Andhra Pradesh: Jagananna Dodu Fund Released Today.. Interest Free Loans For Eligible

Andhra Pradesh will release funds along with Jaganna. Through this scheme, interest-free loans of Rs.10,000 will be provided to small traders. CM Jagan will deposit the cash in the bank accounts of the beneficiaries at the Tadepalli camp office. These loans are provided to small traders, artisans and traditional handicrafts. The government has announced that interest-free loans of Rs.395 crore will be released to 3.95 lakh people. Apart from that, the interest reimbursement of Rs.15.96 crore for the last six months will also be released. Government sources revealed that interest of Rs 48.48 crore has been paid to those who have paid their loans on time. CM Jagan, whose aim is to stand by the small traders, said that he saw their hardships during the padayatra and brought this scheme with the intention of doing something for them. He explained that till now we have done good for 14 lakh people and we have been able to reach the government schemes.

The government will bear the entire interest burden on loans disbursed through Jagananna Todu Patham. We are offering a loan of Rs.10 thousand to each eligible person. Including interest reimbursement of Rs.16.16 crores, the total benefit is Rs.526.62 crores. If you are eligible but do not get the loan, you have to apply in the local village secretariats. We provide the benefits of the scheme only to the deserving ones with complete transparency without any involvement of corruption.

– YS Jaganmohan Reddy, Chief Minister of Andhra Pradesh

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