You will get a loan of Rs. 1 lakh at an interest rate of 2% : CM Vijaybhai Rupani

You will get a loan of Rs. 1 lakh at an interest rate of 2% : CM Vijaybhai Rupani

You will get a loan of Rs. 1 lakh at an interest rate of 2% : CM Vijaybhai Rupani

You will get a loan of Rs. 1 lakh at an interest rate of 2% : CM Vijaybhai Rupani

Gujarat chief minister on Thursday announced the Gujarat Aatmanirbhar package for the state under which over 10 lakh people will be eligible for loans at lower interest rates.

The package is particularly targeted at small shopkeepers, rickhaw-drivers, vendors and self-employed people. They will be eligible for Rs1 lakh of loan at an interest rate of just 2%. The state will pay the remaining 6% interest on such loans to the concerned bank.

Under the scheme, the beneficiaries will not have to repay the interest and principal in the first six months. An estimated Rs5,000 crore is expected to be provided as an unsecured loan under this scheme.

The loans will be given by the urban co-operatives, dist co-operatives and credit societies in the state. The loan will be for a period of 3 years.

The Chief Minister has announced a self-reliant Gujarat assistance scheme for the people of Gujarat. Regarding the announcement, Chief Minister Vijay Rupani said, “We are announcing a loan of up to Rs 1 lakh for all small shopkeepers or rickshaw drivers with a market interest of 15 per cent at 2 per cent.” Loans up to Rs. 1 lakh will be given only on the basis of application. 2% interest will have to be paid annually. The remaining 6 per cent interest will be paid by the state government. 3% interest will have to be paid after three years. The Chief Minister said that it would feel like giving money without interest. Small people will be able to use this money in their own business.

Hital Parekh / Gandhinagar: The Chief Minister has announced a self-reliant Gujarat assistance scheme for the people of Gujarat. Regarding the announcement, Chief Minister Vijay Rupani said, “We are announcing a loan of up to Rs 1 lakh for all small shopkeepers or rickshaw drivers with a market interest of 15 per cent at 2 per cent.” Loans up to Rs. 1 lakh will be given only on the basis of application.

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