Bhopal:Chief Minister Shivraj Singh Chouhan has said that the dream of our visionary Prime Minister, Shri Narendra Modi, to build an Atmanirbhar Bharat by transforming the challenge of an economy shattered due to Corona into an opportunity is being realized in Madhya Pradesh at a rapid pace. The businesses of the smallest unit of traders in urban areas including the hawkers, hand-cart owners, footpath vendors etc have been completely destroyed due to Corona crisis. Although they could have been provided some financial assistance, but how many days would it have lasted. It is Prime Minister Shri Modi’s resolve to make them self-reliant by helping them stand on their feet. When they become self-reliant only will India become self-reliant. In a short time, cases of one lakh 40 thousand urban street vendors have been approved in Madhya Pradesh and loans have been disbursed by banks to about one lakh beneficiaries. Thus, Madhya Pradesh is number one in the country in the implementation of this scheme.
Prime Minister Shri Narendra Modi will have a direct dialogue with the beneficiaries of Madhya Pradesh on September 9. Chief Minister Shri Chouhan reviewed the preparations being done in this connection from his residence today in a meeting with senior officials. Chief Secretary Shri Iqbal Singh Bains, Principal Secretary Shri Nitish Vyas, Commissioner Public Relations Dr. Sudam Khade and all concerned were present in the meeting.
Working capital and interest subsidy of up to Rs 10,000 is being provided to every street vendor for business, without any security under the Pradhan Mantri Street Vendors Swanidhi Yojana. Apart from this, an additional amount of Rs. 1200 per year will be provided for digital transactions and if the loan is repaid on time, then a working capital of Rs. 20 thousand will be made available next year. The government will gradually extend its assistance as they move ahead and become self-sufficient. Chief Minister Shri Chouhan informed that another provision has been added by the state government in this scheme, according to which, after the 7 percent interest subsidy of the central government, the street vendors of the state are getting this amount without any interest with the remaining interest subsidy being given by the Madhya Pradesh government.