The AP government is preparing to implement another scheme.CM Jagan is implementing the promises given in the elections one by one.The third installment of ‘Jagannanna Thodu’ will be credited on Monday, February 28, 2022.5.10 lakh interest free loans will be disbursed.Rs.510.46 crore interest free loans, the first two instalments of interest is Rs.16.16 crore will be deposited in beneficiaries accounts.
The AP government has provided loans to 5.35 lakh people in the first tranche and 3.70 lakh people in the second tranche.It is estimated that a total of 14.16 lakh people will benefit from the scheme including the third tranche.
It is learned that the AP government has decided to distribute interest free loans to small traders under the Jagananna Thodu scheme.
As part of that, CM Jagan will deposit the loans in the accounts of the beneficiaries on Monday.He will formally open at his camp office at 11 a.m.Loans will be provided to small traders, artisans.On November 25, 2020, the government launched a special ‘Jagannanna Todu’ scheme.The scheme provides loans at the rate of Rs.10,000 per beneficiary without any collateral.The borrower has to repay the loan in 12 easy installments.
The interest is paid directly by the government to the beneficiaries.
