Chief Minister Y.S. Jagan Mohan Reddy has said it is a matter of pride for the state that it has sanctioned 24, 06,000 loans out of a total of 39,21,000 loans given out in the entire country and hence took the top place in disbursals.
The chief minister released Rs.395 crore under the Jagananna Thodu scheme as interest-free loans via banks to benefit 3.95 lakh petty traders and artisans, each getting Rs.10,000. He also released Rs.15. 17 crore towards reimbursement of interest to benefit 13.28 lakh beneficiaries, who have repaid the loans promptly in the last six months.
Releasing the amount by the click of a button at his camp office here on Wednesday, Jagan Reddy said the beneficiaries, besides becoming a part and parcel of the self-employed community, are also helping the Society indirectly.It is a matter of pride for the state that it has sanctioned 24, 06,000 loans out of the total 39,21,000 loans given in the entire country, the CM said.
The chief minister explained that out of the total 15,31,347 beneficiaries, 8,74,745 traders and artisans were promptly repaying their previous loans and have become an inseparable part of the scheme by recycling their loans in a disciplined manner.