Gujarat government has launched Atmanirbhar Gujarat Sahay Yojana to provide Rs. 1 lakh loan at 2% interest rate scheme. This is state govt’s helping hand in the form of Rs. 5000 crore package for people. It includes small businessmen, skilled workers, autorickshaw owners, electricians and others whose economic activities have been disrupted due to the ongoing COVID-19 lockdown.
The state government of Gujarat will pay another 6% interest to banks giving loan under the Atmanirbhar Gujarat Sahay Yojna (AGSY) targeted at small businessmen.
Atmanirbhar Gujarat Sahay Yojana
Gujarat govt. has announced Atmanirbhar Gujarat Sahay Yojana in which lower middle income group can avail guarantee-free loan of upto Rs. 1 lakh from banks. This loan amount will be provided at an annual interest rate of 2% as it seeks to help them get back to normal life disrupted by the Coronavirus lockdown. Moreover, govt. will also pay another 6% interest to banks giving loans under the scheme.
Aatmanirbhar Gujarat Sahay Yojana Apply Online Form
Just like other loan schemes, the state govt. of Gujarat will invite Aatmanirbhar Gujarat Sahay Yojana online application form. These applications may be invited through the Gujarat govt. official website or a new dedicated portal. People will have to make registration for this scheme by filling Atmanirbhar Gujarat Sahay Yojana apply online form. As soon as the online application process will start, we will update it here.
This AGSY scheme aims to benefit small businessmen and cross section of people falling under the lower middle income group. As per the Aatmanirbhar Gujarat Sahay Yojna, loan tenure will be of 3 years and payment of installments will begin after 6 months of loan disbursal.
Details of Aatma Nirbhar Gujarat Sahay Yojana
Here are the important features and highlights of the new scheme:-
| Name of the Scheme | Atmanirbhar Gujarat Sahay Yojana |
| Launch Date | 14 May 2020 |
| State | Gujarat |
| Article Category | Application / Registration Form |
| Apply Mode | Online |
| Beneficiaries | Small businessmen, skilled workers, auto-rickshaw owners, electricians, barbers |
| Major Benefit | Loans at lower interest rate |
| Loan Amount | upto Rs. 1 lakh |
| Interest Rate | 2% per annum |
| Loan Tenure | 3 years |
| Repayment of Principal and Interest | 6 months after loan sanction date |
| Parent Scheme | Aatmanirbhar Bharat Abhiyan |
| Launched By | CM Vijay Rupani |
Who are Aatm Nirbhar Gujarat Sahay Yojana Beneficiaries
The state government has launched Atmanirbhar Gujarat Scheme for the following group of people as mentioned below:-
A) Small businessmen
B) Skilled Workers
C) Autorickshaw owners
D) Electricians
E) Barbers
F) Other people with lower income
Various other states like Delhi has declared assistance of Rs. 5,000 or so to such people. The state govt. of Gujarat has an opinion that such a small amount will not bring their life back of normal.
Collateral 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.
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