News Business Rs 5,000 crore Special Credit Facility for street vendors: Nirmala Sitharaman

Rs 5,000 crore Special Credit Facility for street vendors: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Thursday announced a Rs 5000 crore Special Credit Facility for street vendors. The government will launch a special scheme within a month to facilitate easy access to credit to street vendors.

Image Source : PTIFILE

India TV Business Desk New DelhiPublished : May 14, 2020 17:20 IST Updated : May 14, 2020 17:21 IST

Union Finance Minister Nirmala Sitharaman on Thursday announced a Rs 5000 crore Special Credit Facility for street vendors. The government will launch a special scheme within a month to facilitate easy access to credit to street vendors.

DETAILS

Initial working capital up to Rs. 10,000
Digital payments will be incentivized through monetary rewards and enhanced working capital credit would be made available for good repayment behavior.
Will support nearly 50 lakh street vendors
Will provide liquidity of Rs 5000 crores

Latest Business News

Rs 5,000 crore Special Credit Facility for street vendors: Nirmala Sitharaman

​Union Finance Minister Nirmala Sitharaman on Thursday announced a Rs 5000 crore Special Credit Facility for street vendors. The government will launch a special scheme within a month to facilitate easy access to credit to street vendors.

Union Finance Minister Nirmala Sitharaman on Thursday announced a Rs 5000 crore Special Credit Facility for street vendors. The government will launch a special scheme within a month to facilitate easy access to credit to street vendors.