Andhra CM credits Rs 1,109 cr to women under zero interest scheme


Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Friday credited Rs 1,109 crore into the bank accounts of 1.02 crore women belonging to different self-help groups (SHG) as interest reimbursement under the ‘YSR Sunna Vaddi’ (zero interest) scheme.

“The state government stands for women’s empowerment and thus it rolled out schemes like Sunna Vaddi, Aasara, Cheyutha and Jeva Kranthi to strengthen women in all aspects,” Reddy said as he transferred the funds.

Similar to 2020, the state government paid the interest amount to women who took loans from banks in this year as well.

According to the Chief Minister, women from SHGs were allegedly burdened with over Rs 3,000 crore penal interest in the previous regime, believing that the previous government would waive off the loans as promised during the 2014 polls.

Reddy said that the number of beneficiaries under the scheme has gone up from 8.71 lakh to 9.34 lakh, empowered by the confidence in the current government.

“The government is committed to women’s welfare, economic progress and overall development of women,” he noted.

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  1. From the beginning of the Corona, he is helping people in big way via different schemes. Many people struggled for food without jobs during lock down, but he helped them with the needs and money. True leader and Peoples leader.

    • wait for 1 more year and every thing will stop. he just taking loans more than AP can afford .The loan burden is on AP people and not ysrcp. mark my words new rules and laws will be framed to stop such
      such things.
      even till today april-24-2020 pensioners didn’t get there pension. 20% govt employees didn’t get there salary

      still the current govt is due of more than 6500 cr salaries to employees ( which they didn’t pay) during corona
      this mad publicity had bankrupted AP


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