Purpose

To support street vendors by giving them easy access to collateral-free loans with low interest rates

Eligibility

Individual street vendors in possession of Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs) are eligible to apply loan under the scheme.

Limit and Margin

First Tranche: Rs.10,000/-
Second Tranche: Rs.20,000/-
Third tranche :- Above Rs.20,000/- to Rs.50,000/-
Margin: NIL

Salient Features
  • The vendors availing loan under the scheme are eligible to get an interest subsidy @ 7%. The interest subsidy amount will be credited into the borrower’s account quarterly
  • No documentation or processing Fee
  • No CIC charge
Repayment

First Tranche : 12 Months (01 Year)
Second Tranche: 18 Months (01 Year 06 Months)
Third tranche : 36 Months (03 Year)

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