<p>Uttar Pradesh and West Bengal are home to the highest number of street vendors, collectively accounting for over one-fourth of the country's tally, economists at State Bank of India (SBI) said on Friday.</p>.<p>According to a note released a day after the government announced a Rs 5,000-crore special credit facility for street vendors, ten states accounted for 35 lakh of the 50 lakh beneficiary street vendors who will be given a loan of Rs 10,000 each to restart businesses impacted by the lockdowns.</p>.<p>Uttar Pradesh has 7.8 lakh vendors, while West Bengal follows with 5.5 lakh, it said, adding that the two states collectively command a 27 per cent share of the overall number.</p>.<p>Bihar has 5.3 lakh vendors, Rajasthan 3.1 lakh, Maharashtra 2.9 lakh, Tamil Nadu 2.8 lakh, Andhra Pradesh and Karnataka at 2.1 lakh each, Gujarat 2 lakh, Kerala and Assam at 1.9 lakh each, Odisha 1.7 lakh, Haryana 1.5 lakh, and Madhya Pradesh and Punjab at 1.4 lakh each.</p>.<p>The economists said they depended on the self-employed in non-agriculture sector data from the periodic labour force surveys to arrive at the estimates.</p>.<p>Welcoming the move of introducing the ‘one-nation, one-ration card’ concept, it said the government will have to build the necessary technological architecture in the 5.27 lakh fair price shops at the earliest to make it operational.</p>.<p>The direct fiscal impact of the package announced by Finance Minister Nirmala Sitharaman on Thursday is only up to Rs 14,750 crore or 0.07 per cent of the GDP, as a bulk of the Rs 3.16 lakh crore of announcements is aspects like guarantees, it said.</p>.<p>Till now, the cumulative fiscal impact of all the three packages announced by Sitharaman to mitigate the economic impact of the COVID-19 pandemic is Rs 1.29 lakh crore or 0.6 per cent of the GDP.</p>.<p>The economists marginally upped the country’s fiscal deficit estimate for FY21 to 8 per cent of the GDP as against 7.9 per cent earlier.</p>.<p>The slippage will largely be on account of lower revenues and higher expenditure as a result of the pandemic, the note said.</p>.<p>With the schemes announced on Thursday also including a Rs 30,000 crore additional refinance support from Nabard for crop loans written by lenders, the economists said there is a likelihood of another Rs 30,000 crore in liquidity support being made available to the agri-focused institution from RBI over and above the earlier announcement of Rs 25,000 crore.</p>
<p>Uttar Pradesh and West Bengal are home to the highest number of street vendors, collectively accounting for over one-fourth of the country's tally, economists at State Bank of India (SBI) said on Friday.</p>.<p>According to a note released a day after the government announced a Rs 5,000-crore special credit facility for street vendors, ten states accounted for 35 lakh of the 50 lakh beneficiary street vendors who will be given a loan of Rs 10,000 each to restart businesses impacted by the lockdowns.</p>.<p>Uttar Pradesh has 7.8 lakh vendors, while West Bengal follows with 5.5 lakh, it said, adding that the two states collectively command a 27 per cent share of the overall number.</p>.<p>Bihar has 5.3 lakh vendors, Rajasthan 3.1 lakh, Maharashtra 2.9 lakh, Tamil Nadu 2.8 lakh, Andhra Pradesh and Karnataka at 2.1 lakh each, Gujarat 2 lakh, Kerala and Assam at 1.9 lakh each, Odisha 1.7 lakh, Haryana 1.5 lakh, and Madhya Pradesh and Punjab at 1.4 lakh each.</p>.<p>The economists said they depended on the self-employed in non-agriculture sector data from the periodic labour force surveys to arrive at the estimates.</p>.<p>Welcoming the move of introducing the ‘one-nation, one-ration card’ concept, it said the government will have to build the necessary technological architecture in the 5.27 lakh fair price shops at the earliest to make it operational.</p>.<p>The direct fiscal impact of the package announced by Finance Minister Nirmala Sitharaman on Thursday is only up to Rs 14,750 crore or 0.07 per cent of the GDP, as a bulk of the Rs 3.16 lakh crore of announcements is aspects like guarantees, it said.</p>.<p>Till now, the cumulative fiscal impact of all the three packages announced by Sitharaman to mitigate the economic impact of the COVID-19 pandemic is Rs 1.29 lakh crore or 0.6 per cent of the GDP.</p>.<p>The economists marginally upped the country’s fiscal deficit estimate for FY21 to 8 per cent of the GDP as against 7.9 per cent earlier.</p>.<p>The slippage will largely be on account of lower revenues and higher expenditure as a result of the pandemic, the note said.</p>.<p>With the schemes announced on Thursday also including a Rs 30,000 crore additional refinance support from Nabard for crop loans written by lenders, the economists said there is a likelihood of another Rs 30,000 crore in liquidity support being made available to the agri-focused institution from RBI over and above the earlier announcement of Rs 25,000 crore.</p>