MCC organises loan disbursement camp for street vendors
Chandigarh, December 23:- The Municipal Corporation, Chandigarh has today organized loan disbursement camp at office premises under PM Street Vendors Atma Nirbhar Nidhi (PM SVANidhi) Scheme which was launched by the Hon’ ble Prime Minister for the effected street vendors during COVID-19 Pandemic.
During the camp, Sh. K.K. Yadav, IAS, Commissioner, Municipal Corporation, Chandigarh has given sanction letters to the registered street vendors in presence of Sh. Sudhir Kumar, Circle Head, Punjab National Bank, Chandigarh.
On this occasion, the Commissioner said that the street vendors should come forward for applying PM SVANidhi Scheme and availing discount of Rs. 500/- per month in monthly street vendor’s fees for the loan period. These vendors were extended a loan amounting to Rs. 10,000/- @ 7% rate of interest subsidy for a period of one year.
Till date, Municipal Corporation, Chandigarh has sourced 2029 online applications from street vendorsby organizing various community camps with support from Enforcement Wing and DAY-NULM Cell, out of which 1139 applications have been sanctioned and 911 applications have been disbursed.
77registered street vendors have been sanctioned/disbursedon the spot loanby 04banks namely Punjab National Bank, State Bank of India, Punjab & Sind Bank and Indian Bank.
