Small businesses at an interest rate of 2 per cent to Rs. Loan up to Rs 1 lakh, where and when to get the form?

To help the common people of the country in the fight against the Corona epidemic, the central government has announced a self-sufficient India campaign with a package of Rs 20 lakh crore. Chief Minister Vijay Rupani has announced a Atmanirbhar Gujarat Sahay Yojana 2020 with the aim of helping all small businesses in Gujarat. The application form for this Atmanirbhar Gujarat Sahay Yojana 2020 announced by the Chief Minister to rehabilitate small businesses, shopkeepers, street vendors, auto drivers and other artisans in the state from the state of lockdown will be given from May 21.

No fee or charge will be levied, the form has to be submitted by 31st August

In this regard, Chief Minister’s Secretary Ashwini Kumar said that such application forms can be obtained from about 1000 district co-operative bank branches, 1400 urban co-operative banks and more than 7000 credit co-operative societies across the state. To avail the benefits of this ambitious scheme, only the application form has to be filled and returned by 31st August. No other fees or charges will be levied for this purpose.

Under this scheme, the Secretary to the Chief Minister has given Rs. 10 lakh to small businessmen, artisans and business people for 3 years. Loans up to Rs 1 lakh would also be given at an interest rate of only 2 per cent. He added that the loan would be given without any guarantee and at an interest rate of only 2 per cent. Not only that, no installment is charged for the first 6 months of the loan. The Chief Minister has responded well to the appeal made by the Chief Minister to provide such loans for a period of 3 years to the beneficiaries at 8% interest. The Chief Minister has also decided that the state government will pay the remaining 6 per cent interest to small business owners like barber, laundress, plumber, small grocery shop, street vendor, auto driver etc. so that they do not have to bear the burden of interest.

Ashwini Kumar further said that under this important scheme, the state government would provide a total loan of about Rs 5,000 crore under such loan assistance to help small businesses re-emerge from the state of lockdown and help one million people become self-reliant.

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