Gujarat extends interest subsidy, loan for small traders, street vendors

Under the Atmanirbhar Gujarat Sahay Yojana scheme, the loan will be available via written application at co-operative banks, district banks and credit co-operative societies

Gujarat Chief Minister Vijay Rupani on Thursday announced an interest subsidy, a moratorium and a collateral free loan of up to Rs 1 lakh for over a million small traders, street-vendors and small professionals in the state.

"This loan would be available at 2 per cent annual interest while the remaining 6 per cent interest would be borne by the state government. The beneficiaries would also get a moratorium of six months and would not be required to pay either interest of principal amount during this time," Rupani said in a telecast on social media.

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