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Second Covid-19 wave: Relief measures for poor, women SHGs on the cards

Govt exploring moratorium for street vendors, loans to self-help groups

MFI, women, finance, Self-hlp groups, NGOs, rural, village
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So far, about 2.405 million loans have been sanctioned, and 2.053 million of those have been disbursed under the scheme.

Nikunj Ohri New Delhi
A moratorium on repayments of working capital loans for street vendors and collateral-free loans to women self-help groups (SHGs) following the second wave of the pandemic are on the government’s drawing-board now.

The Ministry of Housing and Urban Affairs (MoHUA), which administers the PM Street Vendors Atmanirbhar Nidhi (PM SVANidhi), is exploring if the scheme can be further enhanced or a moratorium can be provided to street vendors.

It is being discussed if advisories must be issued to banks to restructure the loans given to street vendors and collateral-free loans that went to self-help groups, or whether consultation with the Reserve Bank