), a case-study of Chandigarh. During the release, the Governor appreciated the efforts of the MC towards documentation.