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KMC organises PM SVANidhi Mahotsav
In Short
For the current financial year, 1,942 vendors were identified against a target of 2,100. Loans worth Rs 1.63 crore were sanctioned to 897 vendors through banks, while 797 vendors received digital credit cards.
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KMC organises PM SVANidhi Mahotsav
Kadapa: The Kadapa Municipal Corporation (KMC), in association with MEPMA, organised PM SVANidhi Mahotsav to promote financial empowerment of street vendors. Officials highlighted that 19,221 vendors had received loans worth Rs 73.27 crore under the scheme so far.
For the current financial year, 1,942 vendors were identified against a target of 2,100. Loans worth Rs 1.63 crore were sanctioned to 897 vendors through banks, while 797 vendors received digital credit cards. The scheme provides loans of Rs 15,000, Rs 25,000 and Rs 50,000 in three successive tranches. Project Director MEPMA Dr G Rajyalakshmi, Municipal Commissioner Bhavani Prasad, DCC Bank CEO Rajamani and other officials participated. Vendors, who repaid loans promptly, adopted digital transactions, and women and differently-abled vendors were felicitated. Cultural programmes were also organised as part of the celebrations.
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