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

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

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