Gandhinagar: Gujarat Chief Minister Vijay Rupani today in a video briefing here announced ‘Atmanirbhar Gujarat Sahay Yojana’ for lockdown-hit small shop-keepers and self-employed people.

Upto Rs. 1 lakh loan at 2 per cent annual interest rate will be given without guarantee to beneficiaries under this scheme. Rest 6 per cent interest will be repaid to the banks by the State government.

Moratorium period will be first six month. So a person will not need to pay any installment or interest in the first six months.

Estimatedly, more than 10 lakh people will benefit from this unsecured loan worth total estimated amount of Rs. five to six thousand crore. Loans will be given by 220 Urban cooperative banks, 18 district cooperative banks and credit societies. Loan period will be 3 years.

The other states have announced Rs. 5,000 assistance which is insufficient for them, Rupani said. He said while market interest of loan is minimum 10 t0 12%, the government is facilitating loan at rate of 2%.

DeshGujarat