AP CM Jagan to Deposit Rs. 6,394 Cr to SHG Women
Vijayawada: Chief Minister YS Jagan Mohan Reddy will deposit Rs 6,394.83 crore financial assistance to 78.94 lakh self-help group women as part of fourth instalment at Uravakonda in Anantapur district on Tuesday, January 23, under Aasara scheme.
The YSRCP government is providing relief to 78.94 lakh members of 7.98 lakh self-help groups across the state, by extending financial assistance of Rs 25,571 crore (finalized by State Level Bankers Committee as outstanding as on 2019 election date) in four instalments to the same women under YSR Aasara and has already credited Rs 19,176 crores.
With Rs 6,394.83 crore assistance being disbursed on Tuesday, the total financial assistance provided by Jagan Mohan Reddy government so far under YSR Aasara is Rs 25,571 crore.
A statement from Chief Minister’s Office on Monday, alleged that the previous government had pushed DWCRA groups into debts after going back on its promise of writing off their loans on one hand and winding off of Zero-Interest loan scheme since October 2016 on the other.
This resulted in DWCRA women being forced to repay Rs 3,036 crore as additional interest with penalty, it said, adding that as a consequence, ‘A’, ‘B’ grade SHG groups fell to ‘C’, ‘D’ grades and Non-Performing Assets (NPAs) grew to 18.36 per cent.
“Benefitted from ‘YSR Aasara, ‘YSR Sunna Vaddi’, the SHGs have once again become active with 99.55 per cent recoveries. NPAS and outstandings have reduced to 0.17 per cent now from 18.36 per cent,” the release said.
It said the YSRCP government is lending a helping hand to those women who are utilising Aasara, Cheyutha and Sunna Vaddi schemes to create livelihood opportunities.
To facilitate this, the government has entered into MoUs with reputed MNCs like as P&G, ITC, Reliance.
Next Story:
-
Hyderabad Prepares For Scorching Summer As Temperatures Soar
![Hyderabad Prepares For Scorching Summer As Temperatures Soar]()
Hyderabad: The time has come to keep your air conditioners primed and ready to go, as the mercury is all set to rise, settling into a full-fledged summer by the middle of this week. Following the dip in early morning temperatures and low humidity, the weather in Hyderabad and elsewhere in Telangana State is coming back…
-
WATCH | Will Angry Congress and BRS Party Muslim Leaders Join AIMIM?
![WATCH | Will Angry Congress and BRS Party Muslim Leaders Join AIMIM?]()
Hyderabad, Mar 11 (Maxim News): The political dynamics in Telangana are heating up as discussions swirl around the potential shift of Muslim leaders from Congress and BRS to the All India Majlis-e-Ittehad-ul-Muslimeen (AIMIM).
-
Telangana Govt Announces Half-Day Schools Amid Rising Temperatures, Check Dates
![Telangana Govt Announces Half-Day Schools Amid Rising Temperatures, Check Dates]()
Hyderabad, Mar 10 (Maxim News): As the day temperatures continue to soar in Telangana, school students can look forward to some relief. Commencing March 15, the schools will operate half-day as the School Education Department announced half-day schools.
-
Two Software Employees Die In Miyapur
![Two Software Employees Die In Miyapur]()
Hyderabad, Mar 11 (Maxim News): Two software employees died within the limits of the Miyapur police station. One committed suicide after a dispute with his wife, while the other died in an accident.
-
Congress Leader Dies In Road Accident!
![Congress Leader Dies In Road Accident!]()
Huzurnagar/Hyderabad, Mar 11 (Maxim News): Minister Uttam Kumar Reddy’s key aide and former Congress floor leader of Huzurnagar Municipality Kastala Shravan has passed away. He lost his life in a road accident that happened last night.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
