The Andhra Pradesh government will release ₹431.58 crore under the Jagananna Thodu, a scheme aimed at providing livelihood to streetvendors, on January 11 (Thursday).
Chief Minister Y.S. Jagan Mohan Reddy would deposit the amount directly into the accounts of the beneficiaries with a click of a button from his camp office at Tadepalli.
The government is releasing the amount for the eighth time. The total amount of ₹431.58 crore includes the new interest-free loans of ₹417.94 crore. The interest-free loans would be provided through banks to 3,95,000 small and marginal traders and artisans at the rate of ₹10,000 while ₹13.64 crore would be provided to 5.81 lakh of the total 16,73,576 beneficiaries as interest subvention, said a release issued by the Information and Public Relations (I&PR) on January 10 (Wednesday).
