CM Chouhan to transfer interest free amount in Rural Street Vendors’ accounts

Bhopal : Chief Minister Shri Shivraj Singh Chouhan will transfer an interest free amount of Rs. 10 thousand in bank account of each rural street vendor in a virtual programme to be organized at Minto Hall on Thursday. During the programme, Chief Minister Shri Chouhan will also interact via video conferencing with beneficiaries of few districts. The amount will be transferred by the Chief Minister Shri Chouhan in the accounts of the beneficiaries at block and branch level of all districts of the state in the virtual programme. Minister for Panchayat and Rural Development Shri Mahendra Singh Sisodia and Minister of State Shri Ramkhelawan Patel will also join the programme.

The Mukhya Mantri Rural Street Vendor Scheme has been launched by the state government under the Panchayat and Rural Development Department. Its objective is to make available an amount upto Rs. 10 thousand as working capital loan through banks to the street vendors in rural areas. Under the scheme, the state government will bear 14 percent interest subsidy on loans up to Rs. 10 thousand per beneficiary. Also, a credit guarantee will be given by the state government under the scheme. The eligible beneficiaries of this scheme have also been exempted from the amount of stamp duty.

Under the scheme, various types of small traders have been included like ice cream, fruits, samosa/kachori, bread-biscuits, chicken/eggs, textile, small utensils, slippers/shoes, brooms sellers, hair dressers, handcart pullers, cycle/motor cycle mechanics, carpenters, potters rural artisans, weavers, laundrymen, tailors besides traders related to professions/service providers come under the Karmkar Mandal including street vendors engaged in works of selling other these kind of items.

Under the scheme, those women of families of rural migrant labourers in the age group of 18 to 55 years, poor class families, traders of rural areas, who are associated as members of Self Help Group formed under the Ajeevika Mission or Tejasvini Project can avail benefit. There is no binding of educational qualification, caste and class under the scheme. Kamgar Setu Portal has been prepared in order to make the scheme simple.


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