In this article today, we will share with you all the important is specifications of the YSR Zero Interest Loan Scheme which has been launched by the Chief Minister of the 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 procedures through which you can apply yourself under the scheme, and also the eligibility criteria and documents required are given in this article.
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 |
| Official Website | – |
YSR Zero Interest Loan Scheme 2021
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 Loan 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 2021. Even after the financial stress due to COVID -19 crisis, AP Government does not take a back step in allocating funds for any scheme. The Finance minister said that tackling COVID is the priority but welfare schemes are also very important. The government has allocated Rs 1,365.08 crore in the state budget for YSR Zero Interest Loan Scheme to help the women who are associated with self-help groups.
Important Dates
The following date have been finalized by the concerned authorities to undertake the procedure of the 0 interest loan scheme:-
| Procedures | Dates |
| Date of implementation | 24th April 2020 |
| Fund release date | 27th April 2020 |
Benefits Of YSR Zero Interest Scheme
The usage of the policy will give the recipients 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 to 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 Of YSR Zero Interest Loan Scheme 2021
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.
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