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“Atmanirbhar Gujarat Sahay Yojana” has been launched in Gujarat.

Team Asian-Times

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“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.

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