Advertisement of Atmanirbhar Gujarat Sahay Yojna-2, loan up to 2.5 lakhs at 4% interest
Gandhinagar: Following the economic challenge posed by the lockout and corona, the Gujarat government today announced the self-sufficient Gujarat Sahay Yojana-2. Under the Rs 5,000 crore relief scheme, the government will provide loans of up to Rs 2.5 lakh to small traders and other middle-income people at an interest rate of 4 percent without any guarantee.
As per the announcement made by the government, the forms of this scheme will be available in cooperative banks from July 1, 2020. This form can be filled and submitted by September 30, 2020. Depending on the eligibility of the applicant, he will get a loan of 1 lakh to 1.5 lakh rupees at 4% interest. Under the scheme, the corporate bank will provide loans at an interest rate of 8 percent, but the government will pay half of the interest.
There will be no installment for the first six months after the loan is approved. The loan amount will have to be repaid by the bank after six months with four percent interest in 30 months. If a person violates this condition then he will not be able to avail the scheme.
Earlier, the government announced concessional loans of up to Rs 1 lakh to low-income small shopkeepers, artisans and others.
Read In Gujarati Click Here
ગુજરાતીમાં માહિતી માટે અહીં ક્લિક કરો
Most traders as well as traders also incur heavy losses due to a two-and-a-half-month shutdown. 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.
Gandhinagar: Following the economic challenge posed by the lockout and corona, the Gujarat government today announced the self-sufficient Gujarat Sahay Yojana-2. Under the Rs 5,000 crore relief scheme, the government will provide loans of up to Rs 2.5 lakh to small traders and other middle-income people at an interest rate of 4 percent without any guarantee.
As per the announcement made by the government, the forms of this scheme will be available in cooperative banks from July 1, 2020. This form can be filled and submitted by September 30, 2020. Depending on the eligibility of the applicant, he will get a loan of 1 lakh to 1.5 lakh rupees at 4% interest. Under the scheme, the corporate bank will provide loans at an interest rate of 8 percent, but the government will pay half of the interest.
There will be no installment for the first six months after the loan is approved. The loan amount will have to be repaid by the bank after six months with four percent interest in 30 months. If a person violates this condition then he will not be able to avail the scheme.
Earlier, the government announced concessional loans of up to Rs 1 lakh to low-income small shopkeepers, artisans and others.
Read In Gujarati Click Here
ગુજરાતીમાં માહિતી માટે અહીં ક્લિક કરો
Most traders as well as traders also incur heavy losses due to a two-and-a-half-month shutdown. 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.
