AMARAVATI, AUG.3 (NSS) Chief Minister YS Jagan Mohan Reddy has credited Rs 395 crore to 3.95 lakh beneficiaries under the Jagananna Thodu scheme here on Wednesday besides an interest component of Rs 15.96 crore. The scheme provides Rs 10,000 each to small and petty traders, vendors, and artisans and so far the State has provided Rs 2,011 crore to 15,03,558 families under the scheme to promote self-employment.
The small and petty traders and vendors, who sell their goods and ware on the pavements, tiny shops, and push carts also generate employment and become part of social empowerment. The Chief Minister said “he had seen the plight of such petty traders, who were exploited by money lenders and middlemen besides artisans and the Jagananna Thodu scheme thus evolved and we have kept our promise by paying Rs 10,000 each.
The State has been providing loans to over 5.08 lakh, other State governments in the country have been providing such benefit to 15.03 lakh families which show the scale and size of concern we have towards social and economic empowerment”, he said. For those who repay loans on time, the State has been taking the interest burden and Rs 48.48 crore has been reimbursed to 12.50 lakh families.
