Mancherial: Street vendors urged to repay loans on time

LDM Haveli Raju said that as many as 14,343 street vendors of seven municipalities were given the loans of Rs 10,000 each by various financial institutions under the initiative of the Union government

Mancherial: District’s Lead Bank Manager (LDM) Haveli Raju advised street vendors to repay loans regularly under PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) and to avail enhanced loans. He along with MEPMA District Mission Coordinator (DMC) Raju reviewed loans here on Thursday.

Haveli Raju said that as many as 14,343 street vendors of seven municipalities were given the loans of Rs 10,000 each by various financial institutions under the initiative of the Union government. He stated that the vendors would be eligible to get a loan of Rs 20,000 if they repay on time. He added their score on Credit Information Bureau (India) Limited (CIBIL) would be dropped if they fail to repay loans.

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State Bank of India’s chief manager Pradeep, Telangana Grameena Bank’s chief manager Kondal Reddy, administrative officer Haragopal, managers of ADCC, Universal, IDBI, BoB and ICICI banks were present.

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