Aatm Nirbhar Gujarat Sahay Yojana (AGSY) 2020. 1 Lakh loan @ 2% interest.

Gujarat CM Shree Vijaybhai Rupani has announced Aatma Nirbhar Gujarat Sahay Yojana for small traders and shopkeepers. It is about One lakh Rs. loan. The main and the biggest advantage of this scheme is that the borrower does not have to pay any guarantee for the loan. The rate of this scheme is about 2%.  In this regard, Gujarat's Co-operative leader and Gujkamasol Chairman Shree Dilip Sanghani said that so far no government has come up with such a scheme. This will help a lot to the people to run their own business after such lockdown because of COVID 19.  

A person will get Rs 1 Lakh loan under the Aatm Nirbhay Yojana.

A person has to pay 2% interest on the loan, the state government will have to pay 6% interest on it.

Small workers like barbers, washermen, plumber, street vendors, auto drivers, Small Grocery shop owners will get the loan.

The form distribution will start from 21 May 2020.

Forms will be available from a total of 9000 places including 1000 District Co-Operative Bank Branches, 1,400 Urban Co-Operative Banks, 7,000 Credit Co-Operative Societies in the State.

Small traders or businessmen who wish to take benefits have to fill the form and submit it till 31 August on the branches.

There is no fee on the loan. No one has to pay any commission for getting a loan. 

A person who wishes to avail such benefits has to submit documents decided by the government. An applicant does not have to give any guarantee.

 No installment to be paid for the first six months of the loan. The loan will have to be repaid in installment later. 

The scheme has been launch to the small traders for making them Self-Reliant and making the country Self-Reliant.  

  Note:- Please always double-check with the official website.