CM launches JK Bank’s Aasaan loan for street vendors

CM launches JK Bank’s Aasaan loan for street vendors
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SRINAGAR: Chief Minister Mehbooba Mufti on Saturday said that her government will remove all vendors from streets and place them at a location where they will do good business.
“We have told many times to remove vendors from streets because it becomes a problem for public movement. We began at city centre Lal Chowk and moved vendors to other locations. My government intends to do the same with the rest of the vendors,” Mufti said at a function of the JK Bank at SKICC here.
“Vendors who have come on streets to feed their family also have to bear rebukes from people. Their carts are kicked at times. My government’s agenda is to give them a dignified livelihood,” she said. “Now the initiative of mobile hand carts (of JK Bank) is a way of doing business in a hygienic and attractive way. I ask the bank to devise similar carts for the vendors selling hosiery, clothes and other items at the earliest.”
She directed the SMC Commissioner to remove the shop fronts that have encroached on foot paths.  She also launched the Aasaan (easy) loan scheme of JK Bank for street vendors.
“My request to the JK Bank is to give Aasaan loans in 24 hours and to not make a vendor sacrifice his day’s earning for the loan’s sanction. It should be available to them at ease,” she stressed.
Mufti appreciated the JK Bank management for its social outreach programmes. She said she hoped the bank would continue with its efforts to share corporate social responsibilities.
JK Bank chairman Parvez Ahmad said that the bank is planning to throw open its branches at every revenue halka (constituency), upgrading its service delivery mechanism, and put in place a system that will enable a consumer to open his account from his home.
“We are developing a system that will enable an applicant to apply for loan from his home,” he said.

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