The Gujarat Government has announced a self-reliant Gujarat Sahay Yojana for small traders, artisans, rakidwala and business people to move forward, which will benefit more than 1 million people. The scheme will provide a loan of Rs one lakh per person.
In a public message, Chief Minister Vijay Rupani said that many states have announced Rs 5,000 but nothing will happen. The government has decided that a loan of Rs 1 lakh will be given at a rate of only two per cent. The scheme has been formulated in collaboration with cooperative societies and co-operative banks as well as credit societies.
The chief minister said the borrower would have to pay 2 per cent interest while 6 per cent interest would be paid by the state government. The person will have only six per cent interest for three years while 18 per cent interest will be borne by the government. A person will feel that he has got money without interest.
Rupani said the borrower would not be paid installments or interest for six months. There is no guarantee or guarantee of taking a loan. We have discussed with the banks. These loans will be available for co-operative banks and credit societies. The state has 220 co-operative banks and 1000 branches.
In a public message, Chief Minister Vijay Rupani said that many states have announced Rs 5,000 but nothing will happen. The government has decided that a loan of Rs 1 lakh will be given at a rate of only two per cent. The scheme has been formulated in collaboration with cooperative societies and co-operative banks as well as credit societies.
The chief minister said the borrower would have to pay 2 per cent interest while 6 per cent interest would be paid by the state government. The person will have only six per cent interest for three years while 18 per cent interest will be borne by the government. A person will feel that he has got money without interest.
Rupani said the borrower would not be paid installments or interest for six months. There is no guarantee or guarantee of taking a loan. We have discussed with the banks. These loans will be available for co-operative banks and credit societies. The state has 220 co-operative banks and 1000 branches.