Indian Bank signs MoU with MoHUA, Sidbi for payment of subsidy to street vendors
National
- Chennai-based public sector lender Indian Bank has signed a memorandum of understanding (MoU) with ministry of housing and urban affairs (MoHUA) and Small Industries Development Bank of India (Sidbi) for payment of subsidy and cash incentives to street vendors under PM SVANidhi scheme.
- Padmaja Chunduru, MD CEO, Indian Bank, said street vendors represent a very important constituent in the urban economy and they offer varied services to the general public.
Source: Financial Express
Related General Knowledge
Ministry of Housing and Urban Affairs
- Ministry of Housing and Urban Affairs, Government of India, is a federal ministry with executive authority over the formulation and administration of the rules and regulations and laws relating to the housing and urban development in India.
- Headquarters: New Delhi
- Founded: 1952
- Officeholders: Hardeep Singh Puri (MOS independent charge)