all other details will be given to you in this article. Govt set to give Rs. 1 Lakh Loan at 2% Interest for 3 years in Atmanirbhar Gujarat Sahay Yojana The Central Government has launched Atmanirbhar Sahay Yojana (AGSY) to provide financial assistance to medium and small-scale industries in times of Coronavirus infection. The Government of Gujarat has announced a package of 5000 crores for industries in the state. Under this Atmanirbhar Gujarat Sahay Yojana has been started under which a loan of one lakh rupees will be provided for one year at a 2% interest rate.
Small businessmen, skilled workers, autorickshaw owners, electricians, and other people will be included in this scheme. Here in this article, we will share with you the details of the application process, incentive amount, implementation of the scheme, and other details.
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Atmanirbhar Gujarat Sahay Yojana
The Atmanirbhar Gujarat Yojana has been announced to provide guarantee-free loans to small businessmen, skilled laborers, autorickshaw owners, electricians, and small and medium industries in the MSMEs sector. Under this scheme, financial assistance will be provided to the industries, that are suffering during the time of Coronavirus infection. The state government of Gujarat will pay 6% interest to banks lending under Atmanirbhar Gujarat Sahay Yojana (AGSY) targeted at small businessmen. Through this scheme, the government is trying to get the economy back on track by supporting medium industries in times of this epidemic. You can avail this scheme by applying in online mode.
Highlights of Atmanirbhar Gujarat Sahay Yojana
| Name of the Scheme | Atmanirbhar Gujarat Sahay Yojana |
| Launched By | CM Vijay Rupani |
| Launch Date | 14 May 2020 |
| Article Category | Application / Registration Form |
| Apply Mode | Online |
| Application Starting Date | Update Soon |
| Beneficiaries | Small businessmen, skilled workers, auto-rickshaw owners, electricians, barbers |
| Major Benefit | Loans at lower interest rate |
| Loan Amount | upto Rs. 1 lakh |
| Interest Rate | 2% per annum |
| Loan Tenure | 3 years |
| Parent Scheme | Aatmanirbhar Bharat Abhiyan |
| Category | Gujarat Government Scheme |
Atmanirbhar Gujarat Sahay Yojana Benefits
The Gujarat government’s plan to lane this is to help all poor businessmen whose businesses have been hit by the coronavirus and are not financially capable of reviving their businesses. Such people will be given a loan of one lakh rupees by the Government of Gujarat at 2% interest. This scheme will be of great benefit to all businessmen who want to revive their business. The deal stated by the concerned officials of the Gujarat government is better than all other states with an incentive of only Rs 5000.
Atmanirbhar Gujarat Sahay Yojana Objective
The Atmanirbhar Gujarat Sahay Yojana’s main objective is to provide loans to all the businessmen whose business has been suffering due to lockdown in corona virus. A loan of Rs 1 lakh is being provided by the government at 2% interest. Businessmen from Gujarat can resume a closed business (due to their corona virus lockdown) with this loan.
Atmanirbhar Gujarat Sahay Yojana Features
- This scheme is beneficial for 10 lakh small businessmen of the state such as vegetable sellers, grocery shopkeeper,s and autorickshaw driver.
- Collateral-free loans of up to Rs 1 lakh will be provided to the beneficiaries.
- The applicant will pay interest of 2% per annum and the state government will pay the remaining 6% interest.
- Beneficiaries will get 6 months extension
- Only cooperative banks, district banks, and credit cooperative societies will provide this loan.
- 5000 crores have been approved by the government for this project.
Atmanirbhar Gujarat Sahay Yojana Key Points
Loan amount: A loan of Rs 1 lakh will be given to the businessman under Atmanirbhar Gujarat Sahay Yojana so that they can restart their business, which has been affected during the lockdown of coronavirus.
Tenure of the loan: The duration for a loan under Atmanirbhar Gujarat Sahay Yojana is for 3 years. This means that within a period of three years the loan has to be repaid.
Interest rate: Under the Scheme, a loan amount of Rs 1 lakh will be provided to beneficiaries at 2% per annum interest.
Eligibility Criteria and Required Documents
- Only the permanent resident of Gujarat state in India Can avail the benefit of this scheme.
- Candidates who belong to below the poverty line (BPL) category can apply to get the benefit of this scheme.
- Candidates needs following documents to apply under the scheme:
- Aadhar card
- Domicile certificate
- Income certificate
- Mobile number
- Passport size photograph
- Ration card
Who can take advantage of Atmanirbhar Sahay Yojana?
Here we have provided the list of those people for whom the Atmanibhar Gujarat scheme has been started:
- Small businessman
- Skilled workers
- Autorickshaw owner
- Electrician
- Barbers
- Low income people
Aatmanirbhar Gujarat Sahay Yojana Apply Online
All the applicants who want to apply online under this scheme can follow the process provided below:
- First of all you have to go to the official website of the Atmanirbhar Gujarat Sahay Yojana. After this, the homepage of the website will open in front of you.
- On the homepage of the website, you have to click on the option of “Gujarat Sahay Yojana Application Form PDF” in the menu. After this, a new page will open in front of you.
- Here on this page you can check the application form in PDF Format. Download this form and take a printout.
- Also you can get this form from more than 9000 places including about 1000 District Co-operative bank branches, 1400 urban co-operative bank branches and more than 7000 credit societies.
- Fill this form with your personal details, bank details and contact details.
- After filling the form completely attach the required documents with the form.
- Submit this application from to any of the branches of the District Co-operative banks, urban co-operative banks and credit societies of Gujarat State.