Union Minister of Housing and Urban Poverty Alleviation Ajay Maken said on Monday that the Street Vendors (Livelihood Protection and Regulation of Street Vending) Bill would be passed in the current session of Parliament.
He was here on Monday to inaugurate the Janalakshmi-Manipal Institute of Financial Inclusion.
The Minister said 2.5 per cent of a city’s population would be eligible for vending licences and it would be mandatory to form town and zonal vending committee in cities.
“The fast pace of urbanisation of India is throwing up interesting opportunities as well as challenges. Financial inclusion of the migrating population, affordable housing, upgrading slums, skilling or re-skilling of unemployed/under-employed population and creation of employment opportunities for the youth coming to the urban centres are some of the key challenges that we need to address on an urgent basis,” he said.
M. Lakshminarayana, Principal Secretary to the Chief Minister and Principal Secretary, Housing; Ramesh Ramanathan, chairperson of the institution; and S. Vaitheeswaran, MD and CEO of Manipal Global Education Services, were present.