Aid under Jagananna Thodu will be disbursed twice in a year: CM
The Hindu
Jagan appeals to beneficiaries to repay loan availed on time
Chief Minister Y.S. Jagan Mohan Reddy on Wednesday disbursed ₹16.36 crore towards reimbursement of interest paid by 4,50,546 small and petty vendors on loans availed by them between November 2020 and September 2021, under the Jagananna Thodu scheme.
On the occasion, Mr. Jagan Mohan Reddy said the scheme was aimed at providing working capital to petty businessmen and artisans, who usually approach private parties for loans and often fall into debt traps.
He said a total of 9,05,458 beneficiaries had availed interest-free loans worth ₹905 crore in two spells under the scheme. Almost 5.35 lakh people took loans in November 2020 and another 3.70 lakh in June 2021.
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