MYSORE: The state government is trying to replicate the success of Bangaladeshi banker and Nobel peace prize winner Muhammad Yunus extending micro credit to street vendors.
On Friday it launched it launched Mysore City Street Vendors Multipurpose Cooperative Society, which has a seed money of Rs 5 crore to attend to the needs of street vendors in the city. The society, which will be developed as a cooperative bank later, will lend small loan to the street vendors who are too poor to qualify for bank loans. Urban development Suresh Kumar launched the initiative and hoped that it will be a success. The government will have control over the society with DC and the corporation commissioner on the board of directors while seven non-official directors will be elected.
The plan is to disburse small loan adopting the loan pattern of the cooperative banks. District minister S A Ramdas pursued the initiative and succeeded in getting Rs 2 crore budgeted to the scheme. The society's office is located at Vani Vilas Market in Agrahara and applications are disbursed to get the micro credit.
Launching the initiative, Suresh Kumar said: This is first time in India that a state government has extended micro finance to street vendors. It will be implemented across the state following the response. We are aiming to curb exploitation of street vendors by money lenders who charge exorbitant rate of interest given that small vendors don't stand a chance to get loan from the banks.
The minister said it is akin to what Muhammad Yunus did in Bangaladesh, which, he pointed out, was innovative when it was launched in the neighbouring country. 50 per cent of the profit by the society will be used for the welfare of the society members extending them health insurance.
Ramdas said the street vendors are harassed by the cops and said Rs 1 crore is paid by them to the police a year. While we known about the money lenders. What goes unnoticed is the harassment by the cops, he stated adding they are paid Rs 5 to Rs 50 by the roadside vendors. According to him, there are 6,500 street vendors in the city who will get the benefit of micro finance scheme.
Anda sedang membaca artikel tentang
Karnataka's first micro credit society for street vendors launched in Mysore
Dengan url
http://makanansehatanak.blogspot.com/2013/03/karnatakas-first-micro-credit-society.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Karnataka's first micro credit society for street vendors launched in Mysore
namun jangan lupa untuk meletakkan link
Karnataka's first micro credit society for street vendors launched in Mysore
sebagai sumbernya
0 komentar:
Posting Komentar