Hyderabad, January 11
Andhra Pradesh Government has, on Wednesday, released ₹395 crore under the‘Jagananna Thodu’ scheme towards interest-free loans through banks to about 3.95 lakh petty traders and artisans.
The release of funds formally by Chief Minister Y S Jagan Mohan Reddy in Amaravati would facilitate disbursal of ₹10,000 each for petty traders and artisans who were registered as beneficiaries under the scheme. Reddy released ₹15. 17 crore towards reimbursement of interest to benefit 13.28 lakh beneficiaries who have obtained and repaid the loans promptly in the last six months.
Also read:AP CM Jagan Reddy asks PM to release ₹36,625 cr dues
Speaking on the occasion, the Chief Minister said the beneficiaries of the scheme were not only becoming a self-employed community, but were also helping the society indirectly.
The State Government so far sanctioned 24,06,000 loans out of the total number of 39,21,000 loans given in the entire country. Out of the total 15,31,347 beneficiaries, 8,74,745 traders and artisans were promptly repaying their loans and had become inseparable part of the scheme by recycling their loans with discipline, he said.
Eligible people who have not availed the scheme for any reason can apply through village and ward secretariats to be included in the scheme at the end of social audit every six months, according to a release.
Also read:Mudra loans see record increase in Q3 of FY23
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.