Govt loan for roadside vendors in Coimbatore

Coimbatore Corporation Commissioner and Special Officer Rajagopal Sunkara has on Monday announced that arrangements have been made to provide a loan of Rs. 20,000 to roadside traders He said, “The Central Government is implementing a bank loan scheme for the business development of roadside traders in the Coimbatore Corporation areas.

The scheme is being implemented exclusively for the roadside vendors doing business in the daily market, weekly market, park, railway station, bus stand, temple perimeter and shopping streets in the Corporation areas”. He added that in the first phase of the scheme, a loan of Rs. 10,000 is provided by the banks on the condition of repaying Rs.946 as a monthly payment for 12 months. So far 7,910 roadside vendors have benefited under the scheme.

“Eligible persons along with their copy of Aadhar card, bank account passbook and other documents can avail the benefits through the camps set up at the Corporation Head Office and Corporation Zonal Offices. On weekdays you can contact the project coordinator Balasundaram at 99449 48878 for details.

For those who have already taken a loan of Rs. 10,000 and have repaid it regularly, the second phase will be arranged to provide a loan of Rs. 20,000”. Thus he has said.

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