The AP government has good news for street vendors and the micro middle class businessmen. Exempted from stamp duty payable at the time of taking loans from the bank. The state government has issued orders to this effect.
Chief Secretary announced that the decision was taken on the orders of the CM. The government’s decision will benefit Rs 7,300 crore to one lakh micro, medium and small scale entrepreneurs. Also, 3.5 lakh street vendors will benefit from Rs 350 crore.