Credit line for street vendors may’ve few takers; half of 10 mn not covered

A majority of street vendors, due to closure of their business, do not have the liquidity to pay back a loan.

Finance Minister Nirmala Sitharaman’s announcement of a credit line of Rs 10,000 to 5 million street vendors as part of her stimulus package may find few takers. The reason: A majority of street vendors, due to closure of their business, do not have the liquidity to pay back a loan.

The package, according to estimates by street vendors’ associations, in any case will cover only half of the 10 million vendors across the country. Says Sangeeta Singh of the National Association of Street Vendors of India (NASVI), which has over 300,000 street vendors as its members

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Dear Friends, In association with FSSAI, NASVI invites you to a Webinar on:COVID Protection Ecosystem for Street Food Vendors on Oct 4, 2021 02:00 – 04.00PM Please click the link below to join the webinar:https://us06web.zoom.us/j/84590240708?pwd=MVBnZGx4SzhDd1pNNGk3ZXhsM1JuZz09Passcode: 12345 Event will be broadcasted live on our face book page at https://facebook.com/nasviindia

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The exit from Streetnet of certain member organizations, and the negative impulses that comefrom other affiliated organizations regarding the way of governing in Streetnet, has led NASVI (INDIA), UPTA(SPAIN) and SIVARA (ARGENTINA) to constitute a new organization representingself-employed workers, inside and outside the informal economy. This new organization, called Self Workers Global, has statutes of […]

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