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Gujarat govt launches "Atmanirbhar Gujarat Sahay Yojana"

Gujarat govt launches "Atmanirbhar Gujarat Sahay Yojana"

“Atmanirbhar Gujarat Sahay Yojana” as been launched by the Gujarat Government. 

The Gujarat government announced a scheme under which people in lower middle income group can avail guarantee-free loan of Rs 1 lakh from banks at 2 per cent annual interest.

The government will pay another 6 per cent interest to banks giving loan under the scheme, Atmanirbhar Gujarat Sahay Yojna (AGSY), targetted at small businessmen and a cross- section of people falling under the lower middle income group.

Gujarat government has a target of lending around Rs 5000 crore via the loan that carries a tenure of 3 years.

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