11 Jul 2014

Nidan Assures Sustainable Livelihood to Street Vendors of Bhopal

Nidan is assisting its members of Bhopal in getting the benefits of National Urban Livelihood Mission (NULM), wherein a Street Vendor is entitled to get a loan of upto Rs. 2,00,000/-(2 lacs) for improving his/her livelihood through business expansion. Under this initiative, first of all Nidan spread awareness about the provision of the scheme among all our members. When members are informed and developed a business plan of expansion, loan forms are made available to them by Nidan from their respective wards. Then Nidan staff assists them in making the Project Proposals wherein it is mentioned, how the amount will be utilized to initiate a profit-making business and make and maintain a sustainable livelihood.  Nidan also help these members in getting the quotations for the vending items.

Later on, these forms are sent to the Circle Officers (C.Os) and from there, after being verified, go to the concerned Banks. Nidan is in regular contact with the concerned authorities and will do the regular follow-up with the Banks and will try to provide the best possible assistance to its members.  Uptill now project proposals of 2 members each from five wards i.e. 10 members, have been finalized and many more proposals are in process. Nidan is committed to its pledge that maximum number of street vendors is benefited from these NULM scheme.

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