Restoration of Small Businesses
Most people engaged in small businesses like selling vegetables, fruits, tea etc. had lost their working capitals during the Lockdown and now have no means to restart their businesses. Immediately with the easing of the Lockdown, COVA launched a program from 7th June 2020 to provide working capital to help restore small businesses.
Grants of Rs. 2000 to 5000 were provided to 125 persons and rickshaws of 60 scrap collectors were repaired at an average cost of Rs. 2500. This is helping beneficiaries of this program to start earning Rs.400 to Rs. 500 daily and thereby support themselves and their families for years to come.
COVA also facilitated SAFA in identification of 50 beneficiaries who were provided loans as part of the Build Back Program.
So far COVA has supported 255 persons to restart their businesses. We seek your generous donations to help restore at least 1000 small businesses.
timesofindia.indiatimes.com News Paper Report
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