Andhra Pradesh Chief Minister YS Jaganmohan Reddy on Tuesday has flagged of the disbursal of Jagananna Thodu to the small scale vendors as an investment assistance at his Camp Office in Tadepalli with the click of a button.The interest-free loans worth 549.70 crore, are aimed to benefit 5.10 lakh petty traders and artisans, each of whom will receive 10,000 under the ‘Jagananna Thodu’ scheme.
The scheme aims to extend financial assistance to poor petty traders and artisans to help them realise financial self-sustenance worth 10,000 per year, in addition to adding 1,000 extra to 10,000 every year for those who took loans and repaid them on time.
The state government repaid 74.69 crore as interest subversion under the plan, including 11.03 crore given on Tuesday to 15.31 lakh beneficiaries who paid their loans on time.So far, a total of 2,955.79 crore in interest-free loans have been issued to petty traders, with 549.70 crore to be distributed on Tuesday to 15,87,492 beneficiaries.
Those who have a five-foot-long and five-foot-wide permanent or temporary business set up in their villages or towns are eligible for the ‘Jagananna Thodu’ scheme, as are street vendors who sell vegetables and food products on push carts, those who establish tiffin centres on the roadside and sell products in baskets, and those who travel on motorcycles and auto rickshaws.
Those interested in applying for interest-free loans should contact local village/ward secretariats or volunteers.
