CM Jagan releases Rs 431 crore for street vendors empowerment
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Vijayawada: Chief Minister YS Jagan Mohan Reddy on Thursday released Rs 431.58 crore under Jagananna Thodu benefiting 3.95 lakh small and marginal street vendors and artisans with interest free bank loans of Rs 10,000 and more. The amount, released for the eighth consecutive time, includes interest subvention amounting to Rs 13.64 crore benefiting 5.81 lakh beneficiaries who have availed loans and repaid them promptly on time.
Releasing the amount virtually at the Tadepalli camp office here, he said the government decided to implement Jagananna Thodu after he came to know of petty traders’ financial difficulties during his padayatra.
The scheme is helpful to petty traders who are selling vegetables, fruits and food products in push carts, baskets, on motorcycles and auto rickshaws on streets, he said, adding that artisans who make Bobbili Veena, Kondapally and Etikoppaka toys, Kalankari and lace items and puppets have also been receiving loans under the scheme.
