Online application for the AP Jagananna Thodu Scheme, along with information on its features and benefits. The state government of Andhra Pradesh has introduced a new programme to assist those who work as street sellers in their local communities.
We will give you all the information about the new Jagananna Thodu Scheme introduced by the relevant Andhra Pradesh State government officials in this article today.
You will also find all the eligibility requirements, rewards, programme objectives, and the step-by-step registration process for the necessary scheme announced by the Andhra Pradesh Government in this article. With the aid of the material below, you will be able to understand every step of the Jagananna Thodu programme.
Jagananna Thodu Scheme 2022
The Andhra Pradesh government’s concerned officials have introduced the highly laudable Jagananna Thodu Scheme 2022. The introduction of the programme by Chief Minister Jagan Mohan Reddy will assist the street sellers of the state of Andhra Pradesh greatly.
All of the street vendors in Andhra Pradesh struggling to make a living owing to the coronavirus outbreak will receive working capital loans of 10,000 Rupees from the state government.
With the loans provided to the recipients by the relevant government agencies, this programme would assist street sellers in securing their livelihood and leading a reasonably happy life.
Jagananna Thodu Scheme Launch Date
YSR Jagan Mohan Reddy, the chief minister of Andhra Pradesh, introduced the Jagananna Thodu Scheme on November 25. Small merchants would receive the loan under the Jagananna Thodu Scheme. The beneficiaries will receive this loan without paying interest.
The amount of the loan is Rs 10,000. A total of 10 lakh vendors have applied to benefit from this programme. The Andhra Pradesh government has allocated Rs 1000 crore for this purpose, which has been directly credited to the recipient’s bank accounts.
The loan’s interest payment will be made through the Andhra Pradesh government by reimbursement to the beneficiary’s account.
The Hon’ble CM @ysjagan has introduced #JaganannaThodu, a programme that offers street vendors and other small business owners through Andhra Pradesh interest-free loans up to INR 10,000. Village/ward volunteers have identified 9,05,003 beneficiaries and provided them with smart ID cards. pic.twitter.com/hhWmlvkex9
— CMO Andhra Pradesh (@AndhraPradeshCM) November 25, 2020
3.97 Lakh Beneficiaries to Get Benefit of Scheme
Under the Jagananna Scheme, the Andhra Pradesh government would grant an interest-free loan of Rs 10,000 to 3.97 lakh small traders in the state. On June 2, 2022, the government examined this programme and instructed the village and ward secretariat, district collectors, and rural and urban poverty alleviation agencies to determine the beneficiaries.
The government has also advocated for taking the necessary actions to guarantee that all eligible beneficiaries receive benefits from this programme. A loan can also be obtained from different banks by beneficiaries who have already used the loan and repaid the principal on time. 5.08 lakh small business owners around the state received loans through this programme on February 28, 2022, according to Chief Minister YSR Jagan Mohan Reddy.
Jagananna Thodu Scheme Rs. 395 Crores Loan Disbursement
Bank immediately credited the grantees’ bank accounts with the amount of the interest-free loans on Wednesday, August 3, 2022.
In addition, 3.95 lakh people received brand-new loans with no interest when the Yuvajana Sramika Rythu Congress Party (YSRCP) issued cash totalling Rs. 395 crores and Rs. 15.96 crores to pay interest on previous loans.
The initiative was designed to decrease the challenges experienced by small traders, according to Mr Y.S. Jagan Mohan Reddy, who handled the distribution of the funds. He complimented small business owners for their excellent job.
Jagananna Thodu Scheme Third Phase
On February 28, 2022, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy announced the third instalment of the Jagananna Thodu Scheme. The self-employed traders have received a total of Rs 510.46 crore in interest-free loans under this programme, with a 10% interest rate.
A total of Rs 526.62 has been given to the beneficiaries as interest payments totalling about 16.16 crore. From this programme, 510462 citizens have benefited. The Andhra Pradesh government introduced this programme on November 25.
Since then, 14.16 lakh recipients have received payments totalling Rs 1416 crore from the government. For more information about how to use this program’s benefits, contact the volunteer or stop by the village ward secretariat.
To get their questions answered, citizens can also phone 08912890525.