The Gujarat government will start the distribution of application forms from for those who want to avail the guarantee-free loan of Rs 1 lakh under the state government’s Atmanirbhar Gujarat Sahay Yojna (AGSY).The forms will be distributed through more than 9,000 outlets across the state.The Gujarat government will start distribution of application forms from for those who want to avail the guarantee-free loan of Rs 1 lakh under the state’s the Atmanirbhar Gujarat Sahay Yojna (AGSY),
Under this scheme, people running small businesses and those from the lower-middle-income group can avail guarantee- free loan of up to Rs 1 lakh from banks at 2 per cent annual interest as it seeks to help them get back to normal life disrupted by the COVID-19 lockdown.From cooperative banks will begin distribution of forms for Rs 1 lakh loan under the Atmanirbhar Gujarat Sahay Yojana.
aatmanirbhar gujarat sahay yojana
In this article, we will share with you all the implementation procedure of the scheme and the application procedure for the small businessman who wishes to apply for this scheme.This is state Government assistance as Rs. 5000 crore bundle for individuals. It incorporates little representatives, talented specialists, autorickshaw proprietors, circuit testers and others whose monetary exercises have been upset because of the continuous COVID-19 lockdown. The state administration of Gujarat will pay another 6% enthusiasm to banks giving credit under the Atmanirbhar Gujarat Sahay Yojna (AGSY) directed at little businesspeople.
Highlights of Aatma Nirbhar Gujarat Sahay Yojana
1
Name of the Scheme
Atmanirbhar Gujarat Sahay Yojana
2
Launch Date
14 May 2020
3
State
Gujarat
4
Article Category
Application / Registration Form
5
Application Mode
Offline through District Co-operative banks, urban co-operative banks and credit societies.
6
Beneficiaries
Small businessmen, skilled workers, auto-rickshaw owners, electricians, barbers
The Eligible candidates under the Gujarat Sahay Yojana are mentioned below in the following list:-
Small businessmen
Skilled Workers
Autorickshaw owners
Electricians
Barbers
Free Loans
Approximately 10 lakh such beneficiaries will be given loan of Rs. 1 lakh each from banks at just 2% annual interest to start their lives afresh under Atmanirbhar Gujarat Sahay Yojana. All the loans will be provided on the basis of application and no guarantee will be required. Gujarat govt. will pay remaining 6% interest on loan to banks.
The tenure of such loans will be of 3 years and re-payment of principal and interest will start after six months of sanction of loan amount. The state government has come up with this scheme after discussion with district, scheduled and cooperative banks. Furthermore, the state government will come out with detailed information on AGSY in a few days and loan will be made available to all those who are in need of it.
The application forms for Atmanirbhar Gujarat Sahay Yojana will be available at more than 9000 places including about 1000 District Co-operative bank branches, 1400 urban co-operative bank branches and more than 7000 credit societies. Loans will be given by state cooperative bank, 18 district cooperative banks, 217 urban cooperative banks and credit societies.
The dully filled application form can be submitted at any of the branches of the District Co-operative banks, urban co-operative banks and credit societies in Gujarat along with the required documents.
Related Questions & Answers
What is the aim of Atmanirbhar Gujarat Sahay Yojana?
This 5000 Crore package aims to provide loans to small businessmen, skilled workers, autorickshaw owners, electricians etc. so that they can continue their work.
When was this scheme announced?
The scheme was announced on 15th May 2021.
What is the procedure to avail the loan under this scheme?
The application procedure is not shared yet by the concerned department. Seems like they are finalizing the process. Once details are shared we will let you know.
What is the interest rate on the loan?
The interest rate under this scheme is 2%. State government is bearing 6% interest rate.
Tell something about the Moratorium period?
This scheme has 6 Months Moratorium period i.e. during this time, No interest + Principal payable during that period.
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