Andhra government to clear unpaid loans of women defaulters in four installments

Reviewing YSR Cheyutha, the Chief Minister directed the authorities to ensure that no woman runs into losses. The main purpose of the scheme is to make women use the money for sustainable livelihood.

By Newsmeter Network  Published on  16 Sep 2021 3:35 AM GMT
Andhra government to clear unpaid loans of women defaulters in four installments

Vijayawada: Chairing a review meeting, Chief Minister YS Jagan Mohan Reddy said the previous government betrayed the women by not clearing their outstanding loans.

"With the non-repayment of these loans, the government has taken up the responsibility and clearing them in four installments. Had Chandrababu cleared those loans in 2014, the burden would have ended there. Since he told them not to repay and failed to keep his promise, the burden fell on the women resulting in a great loss," he said.

Jagan said the government has directed the authorities to create awareness among the women about welfare schemes like Asara and Cheyutha.

He said officials should come up with special programmes ahead of the disbursement of the second tranche under Aasara initiative. He said the money given under Aasara should be deposited in unencumbered accounts so that the banks cannot deduct the money for unpaid debts.

The Chief Minister directed the officials to ensure spot documentation while availing loans for employment avenues. He said steps should be taken to provide a loan of Rs 35,000 at 25 paise interest.

He said the government is committed to the economic development of women and thus brought welfare schemes like Aasara and Cheyutha. He said the government also revived zero-interest loans for women entrepreneurs that were canceled during the TDP regime and partnered with major companies like ITC, Reliance, and Amul.

Reviewing YSR Cheyutha, the Chief Minister directed the authorities to ensure that no woman runs into losses. The main purpose of the scheme is to make women use the money for sustainable livelihood.

Officials informed the Chief Minister that over eight lakh DWACRA groups were benefited under the Aasara scheme. The government has disbursed Rs 6330.58 crore in the first tranche.

Officials said that the social audit has been completed and the lists have also been displayed in the village secretariats.

Similarly, almost 3 lakh women have set up businesses like retail shops, rearing cattle, buffaloes, sheep, and goats under YSR Cheyutha. In the second phase, the government is aiming to create employment opportunities for 2,21,598 women.

The government has launched sustainable economic growth plans with Procter & Gamble, ITC, Hindustan Unilever, Reliance Retail, Amul, and Allana companies last year. This year, the government is signing MoUs with Reliance's Ajio, Tanager, Rural Development Center, Mahindra, Gain, and Kalgudi.

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