Kalaburagi stands third in lending loans to street vendors

Kalaburagi district placed third in the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme, with 90 per cent of loans disbursed to street vendors.

Mysuru was first, with 8,455 applications approved, followed by Hubballi-Dharwad, which had 4,823 applications approved.

Kalaburagi City Corporation received 6,030 applications, 5,766 of which wereLIC Housing Finance accepted. According to data given by the city corporation, the government has disbursed 3.34 crore involving 3,342 (90 per cent) loan applications as of May 19, 2021, out of the 3,695 approved applications involving 3.69 crores.

Aside from nationalised banks, local rural banks have also loaned money to a large number of street vendors. Street vendors are liable for a loan of up to $10,000 with a one-year repayment period, repayable in monthly instalments under this scheme.

Loan disbursement in Kalyana Karnataka’s other districts is as follows (as of May 19, 2021): Banks disbursed loans to 836 beneficiaries in the Bidar district out of the 1,388 applications authorised. In the Yadgir district, 535 street vendors issued loans out of a total of 601 approved applications.

In the Raichur district, out of the 3,010 applications approved, 2,040 street vendors received loans. Banks in the Ballari district have disbursed loans to 2,809 beneficiaries out of a total of 3,045 approved applications. Under the AtmaNirbhar Nidhi Scheme in Koppal district, 379 street vendors issued loans against 410 applications.


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