Bengaluru: Chief Minister H.D. Kumaraswamy yesterday launched ‘Badavara Bandhu,’ an interest-free loan scheme for street vendors at a programme in Bengaluru. Under the scheme, nine banks and co-operative societies will give loans ranging from Rs. 2,000 to Rs. 10,000 without any interest.
Vendors now need not have to run from pillar to post to get loans from banks. One need not have to show the BPL card too. All they require is an Aadhaar card and the street vendor card issued by the local Corporation. The mobile banks will provide loans to vendors on the spot. On Thursday, cheques were distributed to a few vendors.
