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YSR Aasara
Launching
YSR Aasara scheme was launched on 11 September 2020.
Crux
The primary objective is to provide financial assistance to Rural and Urban poor women in Self Help Groups who availed bank loans for financial needs by reimbursement of the entire bank outstanding loan amount of Rs. 27,168 crores as of 11.04.2019 in four installments from the financial year 2020-21 through respective Welfare Corporations.
This will create access to enhanced livelihood opportunities, income generation, and wealth creation at the household level, on a sustainable basis leading to better standards of living of poor SHG members both in rural and urban areas. An amount of Rs. 6,792 Crores was disbursed to 8.71 lakhs SHGs SB Accounts under 1st installment on 11 September 2020. SERP in rural areas and MEPMA in urban areas shall be the implementing & monitoring Agency and identification of eligible SHG/ SHG members for the scheme.
Eligibility
Women SHGs that have availed bank finance under SHG BANK LINKAGE SCHEME from Scheduled Commercial Banks, Regional Rural Banks and Cooperative Banks having bank loan outstanding balance as of 11.04.2019 in the state of Andhra Pradesh are eligible under this Scheme.
Ineligibility
The Bank loan outstanding against any SHG which was classified as Non-Performing Assets (NPA) by the financial institution as of 11.04.2019 is not eligible as the groups would have disintegrated long ago itself. Loan accounts closed on or before 11.04.2019 and loans availed after 11.04.2019 are not eligible, as the Scheme is applicable to loan amount outstanding as of 11.04.2019.
Jurisdiction: AP
Category: Navaratnalu
