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CMO Andhra Pradesh, YS Jagan Mohan Reddy, is about to launch ‘Jagananna Thodu Scheme’ on November 6, 2020. This scheme is going to be launched mainly for the street vendors in the state. Under this scheme, interest free loan of Rs. 10,000/- will be provided the street vendors. Interest payment will be borne by the estate government. This financial assistance is mainly for the welfare of the small-scale street vendors.
Scheme Overview:
| Scheme name: | Jagananna Thodu Scheme |
| Scheme Under: | Andhra Pradesh Government |
| Launch Date: | November 6, 2020 |
| Will be launched by: | CM YS Jagan Mohan Reddy |
| Beneficiaries: | Street Vendors |
| Benefit: | Interest free loan of Rs. 10,000/- |
| Objective: | Welfare of the small-scale street vendors across the state |
Objectives and Benefits:
- The main objective of the scheme is welfare of the street vendors across the state
- Under this scheme, loan of Rs. 10,000/- will be provided to the vendors
- It aims to free the rural vendors the vicious circle of money lenders rather government will directly provide them a loan for business through banks.
- Loans provided under this scheme are interest free
- Burden of interest will be borne by the government
- Repayment of loans will be in easy installments
- No collateral security or deposit is required for getting the loan
- This also aims to encourage self-employment opportunities in the long run
List of scheme lunched by Andhra Pradesh Government
Vendors under this scheme:
- All the street vendors come under this scheme, fruit vendors, vegetable vendors, tea stalls, items sold on bicycles, small saloons, etc
Scheme Details:
- Jagananna Thodu scheme is about to be launched by the Andhra Pradesh government
- This scheme is mainly going to be launched for the street vendors across the state
- Under this scheme an interest free loan of Rs. 10,000 will be provided to the vendors
- Vendors will include all the small-scale street businesses and vendors mainly those included in traditional occupations
- Loan amount will be provided directly into the bank account of the beneficiary vendor
- It can be repaid by the vendor in easy installments
- The interest burden will be borne by the estate government itself
- Financial assistance through this scheme aims at welfare of the street vendors thereby encouraging self-employment opportunities too.
- Estimated cost of the scheme is Rs. 474 crores
- Jagananna Thodu scheme will be launched by the CM on November 6, 2020
