Let street vendors grow as Businessmen: CM Kumaraswamy
‘Badavara Bandhu’ scheme launched
Bengaluru, November 22: Chief Minister HD Kumaraswamy said that as the government has introduced ‘Badavara Bandhu’ scheme to help the roadside vendors with interest-free micro financing facility, the vendors have to utilize it effectively and improve their living condition.
Inaugurating the ‘Badavara Bandhu’ scheme at Yeshwanthpur APMC Market, organized by the Cooperative Department here on Thursday, the CM said that the roadside vendors have dependent on private money lenders and they pay more interest. In order to protect them from exploitation, the government has introduced the scheme. Infosys chief Narayana Murthy and his friends had started their company with just Rs 10,000 and grew as one of the biggest companies in the world providing jobs to lakhs of youth. In the same way, the roadside vendors should save a part of their earnings and grow as businessmen, he said.
Don’t torture
Though the roadside vendors sweat-out since morning to evening, they could not live happily due to their meager earnings. So, the police and officials should not harass them for money. Instead, the officials should create a conducive atmosphere for the roadside vendors to continue their business, he said.
Deputy Chief Minister Dr. G. Parameshwar said that the state government has introduced the ‘Badavara Bandhu’ scheme to help the roadside vendors. The officials should make honest efforts in reaching the benefits of the scheme to the deserving people. In Madhugiri, a flower-vending woman, with her small savings, educated her son who cracked IAS. So, without developing inferiority complex, the street vendors should educate their children, he advised.
Under this scheme, financial assistance would be provided to 53,000 people in the first phase and gradually, the number would be increased. Neglecting the allegation of the Opposition party on the government, the coalition government would ensure good administration, he said.
Cooperative Minister Bandeppa Kashempur, MLAs K. Gopalaiah, Munirathna, Mayor Gangambike Mallikarjun, Principal secretary Dr. N. Nagambika Devi, BBMP members, Cooperative societies registrar MK Aiyappa and others were present.
Highlights
State has 4.5 lakh street vendors including 80,000 in Bengaluru. Initially, 53,000 street vendors are being given loans.
Each street vendor would get micro loan from Rs 2,000 to Rs 10,000.
The loan will be disbursed through the DCC bank, Rajajinagar Cooperative Bank, Visvesvaraya Cooperative Bank, Guru Raghavendra Cooperative Bank and other Cooperative banks.
The loan repayment period is three months and if they repaid the loan within three months, they would be eligible for getting fresh loans again. Moreover, the loan amount could be increased by 10 percent which means from Rs 10,000 to Rs 15000.
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Neeraj Chopra finally breaches 90m mark
Doha, May 16 (PTI): Star Indian javelin thrower Neeraj Chopra finally breached the 90m mark at the Doha leg of the prestigious Diamond League Meeting as he became the third Asian and 25th overall to achieve the feat, here on Friday.
The 27-year-old double Olympic medallist sent his spear 90.23m in his third attempt to join a list of javelin throwers, led by his current coach Jan Zelezny of Czechia, who had recorded 90m-plus efforts.
Olympic champion Arshad Nadeem (92.97m) of Pakistan and Chao-Tsun Cheng (91.36m) of Chinese Taipei are the two other Asians to have breached the coveted mark.
