Tadepalli: Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday formally launched the 'YSR Zero Interest Loan' scheme, conceptualized to benefit close to one crore women of the self-help groups in the state.
At an event held at chief minister camp office at Tadepalli, Reddy started the scheme by formally transferring online Rs 1400 crores into account of women towards reimbursement of interest amount on loans.
As soon as the chief minister pressed the button online, the amounts were electronically transferred into 8,78,874 accounts of the DWCRA groups falling under the jurisdiction of SERP and MEPMA.
It is to be noted that this will benefit a total of 90,37,254 women members who are part of the self-help DWCRA groups, spread across the state.
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