(AGSY) Atmanirbhar Gujarat Sahay Yojana 2020 Rs. 1 Lakh Loan at 2% Interest Apply Online

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.

Atmanirbhar Gujarat Sahay Yojana

The Government of Gujarat has announced a package of 5000 crores for industries in the state. Under this, Atmanirbhar Gujarat Sahay Yojana 2020 has been started under which a loan of one lakh rupees will be provided for one year at 2% interest rate. Small businessmen, skilled workers, autorickshaw owners, electricians and other people will be included in this scheme.

Atmanirbhar Gujarat Sahay Yojana 2020

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, who are suffering during the time of Corona virus 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 SchemeAtmanirbhar Gujarat Sahay Yojana
Launched ByCM Vijay Rupani
Launch Date14 May 2020
Article CategoryApplication / Registration Form
Apply ModeOnline
Application Starting DateUpdate Soon
BeneficiariesSmall businessmen, skilled workers, auto-rickshaw owners, electricians, barbers
Major BenefitLoans at lower interest rate
Loan Amountupto Rs. 1 lakh
Interest Rate2% per annum
Loan Tenure3 years
Parent SchemeAatmanirbhar Bharat Abhiyan
CategoryGujarat Government Scheme

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

At the time of the corona virus infection, many states including Delhi have taken the initiative to provide 5,000 to such people. Gujarat is of the opinion that such a small amount will not make his life normal.

Collateral Free Loans Under Sahay Yojana

Approximately 10 lakh such beneficiaries will be given a loan of Rs. 1 lakh each from banks at just 2% annual interest to start their lives afresh under Atmanirbhar Gujarat Sahay Yojana. All the loans will be provided on the basis of application and no guarantee will be required. Gujarat govt. will pay the remaining 6% interest on a loan to banks.

On the lines of #AtmaNirbharBharatAbhiyaan, CM Shri @vijayrupanibjp announces ‘Atmanirbhar Gujarat Sahay Yojana’ for the benefit of over 1 million lockdown-hit small traders, hawkers, skilled workers and a cross-section of people falling under the lower middle income group. pic.twitter.com/S5fMVlRDlA

— CMO Gujarat (@CMOGuj) May 14, 2020

According to the guidelines issued by the Government of Gujarat, the tenure of the loans will be 3 years and repayment of principal and interest will start six months after the approval of loan amount. District, scheduled and cooperative banks have been included under this scheme. Right now the state government will come up with detailed information on AGSY in a few days and the loan will be made available to all those who need it.

Aatmanirbhar Gujarat Sahay Yojana Apply Online

Like other schemes by Gujarat government, applications for this loan scheme will also be invited in online mode. There is a possibility of starting a portal for this. All interested people will have to register for this scheme by filling the Atmanirbhar Gujarat Sahay Yojana online form. At the start of the application process for this scheme, we will update it in the website.

The main objective of AGSY is to benefit small businessmen, with the benefit of this scheme will also be given to people belonging to lower middle-income group. According to Aatmanirbhar Gujarat Sahay Yojana, the tenure of the loan will be 3 years and payment of installments will start after 6 months of loan disbursement.

Also ReadGujarat Anna Brahma Yojana: Free Ration For Non-Ration Card Holders, Apply Online

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