MP Haibabu distributes Mudra loans

Visakhapatnam: BJP national executive member and MP K Haribabu presented Mudra loans sanctioned by Union Bank of India and State Bank of India to various small income group vendors in the city on Monday. Speaking on the occasion, Haribabu said that the Mudra loans would be helpful to vendors who are all these years borrowing the money at higher interests.

The street and small income group vendors should come forward to utilise the opportunity. MLA P Vishnu Kumar Raju also spoke. The Union Bank issued Mudra loans to 31 beneficiaries amounting to the tune of Rs 45.9 lakh. At an another programme, the SBI issued loans to 63 beneficiaries to the tune of Rs 9.45 lakh.