Categories: State News

“Atmanirbhar Gujarat Sahay Yojana” launched in Gujarat

“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.

Important takeaways for all competitive exams:

  • Chief Minister of Gujarat: Vijaybhai R. Rupani; Governor: Acharya Dev Vrat.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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