Small businesses bear the brunt of flood fallout in Vijayawada
3 months ago

Small businesses bear the brunt of flood fallout in Vijayawada

The Hindu  

Following the recent floods and its consequent havoc, small business owners of Ajith Singh Nagar in Vijayawada are struggling to get customers. A chai seller, who sells a cup for ₹6 at a small stall under the Singh Nagar flyover, said that while he sees a lot of people going about their businesses in the morning and evening times, very few stop by at his stall. “Some of the scrap here are too damaged to fetch us any money,” said Srinu, who runs the shop in a rented space. Mr. Srinu said if one borrows ₹1,000 in the morning, one has to give it back with 10% interest by evening, or if they take ₹10,000, they have to give it back with 20% interest, he said.

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Small businesses bearing the brunt of flood fallout in Vijayawada
3 months ago

Small businesses bearing the brunt of flood fallout in Vijayawada

The Hindu  

Of late, people having small businesses in Ajith Singh Nagar in Vijayawada are finding themselves sitting idle most of the time, waiting for customers. “Few of the scrap material are damaged beyond repair that they do not fetch any money,” said Srinu, who runs the shop in a rented space. On the other hand, Rama Rao, who has a cycle …

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