YSR Zero Interest Loan Scheme 2020: Apply Online

Hey there, in this article, we will share with you about a new scheme named YSR Zero Interest Loan, which was implemented by the Andhra Pradesh government for the people of Andhra Pradesh recently on last Friday. The chief minister of Andhra Pradesh State comes forward to help the DCRA affiliation across the Andhra Pradesh state through this scheme. In this very article, we will share with you all the information and required aspects related to this scheme. In this article, we will also share the required documents, eligibility criteria, application process, benefits and other information related to YSR Zero Interest Loan Scheme.

As we already told you that, under this scheme the individuals can get the zero-interest loans from the Andhra Pradesh Government. Andhra Pradesh Government said that this scheme will increase the self-improvement of individuals, especially the females, As the scheme only launched for the women. The chief minister of Andhra Pradesh State said that the YSR Zero Interest Loan Scheme will be executed soon, which will be going most helpful for those, who wanted to grow up the start of up their business. This scheme will give the women affiliations a lift that will help them to act in the COVID -19 pandemic.

Some highlighted Points about YSR Zero Interest Loan Scheme 2020


Name of the Scheme
YSR Zero Interest Loan Scheme for DWCRA Women Associations of Andhra Pradesh
Launched by
The Chief Minister of Andhra Pradesh
Beneficiaries
Self-help groups and DWCRA Women Associations
Objective
Provide Financial Help
Official Website
Coming Soon

Benefits of YSR Zero Interest Loan Scheme

There are many benefits are there of YSR Zero Interest Loan Scheme. The important benefits are as follows:
Under this Scheme, the beneficiaries can get a loan with zero interest.
◦ The gatherings of people who wanted to start a business and has no capital can grow through this scheme.
◦ Especially, this YSR Zero Interest Loan Scheme is designed to giving monetary fund to the DWCRA affiliations.
Individual ladies, who wanted some financial help to start a new business, can apply for this zero interest low scheme.

Important Dates


Date of Implementation
24 April 2020
Date of Fund Release
27 April  2020

Implementation of YSR Zero Interest Loan Scheme

According to a State Report, there are more than 90 lakh women will take profit from this scheme. Even, this scheme will also provide financial help to the various self-improvement gatherings. The distribution of this monetary help under YSR Zero Interest Loan Scheme will help the females and self-improvement gatherings to grow them own and it will also develop the GDP of the State. According to a State Report, the legislature dispensed an astounding total of Rs. 1400 crore.
Sum Already Transferred under YSR Zero Interest Loan Scheme
The Andhra Pradesh Chief Minister said officially about the repayment of 1400 crores of premium sum of credits. This will profit a sum of 90, 37,254 ladies individuals who are the piece of self – improvement DWCRA gatherings, and worry about capitals to grow up their business.

Eligibility Criteria for YSR Zero Interest Loan Scheme

The eligibility criteria to apply for YSR Zero Interest Loan is very simple. Those are as follows:
The applicant, who wanted to apply, should be a permanent resident of Andhra Pradesh State
The applicant must be belonging to the self-help group or DWCRA association of women
The scheme is only designated for the women, so only women can apply for it
The applicant must have a bank account number

Application Procedure of YSR Zero Interest Loan Scheme

As the YSR Zero Interest Loan Scheme was launched recently, so, till now no notification of application procedure and official website is coming. We will provide the application procedure and official website after getting the official notification from the Andhra Pradesh government.

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