BENGALURU: Reeling under severe financial strain due to the lockdown, Kumar H, a street vendor, has been alleviated when principal minister BS Yedyiurappa announced a relief package for a variety of categories of employees, including individuals like him.
However, Kumar’s relief has been short lived.
Even though the state government imputed the guaranteed Rs 2,000 support into his bank accounts, the lender instantly debited the amount towards an impending loan instalment.
Kumar, 38 and also a resident of Srirangapatna at Mandya district, was given an advance of Rs 10,000 from the Centre through the initial wave, he is still nearing.
Kumar is one of at least 95,000 sellers who continue to stay in distress regardless of the state government’s relief package announced throughout the lockdown recently.
The one time aid given from the Karnataka government was debited by banks to different loans, such as central government assistance schemes.
Kumar, who conducted a fastfood store in Srirangapatna, stated that throughout a year’s lockdown, his earnings have been under the Prime Minister Street Vendors Atma Nirbhar Nidhi strategy, he had been given an advance of Rs 10,000.
“Article that the lockdown, I chased my company and refunded six monthly instalments of Rs 1,000 per year into the lender,” he explained.
Nevertheless, the next wave of Covid-19 diseases and following constraints hit Kumar, that has been in the company for eight decades, extremely tough.
“I made about Rs 15,000 each month prior to the pandemic fell and approximately Rs 10,000 moved into home rent, groceries and other costs.
No matter little savings I was also tired to make ends meet through the lockdowns.
I really don’t understand what the destiny of my family members will be after 10 days,” he explained.
Kumar’s spouse is a homemaker and also 14-year-old boy is a course 9 pupil.
Same-day deduction:Kumar stated he obtained an SMS alert once the state authorities imputed Rs 2,000 to his bank accounts.
However, when he moved to withdraw money, he realised it was debited.
“I checked with the bank and they said that it’s been debited to the loan I’d bought beneath PM SVANidhi Scheme,” Kumar explained.
Anzar Pasha, 52, also a resident of Padarayanapura at Bengaluru, sold clothing on pavements at Gandhinagar and hadn’t availed any advance under some Central scheme throughout the lockdown this past calendar year.
However he’d borrowed Rs 50,000 in the bank and has been exceeding Rs 1,500 each month before the lockdown was enforced.
“I got that the state government’s help, however, it had been deducted the identical day to the loan I’d availed.
I’m residing on ration kits offered by donors and volunteers,” Pasha said.
Even the Federation of Karnataka Street Vendors Association stated that there are over five lakh street sellers from the country but just 2.2 lakh are enrolled with the institution.
The government has introduced the one-time fee of Rs 2,000 to approximately 1.9 lakh sellers.
At least 95,000 have secured loans under central authorities strategies or by banks throughout the nationally lockdown.
ES Rangaswamy, president of this institution, said that the state authorities resisted the aid below the section of art development, schooling and entrepreneurship.
“After a number of beneficiaries mentioned banks had deducted that the money repayment of different loans, so we approached the principal minister and apprised him of the issue.
He also asked banks to not deduct the cash as sellers are in good financial distress.
But it had been no use as banks state the deduction happens automatically once cash is imputed to the account,” he explained.
Karnataka grants Help banks deduct it to Get loans Accepted
