YSR Zero Interest Loan Scheme 2021 | Applications, Beneficiaries & more

An initiative to empower the women of Andhra Pradesh is taken by the Govt. of the state named it YSR zero-interest loan scheme. Under this scheme, the eligible women beneficiaries of the state will get interest-free loans. Mr. Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh initiated this scheme and sanctioned a sum of Rs. 1400 crores for the implementation of the scheme. This amount is used to pay the interest amount of the loans taken by around 91 lakh women beneficiaries of this scheme. {rimary beneficiaries of this scheme are women associated or affiliated with DWCRA ( Development of Women and Children of Rural Area ) and SHG ( Self Help Groups )

Implementation was started in the month of April 2020 and so far the scheme has benefitted around 9.78 lakh SHGs of the state. The state govt. also, have plans to include eligible farmers as the beneficiaries of the YSR zero interest loan scheme. The agriculture minister of Andhra Pradesh announced that around 14.5 lakh farmer-beneficiaries of the state will be added to the scheme. For farmer-beneficiaries the state govt. will further sanction a sum of Rs. 510.30 crores. People of Andhra Pradesh can access the information on scheme application, eligibility, and all other important information related to the YSR Zero Interest Loan Scheme from below.

YSR Zero Interest Loan Scheme of Andhra PRadesh

Residents of Andhra Pradesh can check their RYTHU Bharosa Payment status from here.

Applications for the YSR Zero Interest Loan Scheme of Andhra Pradesh

Information on the process of identifying and selecting beneficiaries for the scheme is not yet available on the official portals of the state government. There are no application procedures for the people of the state who wants to take benefit of this scheme, the govt. is probably selecting the beneficiaries through surveys with the help of volunteers. The concerned authorities add new beneficiaries in every phase of the scheme implementation so if you are eligible for the scheme then you will eventually come under the beneficiary list. For more information, we recommend visiting the concerned department office near you. Read below to know if you are eligible for the scheme or not.

YSR Zero Interest Loan Scheme eligibility guidelines

Please note that there are no eligibility guidelines published by the officials on the govt. portals, the guidelines mentioned below are taken from the similar schemes of the Andhra Pradesh govt.

  • Only women of the state can be eligible beneficiaries of this scheme.
  • This scheme is only for women residing in Andhra Pradesh state.
  • Association or affiliation with SHG or DWCRA is a must.

Documents Required for the scheme application

The documents mentioned below are the basic documents which the eligible beneficiaries will be required to provide for the YSR zero interest loan scheme application.

Identity Proof
Resident Proof
SHG or DWCRA documents
Bank Account

Objectives and Benefits of the scheme

Through this scheme the state govt. aims to provide financial opportunities to the women of SHG and DWCRA so that they can grow without the stress of interest payments. Beneficiary women are only bound to repay the loan amount as the interest amount is being paid by the state govt. Launching the YSR zero interest loan scheme specifically for the women of the state gives them courage and opportunities to grow and become self-sustainable.

Leave a Comment