- The scheme is a Central Sector Scheme i.e. fully funded by Ministry of Housing and Urban Affairs (MoHUA) with the following objectives:
- To incentivize regular repayment
- Provide reward on digital transactions (cash back up to maximum of Rs. 1200.00)
- The Scheme is available to all street vendors (SV) engaged in vending in urban areas on or before March 24, 2020. The eligible vendors will be identified as per the following criteria:
- Street vendors identified in survey and in possession of Certificate of Vending / Identity Card issued by Urban Local Bodies (ULBs)
- The vendors, who have been identified in the survey but have not been issued Certificate of Vending / Identity Card; Provisional Certificate of Vending would be generated for such vendors through an IT-based platform by ULBs
- Street vendors, left out of the ULB-led identification survey or who have started vending after completion of the survey and have been issued Letter of Recommendation (LoR) to that effect by the ULB / Town Vending Committee (TVC)
- The vendors of surrounding development/ peri-urban / rural areas vending in the geographical limits of the ULBs and have been issued Letter of Recommendation (LoR) to that effect by the ULB / TVC