Andhra Pradesh government has launch ed AP YSR Asara Scheme 2020 for Women Self Help Groups (SHGs) on 11 September 2020. In this debt waiver scheme, the state govt. will reimburse outstanding loans of SHGs.
People would be able to check their status, beneficiary list of scheme aiming to forgive loans.
Many women in Andhra Pradesh state have incurred massive loans and now would get relief under YSR Asara Scheme.
These loans were taken to cope up with expenses towards education, health care, elderly care, daily needs and other emergencies.
A total amount of Rs. 6345.87 crore would be released for the benefit of 7,91,257 SHGs.
Women will now come out of the vicious cycle of debts which they were in due to incapability to cope with exorbitant rates of interest. It is a big step to help women as govt. will give big relief by forgiving their loan amounts.
