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Andhra CM Jagan allocates Rs 1261 crores in pastime compensation to Girls Self Lend a hand Teams

Andhra Pradesh Leader Minister YS Jagan Mohan Reddy on Friday launched the 3rd tranche of the YSR Sunna Vaddi scheme at an tournament held in Prakasam district of Ongol.

Andhra CM Jagan allocates Rs 1261 crores in interest reimbursement to Women Self Help Groups

On Friday, Leader Minister of Andhra Pradesh Y.S. Jagan invested Rs 1,261 crore at 0 pastime within the financial institution accounts of the self-help staff. (Symbol credit score: CMO Andhra Pradesh/Twitter)

Andhra Pradesh Leader Minister YS Jagan Mohan Reddy on Friday launched the 3rd tranche of YSR Sunna Vaddi (0 Pastime Price) Scheme of Rs 1,261 crore in pastime compensation as much as Rs 1.02 crore. feminine beneficiaries belonging to 9.76 million self-help teams (GSP) in Ongol in Prakasam district.

To this point, the federal government has distributed Rs 3,615 crore underneath the Sunna Vaddi scheme, together with Rs 1,261 crore that used to be paid out as of late.

Addressing the beneficiaries, the Leader Minister mentioned: collection of eligible feminine SHGs rose to 9.76 lakh from the former 8.71 lakh because of efforts made by means of our govt. Additional, we agreed with banks on issuing loans with out collateral and satisfied the banks to cut back the rate of interest from 13.50% to 9.50% – 8.50%.

CM Jagan famous that the federal government has helped girls from SHGs to procure loans value greater than Rs 25,000 crore according to yr and has facilitated a mortgage restoration fee of 99.27%, which is the best possible fee within the nation.

Talking to the former TDP govt, Jagan mentioned, “When they became down the loans, they backtracked on their promise and gave up on Sunna Vaddi in October 2016. contributions, and maximum of them ceased to exist. However on the initiative of the federal government, YSR NPA lowered from 18.36% to 0.73%.”

SCHEME YSR AASARA

In regards to the YSR Aasara scheme, CM mentioned, “To make stronger the ladies trapped in debt, in a while after coming to energy, the federal government proposed to YSR Aasara to pay Rs 25,517 crore in 4 installments to the ladies’s 78.76 lakh financial institution accounts owned by means of 7.97 lakh SHGs.”

To this point, the federal government has contributed Rs 12,759 crore in two tranches, he added.

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