“Atmanirbhar Gujarat Sahay Yojana” launched in guajarat by the Gujarat Governmet. The scheme seeksto provide an interest subsidy, a moratorium as well as a collateral free loan of up to Rs 1 lakh.
Tthe 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.
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.