GHMC identifies 78k street vendors for PM SVANidhi

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The Greater Hyderabad Municipal Corporation (GHMC) has taken up survey of Street Vendors in the city and extend the Prime Minister SVANidhi Scheme launched by the Government of India to boost up the livelihoods of street vendors in the Covid19 pandemic situation.

The GHMC Commissioner Lokesh Kumar said that so far GHMC has identified 77,939 vendors and out of them, ID cards were issued to 58,435 people. And loans issued to 9,425 individuals the process of which is under progress.

Further, he added, each Street vendor will be sanctioned loan to the tune of Rs 10,000 at 7% interest which can be repaid in 12 EMIs. The interest paid Over and above 7% rate of interest will be reimbursed under this scheme and digital transactions are being promoted to get the additional financial benefit of Rs.100 per month which in turn will reduce the EMI amount paid by the vendor.

Every Vendor shall have
(a) Aadhar Card linked with mobile and bank account
(b) Street vendor ID card issued by GHMC
(c) Voter ID card.

All the vendors are facilitated through street vending Associations and their representatives for Survey, issue of Identity cards and sanction of loans under PM SVANidhi Scheme.

He appealed to the street vendors carrying out business in the limits of GHMC once again to dial 040- 21111111 for all kinds of issues like the issue of ID card and sanction of loans under PM SVANidhi and to avail the benefits extended by the Govt of India to lead a dignified life etc.