Narendra Modi Nirmala Sitharaman covid-19 outbreak Government Narendra Modi Nirmala Sitharaman

₹20 lakh crore stimulus: 5,000 crore credit facility for street vendors

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Finance minister Nirmala Sitharaman on Thursday announced a ₹5,000 crore special credit facility for street vendors. Sitharaman said the scheme will be launched within a month and will provide initial credit facility of ₹10,000 to 50 lakh street vendors. “Digital payments will be incentivized through monetary rewards and enhanced working capital would be made available for good repayment behavior," she said.

Detailing allocations under the ₹20 lakh crore stimulus package announced by Prime Minister Narendra Modi, the finance minister said the today’s announcements will be targeted towards migrant workers, street vendors, small traders, self-employed people, small farmers The government on Wednesday, as the first tranche of the massive

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