YSR Zero Interest Loan Scheme 2020

YSR Zero Interest Loan Scheme | YSR Zero Interest Loan Scheme | Ap zero interest scheme | Ap YSR zero interest scheme

Chief Minister YS Jagan Mohan Reddy on Friday launched the YSR Zero Interest Loan Scheme, under which Rs 1,400 crore has been credited to the bank accounts of 8.78 lakh Self Help Groups (SHGs). Under the scheme, women SHG members can avail loans of Rs 20,000-40,000 a year. We will share with you all the incentive will be provided to the DWCRA affiliations across the Andhra Pradesh state.

We will share with you all the incentive will be provided to the DWCRA affiliations across the Andhra Pradesh state. Andhra Pradesh general elections last year, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy had launched the ‘YSR Zero Interest Loan’ scheme on Friday aiming to reimburse the interest to close to one crore women of the self-help groups in the state.

At an event held at the chief minister camp office at Tadepalli, the Andhra Pradesh chief minister started the scheme by clicking on a button to transfer Rs 1400 crores of money into accounts of women towards reimbursement of interest amount on loans.

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.

Ap zero interest scheme Details

Name of the Scheme YSR Zero Interest Loan Scheme 2020 2020
Category Information
Type of Scheme Welfare Scheme
Conducting Authority Government of Andhra Pradesh
Date of launch 24th April
Launched by Jagan Mohan Reddy (CM of Andhra Pradesh)
Date of implementation 27 April
State Andhra Pradesh
Target beneficiary Farmers of the state
Mode of Implementation Online

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.

आयुष मंत्रालय

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.

YSR Zero Interest Loan 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.