Two-day loan melas held

ITANAGAR, 27 Feb: Two-day loan melas for street vendors were organized by the DUDAs in Jairampur (Changlang), Aalo (West Siang), Pasighat (East Siang) and Yingkiong (Upper Siang).

In Jairampur, Arunachal State Urban Livelihoods Mission State Mission Manager Ravi Sharma explained the benefits of the scheme and urged vendors to get registered, “so that in Phase-II, other pro-poor schemes of the central government may be implemented.”

Fifty-six vendors applied successfully for loans from 26-27 of February in Jairampur.

The loan camps were organized under the PM svanidhi loan scheme of the Deendayal Antyodaya Yojana National Urban Livelihood Mission, which provides special micro credit facility of upto Rs 10,000 to the street vendors to help them resume their livelihoods that have been adversely affected due to the Covid-19 pandemic. Sharma informed that, on timely repayment of the loan, an interest subsidy at 7 percent per annum would be credited to the bank accounts of the beneficiaries through DBT on quarterly basis.

In Yingkiong, 90 vendors applied online for loans.

Similar programmes were held in Pasighat and Aalo.