YSR Zero Interest Loan Scheme
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Objective : The Andhra Pradesh government had referenced in their political proclamation that it will find a way to reinforce the self-improvement gatherings and the DWCRA affiliations. These bodies are ordinaril

In this article today, we will share with you all the important is specifications of the YSR Zero Interest Loan which has been launched by the Chief Minister of Andhra Pradesh Government recently on Friday. We will share with you all the incentive will be provided to the DWCRA affiliations across the Andhra Pradesh state. The Chief Minister has come forward to help all of the affiliations by giving monetary help. In this article, we will share with you all the step by step procedure through which you can apply yourself under the scheme and also the eligibility criteria and documents required are given in this article.

YSR Zero Interest Loan Scheme 2020

The Andhra Pradesh government had referenced in their political proclamation that it will find a way to reinforce the self-improvement gatherings and the DWCRA affiliations. These bodies are ordinarily run and overseen by ladies. For this, the Andhra Pradesh authority has just reported another credit plan to offer monetary help to these associations. The Chief Minister of the state said that the YSR Zero Interest Scheme will be executed soon. It will give these women affiliations the lift that will help them to act in the COVID-19 pandemic.

Budget For YSR Zero Interest Loan

On Tuesday in the state Assembly at Velagapudi, Finance Minister B Rajendranath Reddy presented the State budget for the financial year 2020-21.  Even after the financial stress due to COVID -19 crises AP Government does not take back step in allocating fund for any scheme. Finance minister said that tackling COVID is the priority but welfare schemes are also very important. Government has allocated Rs 1,365.08 crore in the state budget for YSR Zero Interest Loan Scheme to help the women’s who are associated with self-help groups.

Details Of YSR Zero Interest Loan

Name YSR Zero Interest Scheme for DWCRA Women Associations
Launched by YS Jagan Mohan Reddy CM Of Andhra Pradesh
Beneficiaries Self-help groups and DWCRA Women Associations
Objective Providing monetary help

 

Benefits Of YSR Zero Interest Scheme

The usage of the policy will give the recipients the interest-free credit. The gatherings can use the cash for growing their administrations. The plan has been produced for giving monetary help to DWCRA affiliations. The individuals from ladies’ self-improvement gatherings will likewise be qualified to apply and get advance under this plan. The candidates, who get the credit from the state government, under this plan, won’t be charged any interest. The Chief Minister of the state has additionally concluded that the power will pay the full school expense for the students. It will help around 11.50 lakh students.

Implementation Of YSR Zero Interest Loan

The state reports feature that the Zero Interest Loan plan will legitimately profit upwards of 90 lakh females, which are related with the distinctive DWCRA affiliations. Aside from this, the plan will likewise give monetary help to various self-improvement gatherings. The credit sum endorsed for the self-improvement gatherings, and the DWCRA affiliations will be saved in the particular financial balances through DBT. The state reports express that the legislature has just dispensed an astounding total of Rs. 1400 crore.

Sum Already Transferred

The Andhra Pradesh Chief Minister launched the plan by officially moving on the web Rs 1400 crores of cash towards repayment of premium sum on credits. When the Central Minister pressed the button on the web, the sums were electronically moved into 8,78,874 records of the DWCRA bunches falling under the ward of SERP and MEPMA. This will profit a sum of 90,37,254 ladies individuals who are a piece of the self-improvement DWCRA gatherings, spread over the state. This was a great way to start the scheme.

Eligibility Criteria

Applicant must follow the following eligibility criteria to apply for the 0 interest loan scheme:-

  • The applicant must be a resident of Andhra Pradesh state
  • An Applicant must belong to the self-help group or DWCRA associations of women.
  • The scheme is only open for the women of the Andhra Pradesh state.
  • The applicant must have a working bank account number.

Application Procedure

The scheme was launched recently by the Chief Minister of Andhra Pradesh so the detailed notification of the scheme has not yet launched for the common public. As soon as the detailed notification of the scheme is launched we will inform you through this website.