AP Govt Releases Rs 766 Crore For YSR Zero-interest Scheme

AMARAVATI: The Andhra Pradesh government headed by Chief Minister YS Jagan Mohan Reddy released  Rs 766  Crore for the implementation of ‘YSR zero interest loans’, said the Ministry of Finance’s Special Secretary, KVV Satyanarayana on Monday, April 20.  Satyanarayana has issued an order to release Rs 765 crore for interest payments on loans taken by Self Help Groups (SHGs).

Satyanarayana said that the Chief Minister YS Jagan Mohan Reddy will re-start YSR Zero Interest Loans on April 24. The state government has also decided to release Rs 1,400 Crore for the implementation of the scheme. He added that Rs 1,400 Crore will be credited directly into the accounts of 93 lakh DWRCA women beneficiaries after April 24.

Blaming the N Chandrababu Naidu led Telugu Desam Party, Satyanarayana said that  YSR's Zero-Interest Scheme, which was implemented during YSR time before the bifurcation of the state was neglected during Chandrababu's regime. Speaking further, the Special Secretary said that the scheme had not been implemented since June 2016 and the YS Jagan government would re-start the scheme, from April 24.