AP Govt Releases Rs 766 Crore For YSR Zero-Interest Loan Scheme

20 Apr, 2020 16:20 IST|Sakshi
File Image of YS Jagan Mohan Reddy

AMARAVATI: The Andhra Pradesh government headed by Chief Minister YS Jagan Mohan Reddy released Rs 766  Crore for the implementation of ‘YSR zero interest loans’, said the Ministry of Finance’s Special Secretary, KVV Satyanarayana on Monday, April 20.  Satyanarayana has issued an order to release Rs 765 crore for interest payments on loans taken by Self Help Groups (SHGs).

Satyanarayana said that Chief Minister YS Jagan Mohan Reddy will re-launch the scheme on April 24. The state government has also decided to release Rs 1,400 Crore for the implementation of the scheme. He added that these Rs 1,400 Crores will be credited directly into the accounts of 93 lakh DWCRA women beneficiaries after April 24.

He said that the YSR Zero Interest Loans scheme was actually under implementation right from Dr YS Rajasekhara Reddy’s rule in the undivided Andhra Pradesh. The previous regime in the state under Chandrababu Naidu had neglected the scheme, he revealed. As a consequence, the scheme had not been implemented since June 2016 and now the YS Jagan government would be reviving it from April 24.

Also Read: How CM YS Jagan Is Turning AP’s 16-Crore Face Mask Scheme Into A Boon For Women!

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