हिंदी
MoU signed with Urban Development and Housing Department and Indian Banks
An MoU was signed between the Urban Development and Housing Department and Indian Bank in the presence of Urban Development and Housing Minister Shri Bhupendra Singh, on Monday, with the objective of transferring the amount of interest subsidy through DBT to the bank accounts of street vendors under PM Swanidhi Yojana. Principal Secretary Urban Development and Housing Shri Manish Singh, Commissioner Urban Administration and Development Shri Nikunj Kumar Srivastava, Additional Commissioner Shri Gajendra Singh Nagesh, Field General Manager of Indian Bank Shri Manoj Kumar Das and other officers were present.
Minister Shri Singh said that this will reduce paperwork and interest subsidy will reach the beneficiary’s account fast. In the scheme, 7 percent interest subsidy is given by the central government and the remaining interest amount is paid by the state government in the loan of Rs 10,000 given to street vendors. Shri Singh informed that sufficient amount is available under the scheme.
Loans disbursed to 4.90 lakh urban street vendors
In the first phase of the scheme, the Government of India had given a target of giving loans to 4 lakh 5 thousand street vendors to Madhya Pradesh. Along with fulfilling this target, loans have been distributed to 4 lakh 90 thousand street vendors in the state so far.
