The pandemic has disturbed the world quite heavily, especially those who lived on daily wages for their day to day sustenance. Governments all across the world have turned their attention towards the poor who are facing a really tough time owing to the lockdowns this pandemic has brought along.
Paying heed to the plight of the poor, the Chief Minister of Gujarat has launched the Atmanirbhar Gujarat Sahay Yojana which is to help all poor people.
About the scheme
The government of Gujarat has implemented the Atmanirbhar Gujarat Sahay Yojana which provides financial assistance to the poor. The plan is to provide ₹1 lakh advance a 2% loan cost plot. This scheme incorporates little representatives, talented specialists, auto-rickshaw proprietors, circuit testers, and many others whose financial influx has been disturbed due to the pandemic and the consequential lockdown.
Benefits entailed in the scheme
The Gujarat Government will give ₹1 Lakh to the applicant on a 2% interest. This will be a great boon for businessmen who are aiming to revive their businesses post the lockdown is lifted.
Implementation of the Atmanirbhar Gujarat Sahay Yojana
Roughly around 10 lakh recipients will be able to benefit from the ₹1 lakh advance. The 2% interest comes at a great time, especially when small businessmen are basically trying to make up for their losses, instead of aiming for profits at the moment.
The national economy, at the moment, is struggling to get by. With limited manufacturing and trading being the norm, industry owners are facing a tough time making up for the losses they faced. This is when this scheme by the State government comes as a sigh of relief to many.