Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy launched the PM Street Vendors Atma Nirbhar Nidhi (PM SVANidhi) scheme. Therefore this meant for extending collateral-free loans. Up to Rs 10,000 each to street vendors. However he named it after himself, drawing strong criticism from the BJP.
The Chief Minister renamed the Central Sector Scheme, after himself. He named it as ‘Jagananna Todu’. Claiming that the state government would bear the full interest on the loans. However the state BJP pointed out that Jagan has usurped one more Central scheme. Similarly they slammed against starting that he affixed his own name to it.
“PM SVANidhi has been brought in as part of the Atma Nirbhar Bharat package post-Covid-19. It is shameful that the Chief Minister has changed the schemes name,” BJP state general secretary S Vishnuvardhan Reddy said in a statement.
Under PM SVANidhi, the vendors availing of loans eligible to get an interest subsidy of seven per cent. The AP government, however, made it a zero interest scheme. They added that the interest amount would be reimbursed and credited into the borrowers account.
The Centre introduced the PM SVANidhi as a special micro-credit facility for street vendors. Therefore this to help them resume their businesses. After the Covid-19 Unlock. The scheme launched through a video conference.
“The street vendors are in the unorganised sector. Have no access to institutional credit. The private lenders charged 3, 4 or even 10 per cent interest. We wanted to usher in a change in their lives. This by offering them institutional credit,” Jagan said.
In the first phase 9.05 lakh street vendors in the state given Rs 905 crore as interest-free loan he stated. Similarly if loans promptly, the banks extend fresh credits. Even higher amounts given. He assured that no eligible vendor left out of the scheme. Similarly the application process continue for one or two more months.
Also read : https://latesttales.com/latest-news/9758/
Good Friday remind us about Jesus Christ struggles and sacrifices PM Modi says
On the goodness of Good Friday PM Narendra Modi gave a message that, “Good Friday reminds us about the struggles...
India’s Inflammation “Uncomfortably High”
Moody’s Analytics said on Tuesday, India’s inflation is at “Uncomfortably high” level, which is an exception among Asian Economies. Higher...
States Restriction On Holi Celebrations : COVID-19
Continuous spike in the coronavirus cases some states impose to restriction on Holi celebration. The Center has advised states and...
Kashmir’s Tulip Garden All Set To Open : PM Modi
Indira Gandhi Memorial Tulip garden, situated on the banks of the Dal Lake, Jammu and Kashmir is all set to...
COVID-19 : MAHARASHTRA CM SAYS LOCKDOWN IS AN OPTION
Maharashtra Chief Minister Uddhav Thackeray said that lockdown is an option to deal with COVID-19 situation. More than 25,000 Covid-19...
CRICKETER TURNED POLITICIAN NAVJOT SIDHU MEETS PUNJAB CM
The meeting has been launched at Siswan near Chandigarh for the second time in nearly four months, between Punjab Chief...
Yashwant Singha, ex-BJP leader, has been appointed as Vice President of Trinamool Congress Party
The former BJP (Bharatiya Janata Party) leader and famous politician Yashwant Sinha, who has recently joined the Trinamool Congress ahead...
A heartwarming story of Ankita Sharma that will surely inspire you.
Whatever it takes Never give up! We often hear this but there are only few people who strongly believe in...
Tirath Singh Rawat
Now, Tirath Singh will be the next chief minister of Uttarakhand. He was sworn in as the new Chief...
PM Narendra Modi hints at election dates for four states by March 7
PM Narendra Modi on Monday hinted at the possibility of the Election Commission announcing poll dates for four states —...
LIFE STYLE7 months ago
Newbie Anirudh Sharma is all ready to make his debut as a singer with ‘Tom Cruise’
LIFE STYLE8 months ago
Tips For YouTuber in This Pandemic Situation Covid – 19 By Gaurav Zone
ENTERTAINMENT7 months ago
Shifa Arif Memon – The Prominent Self Made Influencer .
ENTREPRENEURSHIP7 months ago
Springfield’s Farooq Syed is named as one of the most influential real estate CEOs in Dubai.
LIFE STYLE9 months ago
ENTERTAINMENT9 months ago
KGF-2 poster released| Sanju baba reveals his look as a villain
ENTERTAINMENT8 months ago
Social media tips from Sameer Mark- The social media influencer
ENTERTAINMENT7 months ago
Kismat Kalra- The 14 Years Old Youngest Influencer.