New Delhi: The Centre on Thursday launched a special credit facility amounting to a total of Rs 5,000 crore that will provide street vendors Rs 10,000 as initial working capital.
“Government of India will launch a special credit facility within a month,” said finance minister Nirmala Sitharaman.
This was the second tranche of announcements as part of the Aatma Nirbhar Bharat Abhiyan.
The Centre expects that this will benefit 50 lakh street vendors. Digital payments will be incentivised through monetary rewards as part of the scheme. “This will provide liquidity of Rs 5,000 crore,” added Sitharaman.
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