Additional clarifications



  • Providing affordable Working Capital loan to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdown.

  • Provision of collateral free working capital loan of up to Rs 10,000.

  • Interest subsidy @ 7% per annum is available.

  • Loan Amount: Urban street vendors will be eligible to avail a Working Capital (WC) loan of up to Rs 10,000.0n timely or early repayment, the vendors will be eligible for the next cycle of working capital loan with an enhanced limit.

  • Facility Type: Working Capital Demand Loan facility (Term Loan to be opened)

  • Loan Period: The tenure of the loan shall be 1 year. Loan shall be paid in 12 Equated Monthly Installments (EMI).

  • No Collateral security shall be obtained for loans under the scheme

  • The Scheme has a provision of Graded Guarantee Cover for the loans sanctioned to be administered by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).