| Objective | To benefit the Street Vendors to resume their livelihoods who are facing liquidity crisis due to COVID-19 |
|---|---|
| Maximum Loan | Maximum loan amount of upto 10,000/- per applicant. For second tranche Rs. 20,000/- |
| Eligibility Criteria | A) Any Street Vendor engaged in Vending Business. B) Street Vendors in possession of Certificate of Vending/Identity Card issued by Urban Local Bodies(ULBs) |
| ROI | 11% per annum, 2% penal interest will be charged in case of default. |
| Repayment Period | The loan shall be repaid within 12 months in monthly installments. |
| Documents Required | 1.Application Form. 2.KYC Documents(Aadhar card/ PAN Card/ Voter ID/ Driving License. 3.Passport size photos(3). 4.Savings account with our Bank. 5.Demand Promissory Note 6.Certificate Recognizing applicant as Street Vendor. 7.Unit Photo along with applicant. |