Announcement of Self-reliant Gujarat Sahay Yojna-2, avail loans up to 2.5 lakhs at 4% interest
Following the lockdown and the economic challenge presented by Corona, the Gujarat government today announced Part 2 of the Self-Reliable Gujarat Assistance Scheme.
Under the Rs 5,000-crore relief scheme, the government will provide loans of up to Rs 1.5 lakh to small traders as well as other middle-income people at an interest rate of 4 per cent without any guarantee.
Earlier, the government announced concessional loans of up to Rs 1 lakh to low-income small shopkeepers, artisans and others.
Most traders as well as traders suffer heavy losses due to two and a half months of lockout. The government recently announced a loan of up to Rs 1 lakh for low income people at 2 percent interest.
Under the scheme, the government will pay six percent interest, while the borrower will have to pay two percent interest.
