Jagan releases Rs 6,394 cr towards YSR Aasara

Uravakonda (Anantapur dist): Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Tuesday released Rs 6,394.83 crore towards the fourth and final tranche for waiving off balance loans of 78,94,169 women members belonging to 7,98, 395 self-help groups.

They owed a total of Rs 25,571 crore to various banks in 2019. In three tranches earlier, the government has repaid the self-help groups’ loans to the tune of Rs 19,176 crore defaulted during the rule of TDP which promised the loan waiver, according to the Chief Minister.

Addressing a huge public meeting before releasing the amount, he said he was happy to fulfil his 2019 election promise of repaying the bank loans of women’s self-help groups that were not fulfilled by TDP chief N Chandrababu Naidu.

He said that education quality, improvement in literacy rate and security of women are the parameters for assessing the social progress of any State and the government has been focusing on these factors for empowering women.

In the last 56 months, the government has implemented a plethora of welfare schemes in full transparency and without any bias and carried out administrative reforms aiming at social, economic and political empowerment of women, he said, adding that no other state in the country has taken up as many welfare programmes as in Andhra Pradesh.

The government, Reddy said, has so far distributed a whopping Rs 2,66,772.55 crore through DBT and non-DBT welfare schemes to 5,68, 56,709 women.