YSR Asara Scheme: AP CM YS Jagan Mohan Reddy Releases Rs 6,419-Cr To Help Women Self-Help Groups

Under Asara scheme, outstanding bank loans of eligible women Self-Help Groups will be written off to enable them to stand on their own feet

Andhra Pradesh CM YS Jagan Mohan Reddy releases YSR Asara scheme.

Source : ANI file

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Saturday disbursed Rs 6,419 crore under the third tranche of YSR Asara scheme, benefiting as many as 74.94 lakh women, as per a PTI report. Under Asara scheme, outstanding bank loans of eligible women Self-Help Groups will be written off to enable them to stand on their own feet. Meanwhile, the CM also provided financial assistance to families whose members are suffering from serious health issues.

Reddy released these funds with the click of a button, reiterating that the State government would continue to work for the educational, social, economic and political empowerment of women.

He noted that the southern state has spent upto Rs 2.25 lakh core towards women's welfare through various programmes such as 'Amma Vodi', 'Cheyuta', 'Kapu Nestam', 'EBC Nestam', 'Vidya Devena' and others.

According to the Chief Minister, more than 9.8 lakh women have reportedly launched their own business units such as stores, poultry farms, food processing units, vegetable shops and others through the scheme.

Besides collaborating with corporates like L&T, Reliance, P&G, ITC, Amul and Mahindra to guide women's self-help groups to turn into entrepreneurs, the government has also made the banks slash interest rates between 7 and 9 per cent from 13 per cent, and it is also working towards reducing it further, the Chief Minister said.

Besides the scheme, the Chief Minister laid foundation stones for several developmental activities virtually such as a Rs 69 crore lift irrigation-cum-drinking water project at Jagannadapuram in Pedavegi Mandal which will supply drinking water to 42 villages.

CM Extends Financial Aid To People With Serious Health Issues

Besides releasing the Asara scheme, CM Jagan on Saturday provided financial assistance to families with members suffering from serious health issues. While the CM disbursing the funds under the YSR Asara scheme, a group of people whose family members are suffering from serious health issues approached him, said The New Indian Express report. The CM provided financial assistance of over 21 lakhs to people who approached him.