GHMC identified 77939 street vendors under PM Svanidhi: Commissioner GHMC

• ID cards issued to 58435 and Loans Issued to 9425 individuals so far

GHMC has taken up survey of street vendor to issued Identity cards  and facility to get loans sanction through banks under PM SVANidhi  Scheme launched by Govt of India to boost up the livelihoods of street vendors those who lost their business due to Covid-19 said the Commissioner GHMC Sri. D.S.Lokesh Kumar here today.  Further he added,  so far GHMC has identified 77939 vendors and ID cards issued to 58435 Nos. And loans issued to 9425 individuals and it is under progress .  

Each Street vendor will be sanctioned loan to the tune of Rs. 10,000/-@  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 additional financial benefit @ Rs.100 per Month which in turn will reduce the EMI amount paid by the vendor.

Every Vendor shall have 

• Aadhar Card linked with mobile and bank account 
•  Street vendor ID card issued by GHMC
• 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. The street vendors carrying out business in the limits of GHMC are once again informed to dial 040-21111111 for all kinds of issues like 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.