The Yuvajana Sramika Rythu Congress Party (YSRCP) Government announced a delay in releasing the installment of the Jagananna Thodu scheme.
The State Government’s Jagananna Thodu scheme would provide financial assistance to small vendors and hawkers in Andhra Pradesh. Under the scheme, eligible vendors and hawkers can apply for interest free loans starting from Rs. 10,000. Vegetable vendors, fruit vendors, small shopkeepers, pushcart vendors, and traditional artisans are eligible to apply for the scheme. Besides the loan, the State Government would also bear the interest money of the loan, which would be credited to the bank accounts of the beneficiaries, who have paid the loan money on time.
The decision to launch the scheme was taken to empower small vendors and assist them financially to grow their business. Another major objective of the scheme is to free vendors from heavy interest on the loans taken from private parties. In addition, to ensure corruption free transactions the State Government also started a special web portal to coordinate with banks and implement the scheme.
According to sources, the Y.S. Jagan Mohan Reddy Government was scheduled to release the third tranche of the welfare scheme on the 22nd of February. However, due to the sudden demise of Mr. Mekapati Goutham, the Information Technology Minister of Andhra Pradesh, the Government postponed the release to the 28th of February.
Mr. Tumma Vijay Kumar Reddy, the Ex Officio Secretary and Commissioner of State Information and Civil Relations issued a statement for the same. Mr. Kumar Reddy said that from February 28 beneficiaries would be credited with interest money in their bank accounts. He further added that the YSRCP Government had declared two days of mourning over the death of Mekapati Goutham.
Mango News Link
Telegram: https://t.me/mangonewsofficial
Google Play Store: https://bit.ly/2R4cbgN
Apple / iOS Store: https://apple.co/2xEYFJ
