Andhra Pradesh CM Jagan released interest free loan of Rs 395 crore – न्यूज़लीड India

Andhra Pradesh CM Jagan released interest free loan of Rs 395 crore

Andhra Pradesh CM Jagan released interest free loan of Rs 395 crore


Chief Minister YS Jagan Mohan Reddy on Wednesday distributed interest-free loans through banks to benefit 3.95 lakh small traders and artisans.

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oi-Foziya Khan

Published: Thursday, January 12, 2023, 20:55 [IST]

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Amaravati: Chief Minister YS Jagan Mohan Reddy on Wednesday distributed interest-free loans through banks to benefit 3.95 lakh small traders and artisans. CM Jagan released Rs 395 crore under the Jaganna Thodu scheme. Under this scheme each beneficiary got Rs 10,000 to set up their business.

Apart from this, he also released Rs 15.17 crore towards reimbursement of interest to benefit 13.28 lakh beneficiaries as they had promptly repaid their loans in the last six months. Jagan disbursed the loan from his camp office at Tadepalle. He said that apart from being a part of the self-employed community, the beneficiaries are also indirectly helping the society.

With 28,000 new small traders and artisans, the YSRC government has so far sanctioned Rs 2,406 crore, benefitting 15,31,347 people. Out of the total beneficiaries, 80% of the beneficiaries belong to SC, ST, backward class communities and minorities. An amount of Rs 63.65 crore has also been reimbursed as interest.

english summary

Andhra Pradesh CM Jagan released interest free loan of Rs 395 crore

Story first published: Thursday, January 12, 2023, 20:55 [IST]

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