Jagananna Thodu Scheme, Andhra Pradesh

Welfare of the small-scale street vendors across the state

CMO Andhra Pradesh, YS Jagan Mohan Reddy, launched ‘Jagananna Thodu Scheme’ on November 25, 2020. This scheme is 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 state 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 25, 2020
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

More scheme for street vendors

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

Vendors under this scheme:

  • All the street vendors come under this scheme, fruit vendors, vegetable vendors, tea stalls, items sold on bicycles, small saloons, push cart vendors, etc

Scheme Details:

  • Jagananna Thodu scheme is launched by the Andhra Pradesh government on November 25, 2020
  • This scheme is mainly 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 with 7-10 days
  • Beneficiaries will be provided with QR-based smart ID cards
  • It can be repaid by the vendor in easy installments
  • The interest burden will be borne by the state government itself
  • If the beneficiary repays the loan on time the government will reimburse the interest amount and the beneficiary will be eligible for the loan again
  • Financial assistance through this scheme aims at welfare of the street vendors thereby encouraging self-employment opportunities too.
  • In case a person is eligible and not covered under the scheme, the person can apply through volunteers or enroll through toll free no. 1902
  • Under the scheme about 1000 crore is given to 10 lakh beneficiaries in the form of loan for working capital
  • Government will bear about 60-100 crore interest annually on behalf of all the beneficiaries under this scheme

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