Khammam: In an effort to support street vendors, the Khammam Municipal Corporation (KMC) is planning to set up a new complex of street vendors in the city, Transport Minister Puvvada Ajay Kumar said.
The minister distributed loans and bank links to street vendors and small traders under the aegis of the Mission for the Eradication of Poverty in Municipal Areas (MEPMA). A total of Rs 20 lakh worth loans to around 200 street vendors, Rs 4.64 crore bank lien at SHG 102 and Rs 6.25 lakh to 25 other small traders were distributed.
Ajay Kumar informed that the state government has granted a loan of 10,000 rupees to street vendors in the municipality and municipalities to help them overcome the crisis caused by the Covid pandemic.
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Following the instructions of Chief Minister K Chandrashekhar Rao, two complexes of street vendors were set up in the former bus stop area and at Rotary Nagar in the city where 400 and 150 vendors were respectively operating businesses, a- he noted.
Soon another complex of street vendors would be set up in the Kalvoddu region, Ajay Kumar said. He informed that HDFC Bank has volunteered to provide loans from Rs 10 lakh to Rs 1 crore to those who wish to run micro, small and medium enterprises.
He urged those interested to take the facility to run electronic businesses and become financially self-sufficient. He advised street vendors to immediately take two doses of the Covid vaccine.
District collector VP Gautham informed that up to 15,405 street vendors have been identified so far in Khammam town and have received municipality ID cards.
About 12,382 vendors received a loan of Rs 10,000 each and those who repaid the loans could get Rs 20,000 in the second phase, he added.
SUDA B President Vijay Kumar, Mayor P Neeraja, Municipal Commissioner Adarsh ââSurabhi, HDFC Regional Director Ch Pavan Kumar, State Mission Coordinator of MEPMA Chaitanya and others were present.
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