The Chief Minister of Andhra Pradesh, YS Jagan Mohan Reddy, introduced the YSR Adarsham Scheme in October 2019 to provide self-employment opportunities to the youth in the transport sector.
As per the scheme, the government plans to distribute trucks where applicants will acquire bank loans to purchase good-carrying trucks.
Listed banks will play an important role in the implementation of this scheme as these financial institutions will scrutinize and clear applications.
State-run corporations will hire these trucks; each beneficiary of the scheme can earn Rs 20,000 per month. The government has announced that after implementation of the scheme, around 6,000 trucks will be distributed to eligible youth and they will carry sand, food, beverages, and other perishable and non-perishable commodities.
The scheme is only available for youngsters not associated with any job or business to ensure that it provides a steady source of income for them.
This scheme is open for candidates from Below Poverty Line (BPL) groups, tribal people from the ST, SC and OBC categories, members who come under the Kapu Corporation and minority communities.
Documents required for application
It is mandatory for applicants to furnish their official residential documents, copy of their Aadhaar cards as identification proof, caste certificates if they belong to SC, ST and OBC communities, minority certificates that have been issued by the Andhra Pradesh government, BPL certificates if applicable.
Once the applicants get loan approval from the bank, they need to pay the State Goods and Service Tax for the truck and during the application process, the payment slip that is issued by the state GST department must be submitted for scrutiny.
All applicants must furnish bank account details and documents as the monetary assistance that the state government will offer via banks will be deposited in the beneficiary's bank account.
Benefits of YSR Adarsham Scheme
Due to lack of proper transportation, the price of commodities goes up because of a reduced supply. This scheme will boost the supply of commodities in the market, thereby bringing down prices. After a period of 5 years, when the loan is repaid, the YSR Adarsham Scheme beneficiary will become the owner of the vehicle without any encumbrances.
YSR Adarsham beneficiary list
Once all application requests have been collected, it will be the responsibility of the selection committee to pick eligible and deserving candidates. The selection committee will comprise of 8 members. The authorities will check the eligibility of the applicants and the applicants who fulfil the necessary and required criteria will be listed in the list of beneficiaries.
State and District Level-Committees
The government has formed state - and district-level committees to monitor the Adarsham Scheme. The responsibility of the state-level committee is to issue detailed guidelines for the proposed system, monitor functions of all the associated agencies.
This committee will also handle the terms and conditions for Vehicle OEMs and identification of OEMs through a reverse-tendering process and it will ensure minimum payment of GST in transportation.
The responsibility of the district-level will be to assess the transport requirements of the region. It will ensure coordination with banks for loans, support agencies in the procurement of vehicles, identify Adarsham Scheme beneficiaries, and make timely payments. The members of the district level-committee will also monitor the performance of beneficiaries and support welfare corporations in signing agreements with OEMs and banks.
Once an applicant is registered as a beneficiary, s/he will have to apply for the vehicle loan from the list of banks highlighted on the portal since they have clearance to give loans for this scheme. The applicant can select any of the listed banks and fill in the loan application form with personal details. The documents submitted by the applicants will be scrutinized by the bank and after every document is verified, the scheme beneficiary will acquire the credit to purchase a vehicle.
Source:Originally published in NDTV By Rajya Sabha MP V Vijaysai Reddy
Keeping in line with his vision to put AP on track of progress, Hon. CM @YSJagan Garu is implementing 'YSR Adarsham Scheme' which will benefit thousands of youngsters by creating employment opportunities in transportation sector! My article for @NDTV:https://t.co/UNW0kyuxsw— Vijayasai Reddy V (@VSReddy_MP) January 19, 2021