Y.S. Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh (A.P.,) is all set to launch the Jagananna Thodu Scheme on the 25th of November.
The Yuvajana Sramika Rythu Congress Party (YSRCP) Government’s Jagananna Thodu, scheme would provide financial assistance to small vendors and hawkers in Andhra Pradesh.
Under the scheme, eligible vendors and hawkers can apply for interest free loans starting from Rs. 10,000.
Vegetable vendors, fruit vendors, small
shopkeepers, pushcart vendors, and traditional artisans are eligible to apply for the scheme.
The volunteers of the village/ward secretariat have identified the beneficiaries in the recent survey and the list of beneficiaries is being displayed at secretariats for social audit. If any eligible person was not covered in this scheme, they can still apply through volunteers
According to sources, nearly 10 lakh vendors have applied to avail the scheme till date.
In regard to this, today Y.S. Jagan Mohan Reddy would release Rs. 1,000 crore, which would directly be credited to the accounts of beneficiaries.
The decision to launch the scheme was taken to empower small vendors and assist them financially to grow their business.
Another major objective of the scheme is to free vendors from heavy interest on the loans taken from private parties.
In addition, to ensure corruption free transactions the State Government also started a special web portal to coordinate with banks and implement the scheme.
The beneficiaries will also be provided with QR-based smart ID cards and the proceedings of the scheme would be monitored by SERP and MEPMA officials.
Stay tuned for further updates.