Jan 25, 2021, 16:18 IST
AMARAVATI: With Andhra Pradesh Chief Minister YS Jagan Mohan Reddy giving high priority to the welfare schemes and ensuring the loan disbursement process to be completed by the end of March, 5.01 lakh small traders have received interest free loans of up to Rs 10,000 under the Jagananna Thodu scheme so far.
The scheme was launched on November 25 last year and a review meeting over the progress of the scheme was conducted on the 18th of this month.
As per reports banks have extended interest-free loans to about 5.82 lakh small traders. Of this, loans were given to 5.01 lakh small traders. A total of 9.65 lakh applications were sent to the bankers who were eligible for the scheme.