It aims to help small traders affected by the recent floods.
Roadside small traders like those selling fruits, vegetables or owning petty shops, who were affected by the floods, could access interest-free loans of up to Rs. 5000 to be disbursed through cooperative banks.
The interest of 11 per cent on these loans would be paid to the bank by the State government. The beneficiaries could repay the loan in 25 weeks at Rs. 200 a week.
Those who pay it on time would be eligible for a further loan of Rs. 5,000 at a low interest rate of four per cent.