Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on July 18 (Tuesday) released ₹560.73 crore under the Jagananna Thodu scheme, benefiting 5,10,412 small and marginal street vendors and artisans with interest-free bank loans.
The amount released towards the first tranche for the fourth consecutive year includes interest-free bank loans amounting to ₹549.70 crore and ₹11.03 crore being towards interest subvention. The amount would be credited into the bank accounts of the beneficiaries directly. The beneficiaries include 4,54,000 petty traders who have availed of the repeat loans.
Releasing the amount with the click of a button at his camp office at Tadepalli near here, Mr. Jagan Mohan Reddy said Andhra Pradesh is the only State which has been implementing the scheme to help lakhs of petty traders and artisans.
