Interest free loans to women in AP

The Andhra Pradesh government on Friday revived the ”zero interest” loan scheme for women self-help groups (SHGs) in the state. Chief Minister Y S Jagan Mohan Reddy re-launched the scheme by releasing a sum of Rs 1,400 crore for the SHGs.

The decision is expected to benefit over 8.78 lakh SHGs in the state involving over 93.80 lakh women.

The government was prioritising the welfare and development of women, and highlighted various schemes the government has introduced for the same. Despite the precarious financial condition in the wake of the coronavirus outbreak, coming up with a scheme to benefit women,is relay commendable.

The zero interest scheme would prove beneficial to the women SHGs, he said and listed out the slew of schemes launched by his government for the welfare of women.