Announcement of the scheme
Chief Minister Vijay Rupani has announced 'Atmanirbhar Gujarat Sahay Yojana' for financial assistance to small shopkeepers and self-employed people of Gujarat. Beneficiaries under this scheme will be given 1 lakh loan at 2% annual interest rate without guarantee. The remaining interest will be paid by the state government to the banks. The special feature of this scheme is that no installment or interest will be required to be paid to the beneficiaries in the first six months. It is estimated that more than 10 lakh people will get the benefit of this scheme loan. Rs. Five to six thousand crore will be allocated for it. Loan facility will be provided by 220 urban co-operative banks, 18 district co-operative banks and credit societies. The term of the loan will be up to 3 years.
Benefits of the scheme
- A loan of Rs. 1 lakh
- More than 10 lakh people will benefit from the scheme.
- Loans will be provided at the rate of two per cent
- No interest payable for first 6 months.
- Loans up to Rs. 1 lakh will be given only on application