Gujarat Chief Minister Vijay Rupani addressing the Press Conference at the BJP Headquarter in Jaipur on Thursday. Express Photo by Rohit Jain Paras. 02.05.2019.
“Atmanirbhar Gujarat Sahay Yojana” as been launched by the Gujarat Government. The scheme aims to provide an interest subsidy, a moratorium as well as a collateral free loan of up to Rs 1 lakh. All the above facilities has been launched for over a million small traders, street-vendors and small professionals in the state. Gujarat government has a target of lending around Rs 5000 crore via the loan that carries a tenure of 3 years.
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Loans under the “Atmanirbhar Gujarat Sahay Yojana” would be available at 2% annual interest while the remaining 6% interest would be borne by the state government. A moratorium period of 6 months would also be provided to the beneficiary in which he would not be required to pay either interest of principal amount during this time. It means that the re-payment of principal and interest will start after six months of sanction. The loans under the “Atmanirbhar Gujarat Sahay Yojana” would be available via written application at co-operative banks, district banks and credit co-operative societies.
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