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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.

India TV Business Desk Edited by: India TV Business Desk New Delhi Updated on: May 14, 2020 17:21 IST
FILE
Image Source : PTI

FILE

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

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